Top 5 Stocks in Mason Hawkins’ Portfolio

3. Mattel Inc. (NASDAQ:MAT)

Hawkins’ Stake Value: $381.7 million

Percentage of Mason Hawkins’ 13F Portfolio: 7.67%

Number of Hedge Fund Holders: 25

Mattel Inc. (NASDAQ:MAT) is a multinational toy manufacturing company based in California. The company specializes in the design and production of quality toys and other consumer products. The toy company comes in at third on the list of the top 10 stocks in Mason Hawkins’ portfolio.

Mason Hawkins’ Southeastern Asset Management currently holds 18.99 million shares of Mattel Inc. (NASDAQ:MAT), amounting to $381.7 million in worth and accounting for 7.67% of the fund’s portfolio. By the end of the second quarter of 2021, 25 hedge funds out of the 873 tracked by Insider Monkey held stakes in Mattel Inc. (NASDAQ:MAT) worth roughly $928.9 million. The number of hedge funds with stakes in the company remained the same for both the first and second quarters of 2021.

In Q2 2021, Mattel, Inc. (NASDAQ:MAT) posted an EPS of $0.03, beating the estimates by $0.09. The company’s revenue for the quarter came in at $1.03 billion, an increase of 40.20% on a year-over-year basis, beating estimates by $146.66 million.

On July 28, JPMorgan analyst Tami Zakaria raised the the price target on Mattel Inc. (NASDAQ:MAT) to $28 from $27 and kept an Overweight rating on the shares, due to what the analyst calls “solid” Q2 results.

Longleaf Partners Fund mentioned Mattel, Inc. (NASDAQ:MAT) in its first-quarter 2021 investor letter. Here is what the firm has to say:

“Mattel (14%, 0.87%), the global toy company, also contributed to the Fund’s positive returns. Fourth quarter sales grew 10%, with Barbie once again leading with an impressive 18% growth, American Girl up 9% due to direct-to-consumer strength, Hot Wheels up 12% and Infant/Toddler growing 7%. Margins also improved to increase EBITDA 53% year-over-year (YoY) during the company’s all-important seasonal peak. CEO Ynon Kreiz’s outlook for 2021-23 includes achievable targets of mid-single-digit revenue growth and continuously improving margins. Mattel’s strategically important IP monetization has also developed well with no fewer than 25 media projects in the works. We expect significant contributions from these high-margin IP revenues over the next several years and do not think the market yet gives the company credit for the scale of this opportunity.”