Vanguard Trims Mattel Stake to 9.9% as of Dec 29, 2023

TL;DR

**Vanguard slightly cut its Mattel stake to 9.9%, watch for investor sentiment shifts.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Mattel Inc. As of December 29, 2023, Vanguard beneficially owned 34,515,483 shares of Mattel's Common Stock, representing 9.9% of the company. This filing indicates a slight decrease in Vanguard's overall beneficial ownership from its previous filing, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially impacting investor sentiment for Mattel stock.

Why It Matters

This filing shows a slight reduction in Vanguard's ownership, which could be interpreted as a minor decrease in institutional confidence in Mattel, potentially influencing other investors' decisions.

Risk Assessment

Risk Level: low — The change in ownership is minor and from a passive investor, posing low immediate risk to Mattel's stock price or operations.

Analyst Insight

A smart investor would note Vanguard's slight reduction in Mattel shares, but recognize it's a passive investment and unlikely to signal a major shift. Further research into Mattel's fundamentals and upcoming earnings would be prudent before making any investment decisions.

Key Numbers

• 34,515,483 — Total Shares Beneficially Owned (Represents Vanguard's total stake in Mattel as of December 29, 2023.)
• 9.9% — Percentage of Class (Indicates Vanguard's significant, but slightly reduced, ownership percentage of Mattel's Common Stock.)
• 117,589 — Shared Voting Power (The number of shares Vanguard can vote in conjunction with others.)
• 33,944,121 — Sole Dispositive Power (The number of shares Vanguard can sell or dispose of independently.)
• 453,773 — Shared Dispositive Power (The number of shares Vanguard can sell or dispose of in conjunction with others.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Mattel Inc (company) — issuer of the securities
• 34,515,483 shares (dollar_amount) — total beneficial ownership by Vanguard
• 9.9% (dollar_amount) — percentage of Mattel's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Mattel's stock price will experience minor volatility due to this filing. (Mattel Inc.) — low confidence, target: 2024-02-20

FAQ

Filing Documents

• tv01422-mattelinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021433.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Mattel Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 333 Continental Boulevard El Segundo, CA 90245-5012

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 577081102

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration