Morningstar Investment Management LLC Grows Stock Holdings in Hasbro, Inc. (NASDAQ:HAS)

Morningstar Investment Management LLC raised its holdings in shares of Hasbro, Inc. (NASDAQ:HAS) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,650 shares of the company’s stock after acquiring an additional 258 shares during the quarter. Morningstar Investment Management LLC’s holdings in Hasbro were worth $260,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Pacer Advisors Inc. grew its holdings in Hasbro by 28,552.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,789,613 shares of the company’s stock valued at $155,967,000 after buying an additional 2,779,877 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of Hasbro by 9,806.9% during the third quarter. Mizuho Securities USA LLC now owns 1,000,000 shares of the company’s stock worth $72,320,000 after acquiring an additional 989,906 shares during the last quarter. Smith Group Asset Management LLC purchased a new position in Hasbro during the third quarter valued at $32,032,000. Robeco Institutional Asset Management B.V. increased its holdings in Hasbro by 207.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 547,822 shares of the company’s stock valued at $30,629,000 after acquiring an additional 369,744 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in Hasbro by 882.9% in the 4th quarter. Jennison Associates LLC now owns 400,818 shares of the company’s stock valued at $22,410,000 after acquiring an additional 360,039 shares during the last quarter. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at $2,396,029.68. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

NASDAQ:HAS opened at $61.14 on Thursday. The firm has a market capitalization of $8.53 billion, a PE ratio of -13.18, a PEG ratio of 0.52 and a beta of 0.64. The stock’s fifty day moving average is $58.27 and its 200 day moving average is $64.15. Hasbro, Inc. has a fifty-two week low of $48.63 and a fifty-two week high of $73.46. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

About Hasbro

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.