Itau Unibanco Holding S.A. Makes New Investment in Hasbro, Inc. (NASDAQ:HAS)

Itau Unibanco Holding S.A. acquired a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 555 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Plato Investment Management Ltd bought a new position in Hasbro during the 2nd quarter valued at about $27,000. Asset Dedication LLC grew its stake in shares of Hasbro by 290.1% during the second quarter. Asset Dedication LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 351 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Hasbro by 224.8% in the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after buying an additional 299 shares during the period. True Wealth Design LLC bought a new stake in shares of Hasbro during the 3rd quarter worth approximately $31,000. Finally, International Assets Investment Management LLC purchased a new position in Hasbro during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now owns 36,828 shares in the company, valued at approximately $2,396,029.68. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.82% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HAS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley lifted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Bank of America boosted their price target on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group raised their price target on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.67.

Hasbro Stock Performance

Hasbro stock opened at $65.32 on Wednesday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of -14.08, a price-to-earnings-growth ratio of 0.60 and a beta of 0.62. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $67.50 and a 200-day simple moving average of $64.53. Hasbro, Inc. has a 1-year low of $46.09 and a 1-year high of $73.46.

Hasbro (NASDAQ:HAS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.28 by $0.45. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The business’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 EPS. On average, analysts expect that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.29%. Hasbro’s dividend payout ratio (DPR) is presently -60.34%.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.