Hasbro Bids to Purchase Mattel

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Shares of Mattel, Inc. (NASDAQ:MAT) by 58.2% during the third quarter, according to its most recent filing with the SEC. Private Advisor Group LLC now owns 16,306 shares of the company's stock valued at $341,000 after purchasing an additional 204 shares in the last quarter. Private Trust Co. NA purchased a new stake in Mattel during the second quarter valued at approximately $209,000. Eaton Vance Management lifted its position in shares of Mattel by 581.7% during the 2nd quarter. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Mattel by 1.4% in the second quarter.

COPYRIGHT VIOLATION NOTICE: "Mattel, Inc".

Hasbro, Inc. shares closed at $91.45 on Friday, up $2.76 (+3.11%). The fund owned 65,497 shares of the company's stock after selling 373,825 shares during the quarter.

Shares of Mattel, Inc. are presently 40.20% off the 52 week low. (NASDAQ:MAT) are scrambling higher in today's trading session. Operating margins are slated to rise back to more than 15% in 2022 in our model, which would allow Hasbro to capture the business at a very undervalued price; even at $18, Mattel stakeholders could still be hesitant to agree to a sale. Current price levels see the company 22.13% off the 20-day simple moving average.

Outbreak of Legionnaires sickens 12 in California, including 9 at Disneyland
The towers were chemically treated to combat the problem, and there is no ongoing threat to guests' health, the Register reports. The patients, ranging in age from 52 to 94, lived or had spent time in Anaheim, and nine had visited Disneyland in September.

This article was originally published by and is the sole property of. (NASDAQ MAT) opened at C$14.62 on Monday. The firm's revenue for the quarter was up.2% compared to the same quarter past year. The company's revenue for the quarter was down 13.1% on a year-over-year basis. analysts forecast that Mattel, Inc. will post 0.04 EPS for the current fiscal year. The ex-dividend date was Friday, November 18th. This number lands on a scale from 1 to 5. Mattel's dividend payout ratio (DPR) is now 146.16%.

Several equities research analysts have issued reports on MAT shares.

Mattel has pointed to that bankruptcy as a reason for weak sales. We don't plan any change to our respective $26 and $98 fair value estimates for Mattel and Hasbro, and we caution investors that such speculation has fizzled in the past, and a similar fate could occur this go-round.

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