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

Morningstar Investment Management LLC lifted its stake in Hasbro, Inc. (NASDAQ:HAS) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,650 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Morningstar Investment Management LLC’s holdings in Hasbro were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its stake 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 purchasing an additional 2,779,877 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hasbro by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,184,036 shares of the company’s stock valued at $85,629,000 after acquiring an additional 8,270 shares in the last quarter. Mizuho Securities USA LLC raised its holdings in Hasbro by 9,806.9% in the 3rd 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. Massachusetts Financial Services Co. MA lifted its position in Hasbro by 13.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 804,888 shares of the company’s stock valued at $58,210,000 after acquiring an additional 97,039 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Hasbro by 9.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 774,804 shares of the company’s stock valued at $56,034,000 after purchasing an additional 66,995 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HAS shares. Stifel Nicolaus decreased their price target on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. DA Davidson boosted their target price on Hasbro from $59.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Morgan Stanley upped their target price on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.11.

Hasbro Price Performance

Shares of NASDAQ:HAS opened at $61.14 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $8.53 billion, a PE ratio of -13.18, a price-to-earnings-growth ratio of 0.52 and a beta of 0.64. The firm’s 50 day moving average price is $58.27 and its 200-day moving average price is $64.15. Hasbro, Inc. has a twelve month low of $48.63 and a twelve month high of $73.46.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was 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 in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

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.