Gateway Advisory Exits Position in Mattel (MAT)

Mattel (MAT) : Gateway Advisory has sold out all of its stake in Mattel during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 16,244 shares of Mattel which is valued at $531,666.

Other Hedge Funds, Including , Rothschild Asset Management Inc boosted its stake in MAT in the latest quarter, The investment management firm added 2,204 additional shares and now holds a total of 13,123 shares of Mattel which is valued at $429,516. Mattel makes up approx 0.01% of Rothschild Asset Management Inc’s portfolio.Capital Fund Management S.a. reduced its stake in MAT by selling 347,212 shares or 63.89% in the most recent quarter. The Hedge Fund company now holds 196,218 shares of MAT which is valued at $6,457,534. Mattel makes up approx 0.11% of Capital Fund Management S.a.’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in MAT during the most recent quarter. The investment firm sold 1,492 shares of MAT which is valued $48,878. Gradient Investments sold out all of its stake in MAT during the most recent quarter. The investment firm sold 18 shares of MAT which is valued $587.Nn Investment Partners Holdings N.v. boosted its stake in MAT in the latest quarter, The investment management firm added 131,400 additional shares and now holds a total of 1,672,597 shares of Mattel which is valued at $55,597,124. Mattel makes up approx 0.51% of Nn Investment Partners Holdings N.v.’s portfolio.

Mattel opened for trading at $33.93 and hit $34.19 on the upside on Monday, eventually ending the session at $34.06, with a gain of 0.32% or 0.11 points. The heightened volatility saw the trading volume jump to 30,87,511 shares. Company has a market cap of $11,601 M.

On the company’s financial health, Mattel reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.06. The company had revenue of $957.30 million for the quarter, compared to analysts expectations of $936.69 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Investors should note that on Jul 20, 2016, Mattel announced a cash dividend of $0.3800. The company’s management has announced Aug 19, 2016 as the ex-dividend date and fixed the record date on Aug 23, 2016. The payable date has been fixed on Sep 16, 2016.

Many Wall Street Analysts have commented on Mattel. Company shares were Reiterated by MKM Partners on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $33 .

MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Company’s North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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