BlackRock Amends Hasbro Stake, Maintains Passive Investment

Ticker: HAS · Form: SC 13G/A · Filed: 2024-01-08T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock still owns a big chunk of Hasbro, signaling continued institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 8, 2024, indicating its ownership of Hasbro Inc. common stock as of December 31, 2023. This filing, an amendment to a previous one, shows BlackRock's continued significant, but passive, stake in the toy and game giant. For investors, this means a major institutional player remains invested in Hasbro, potentially signaling confidence in the company's long-term prospects, even if their percentage ownership might have slightly changed from prior filings.

Why It Matters

This filing confirms BlackRock's ongoing, substantial investment in Hasbro, which can be a positive signal for other investors, as large institutional holdings often imply a degree of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate risk or significant change in company control.

Analyst Insight

Investors should note BlackRock's continued passive ownership as a sign of institutional stability, but this filing alone doesn't suggest any immediate buy or sell action. It's a routine update confirming an existing position.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previously reported beneficial ownership statement.

Who is the 'subject company' in this filing?

The subject company, whose securities are being reported, is HASBRO, INC., with a Central Index Key (CIK) of 0000046080.

Who is the 'filing person' or 'reporting person' for this SC 13G/A?

The filing person, or reporting person, is BlackRock Inc., with a Central Index Key (CIK) of 0001364742.

What is the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.

From the Filing

EDGAR Filing Documents for 0001086364-24-000172 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-000172 Filing Date 2024-01-08 Accepted 2024-01-08 16:35:39 Documents 1 Document Format Files Seq Description Document Type Size 1 us4180561072_010824.txt SC 13G/A 11941 Complete submission text file 0001086364-24-000172.txt 14056 Mailing Address 200 NARRAGANSETT PARK DRIVE PAWTUCKET RI 02861-0200 Business Address 1027 NEWPORT AVE P O BOX 1059 PAWTUCKET RI 02861 4014318697 HASBRO, INC. (Subject) CIK : 0000046080 (see all company filings) EIN. : 050155090 | State of Incorp.: RI | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-16110 | Film No.: 24520612 SIC : 3944 Games, Toys & Children's Vehicles (No Dolls & Bicycles) (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)

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