Capital Research Global Investors Decreases Stake in Hasbro, Inc. (NASDAQ:HAS)

Capital Research Global Investors reduced its stake in Hasbro, Inc. (NASDAQ:HAS - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,521,763 shares of the company's stock after selling 522,894 shares during the period. Capital Research Global Investors owned approximately 10.41% of Hasbro worth $811,911,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its position in Hasbro by 120.1% in the 4th quarter. Allworth Financial LP now owns 482 shares of the company's stock worth $28,000 after buying an additional 263 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new position in shares of Hasbro during the fourth quarter valued at approximately $43,000. Resona Asset Management Co. Ltd. bought a new position in Hasbro during the fourth quarter valued at approximately $44,000. Wilmington Savings Fund Society FSB purchased a new stake in Hasbro in the third quarter worth approximately $45,000. Finally, Principal Securities Inc. grew its position in Hasbro by 16.4% in the 4th quarter. Principal Securities Inc. now owns 1,478 shares of the company's stock worth $83,000 after purchasing an additional 208 shares during the period. 91.83% of the stock is owned by hedge funds and other institutional investors.

Hasbro Price Performance

Shares of HAS traded up $0.59 during trading hours on Wednesday, reaching $52.69. 3,866,163 shares of the stock traded hands, compared to its average volume of 1,665,782. Hasbro, Inc. has a 52-week low of $49.00 and a 52-week high of $73.46. The company has a current ratio of 1.60, a quick ratio of 1.29 and a debt-to-equity ratio of 2.85. The company has a market cap of $7.37 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 0.60 and a beta of 0.51. The company's 50-day moving average price is $59.55 and its two-hundred day moving average price is $61.37.

Hasbro (NASDAQ:HAS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. Hasbro had a return on equity of 47.93% and a net margin of 9.32%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.02 billion. On average, analysts anticipate that Hasbro, Inc. will post 4.33 earnings per share for the current year.

Hasbro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, March 3rd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Monday, March 3rd. Hasbro's dividend payout ratio (DPR) is presently 101.82%.

Analyst Ratings Changes

HAS has been the topic of a number of research reports. Roth Mkm raised their price target on Hasbro from $68.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. DA Davidson raised shares of Hasbro to a "hold" rating in a research report on Monday, April 14th. Morgan Stanley reissued an "overweight" rating and issued a $84.00 price objective (down previously from $88.00) on shares of Hasbro in a report on Friday, February 21st. Stifel Nicolaus cut their target price on shares of Hasbro from $82.00 to $77.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Hasbro from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $80.22.

Hasbro 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.