Primecap Management Co. CA Invests $409.54 Million in Mattel, Inc. $MAT

Primecap Management Co. CA acquired a new position in Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 29,505,735 shares of the company’s stock, valued at approximately $409,540,000. Primecap Management Co. CA owned 0.10% of Mattel as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in Mattel during the second quarter valued at approximately $3,526,000. Legal & General Group Plc purchased a new position in Mattel in the 2nd quarter worth approximately $5,178,000. The Manufacturers Life Insurance Company bought a new position in shares of Mattel in the 2nd quarter worth $4,078,000. Cibc World Market Inc. bought a new position in shares of Mattel in the 2nd quarter worth $1,192,000. Finally, Foyston Gordon & Payne Inc purchased a new stake in shares of Mattel during the 2nd quarter valued at $3,932,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Roth Capital lowered their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Citigroup dropped their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Finally, Argus reiterated a “buy” rating and set a $22.00 price objective on shares of Mattel in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Mattel has a consensus rating of “Hold” and a consensus target price of $17.80.

Mattel Price Performance

MAT stock opened at $15.26 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. Mattel, Inc. has a 52 week low of $12.73 and a 52 week high of $22.48. The firm’s fifty day moving average is $14.27 and its 200 day moving average is $15.07. The firm has a market cap of $4.36 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.43 and a beta of 0.72.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Mattel had a return on equity of 16.20% and a net margin of 7.79%.The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Research analysts predict that Mattel, Inc. will post 1.32 earnings per share for the current year.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.