Franklin Resources Inc. Increases Position in Mattel, Inc. (NASDAQ:MAT)

Franklin Resources Inc. increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 15.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,843,505 shares of the company’s stock after buying an additional 1,491,282 shares during the period. Franklin Resources Inc. owned about 3.22% of Mattel worth $192,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares during the period. West Oak Capital LLC grew its stake in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in Mattel during the 4th quarter valued at about $51,000. GAMMA Investing LLC raised its position in Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after acquiring an additional 744 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after purchasing an additional 2,972 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $19.43 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 2.35 and a beta of 0.65. The stock’s 50-day moving average price is $20.28 and its two-hundred day moving average price is $19.32. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.07.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the previous year, the firm earned $0.29 EPS. On average, research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MAT shares. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley boosted their price target on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mattel has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.