Economy

Farmers & Merchants Investments Inc. Sells 18264 Shares of Mattel, Inc. (MAT)

News headlines about Mattel (NASDAQ:MAT) have been trending somewhat positive recently, Accern Sentiment reports. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Looking at a public company's insider trading can give great insight into how the stock is performing. Sentry Investment Management LLC now owns 25,759 shares of the company's stock valued at $555,000 after purchasing an additional 67 shares during the period. With all of these companies being brought down, Mattel, Inc. may be a diamond in the rough. Vanguard Group Inc. now owns 30,549,988 shares of the company's stock valued at $955,908,000 after buying an additional 1,019,897 shares during the period. Louisiana State Employees Retirement System now owns 21,200 shares of the company's stock valued at $456,000 after purchasing an additional 200 shares during the period. Fairpointe Capital LLC now owns 7,993,469 shares of the company's stock worth $172,099,000 after purchasing an additional 1,560,624 shares in the last quarter. During the same quarter in the prior year, the company earned ($0.02) EPS.

Examining Institutional Ownership at Mattel, Inc.

The good news is there's still room for Mattel, Inc. The retailer is set to receive $3.1-billion debtor-in-possession financing, which is likely to help the toy retailer pay some of its suppliers such as Mattel and keep 1,600 stores in operation for the crucial holiday season. The total amount of shares outstanding is 343.12 million, giving the company a market capitalization of about 5.30 billion. The stock's 50 day moving average is $15.48 and its 200-day moving average is $19.56. The company reported ($0.02) EPS for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.03.

Over the past three years, Mattel has seen sales fall from $6.5 billion to $5.5 billion, gross margins tumble from 53.6% to 46.8%, while net income dropped from $904 million to $318 million. The firm had revenue of $974.50 million during the quarter, compared to analysts' expectations of $972.36 million. The business's revenue for the quarter was up 1.8% on a year-over-year basis.

The counter witnessed a trading volume of 12.49 million shares versus an average volume of 10.83 million shares during last trading session. The shares were purchased at an average cost of $19.61 per share, with a total value of $248,262.60. Following the completion of the acquisition, the chief executive officer now owns 116,788 shares of the company's stock, valued at approximately $2,290,212.68. Mattel's dividend payout ratio is now 149.02%. "(MAT)" was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this news story on another website, it was illegally copied and reposted in violation of United States and global trademark & copyright laws. The legal version of this piece can be read at https://stocknewstimes.com/2017/10/24/toronto-dominion-bank-has-2-50-million-stake-in-mattel-inc-mat.html.

MAT has been the topic of a number of recent analyst reports. Shares were down 27% just about 20 minutes ago. Jefferies Group LLC restated a "hold" rating and set a $17.00 target price on shares of Mattel in a report on Thursday, September 7th. BidaskClub lowered shares of Mattel from a "hold" rating to a "sell" rating in a research note on Saturday, August 5th. The lowest price the stock reached in the last trading day was $18.63 and compares with the $18.17 52-week low. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover MAT having a buy-equivalent rating.

The company's consensus rating on Reuter's scale remained unchanged from 2.65 to 2.65 during a month.

Once understood where Mattel, Inc. lies, begin comparing it against other specific companies in the Toys & Games to begin searching for value.



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