Bank of New York Mellon Corp Buys 25,359 Shares of Hasbro, Inc. (HAS)

Bank of New York Mellon Corp raised its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,199,237 shares of the company’s stock after purchasing an additional 25,359 shares during the period. Bank of New York Mellon Corp owned 0.96% of Hasbro worth $117,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Hasbro by 5.7% during the second quarter. Vanguard Group Inc. now owns 12,882,037 shares of the company’s stock valued at $1,436,475,000 after purchasing an additional 695,231 shares during the period. BlackRock Inc. raised its position in Hasbro by 7.6% during the second quarter. BlackRock Inc. now owns 9,880,626 shares of the company’s stock valued at $1,101,787,000 after purchasing an additional 700,898 shares during the period. Wells Fargo & Company MN raised its position in Hasbro by 1.0% during the second quarter. Wells Fargo & Company MN now owns 2,767,920 shares of the company’s stock valued at $308,649,000 after purchasing an additional 26,350 shares during the period. Principal Financial Group Inc. raised its position in Hasbro by 6.3% during the third quarter. Principal Financial Group Inc. now owns 2,315,308 shares of the company’s stock valued at $226,136,000 after purchasing an additional 137,568 shares during the period. Finally, FMR LLC raised its position in Hasbro by 70.2% during the second quarter. FMR LLC now owns 2,104,131 shares of the company’s stock valued at $234,631,000 after purchasing an additional 868,073 shares during the period. Institutional investors and hedge funds own 79.27% of the company’s stock.

In related news, EVP Stephen J. Davis sold 937 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.96, for a total value of $88,977.52. Following the transaction, the executive vice president now owns 40,888 shares of the company’s stock, valued at $3,882,724.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan G. Hassenfeld sold 17,834 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $95.30, for a total value of $1,699,580.20. Following the completion of the transaction, the director now directly owns 29,140 shares in the company, valued at approximately $2,777,042. The disclosure for this sale can be found here. In the last three months, insiders sold 430,072 shares of company stock worth $41,151,674. 11.00% of the stock is owned by insiders.

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Hasbro, Inc. (NASDAQ HAS) opened at $95.03 on Friday. Hasbro, Inc. has a 52 week low of $77.20 and a 52 week high of $116.20. The stock has a market capitalization of $11,836.52, a P/E ratio of 20.26, a P/E/G ratio of 1.90 and a beta of 0.87. The company has a quick ratio of 2.11, a current ratio of 2.53 and a debt-to-equity ratio of 0.87.

Hasbro (NASDAQ:HAS) last announced its quarterly earnings data on Monday, October 23rd. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.15. Hasbro had a return on equity of 31.74% and a net margin of 11.34%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Hasbro’s revenue was up 6.6% compared to the same quarter last year. analysts expect that Hasbro, Inc. will post 5 EPS for the current year.

HAS has been the topic of a number of recent research reports. Stifel Nicolaus restated a “hold” rating and set a $108.00 price objective on shares of Hasbro in a research report on Thursday, August 3rd. BidaskClub downgraded Hasbro from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded Hasbro from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC set a $125.00 price objective on Hasbro and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, KeyCorp restated an “overweight” rating and set a $112.00 price objective on shares of Hasbro in a research report on Wednesday, August 30th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. Hasbro presently has an average rating of “Hold” and an average target price of $106.69.

About Hasbro

Hasbro, Inc (Hasbro) is a play and entertainment company. The Company’s operating segments include the U.S. and Canada, International, and Entertainment and Licensing. From toys and games to content development, including television programming, motion pictures, digital gaming and a consumer products licensing program, Hasbro fulfills the fundamental need for play and connection for children and families around the world.

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

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