Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 26th, 2026

Dimensional Fund Advisors LP boosted its stake in shares of Mattel, Inc. (NASDAQ:MAT – Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,052,845 shares of the company’s stock after purchasing an additional 783,102 shares during the period. Dimensional Fund Advisors LP owned about 3.80% of Mattel worth $160,591,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MAT. SEB Asset Management AB purchased a new stake in Mattel in the 1st quarter worth approximately $148,000. Gallacher Capital Management LLC acquired a new stake in shares of Mattel during the 1st quarter valued at $151,000. Illinois Municipal Retirement Fund grew its holdings in shares of Mattel by 24.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 300,659 shares of the company’s stock valued at $4,369,000 after acquiring an additional 59,085 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Mattel by 14.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 53,678 shares of the company’s stock valued at $780,000 after acquiring an additional 6,970 shares in the last quarter. Finally, Calamos Wealth Management LLC acquired a new position in shares of Mattel in the first quarter worth $288,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel News Roundup Here are the key news stories impacting Mattel this week:

Positive Sentiment: Mattel unveiled a Barbie Signature doll honoring basketball star Angel Reese, along with matching Reebok shoes, giving the company a fresh celebrity-driven product that could boost Barbie sales and broaden the brand’s cultural reach. Article Title Positive Sentiment: Mattel announced a worldwide licensing partnership with WWE-owned Lucha Libre AAA, expanding its wrestling toy portfolio and reinforcing its position in a popular action-figure category. Article Title Positive Sentiment: Mattel also highlighted new products and promotions around existing brands, including a Matchbox movie tie-in, a Halo Brick Shop set, UNO Social Club events, and Harry Potter collectible dolls, which suggest continued monetization across multiple franchises. Article Title Neutral Sentiment: News about short interest showed no meaningful change, with reported short interest at zero shares, offering little direct signal for the stock’s near-term direction. Neutral Sentiment: Additional coverage around the Angel Reese doll, the WWE/AAA deal, and Halo-related product leaks mostly reinforces the same upbeat product pipeline already captured above. Article Title Analysts Set New Price Targets Several analysts recently issued reports on the company. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Odeon Capital Group assumed coverage on Mattel in a research note on Thursday, July 16th. They set a “buy” rating for the company. JPMorgan Chase & Co. cut their price target on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Finally, Citigroup reduced their price target on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Get Our Latest Stock Analysis on MAT

Mattel Stock Performance Shares of MAT opened at $14.34 on Friday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The company’s fifty day moving average is $14.19 and its 200-day moving average is $16.07. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. Mattel, Inc. has a 12 month low of $12.73 and a 12 month high of $22.48.

Mattel (NASDAQ:MAT – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The business had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same quarter in the previous year, the business earned ($0.03) EPS. Mattel’s quarterly revenue was up 4.3% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Equities analysts expect that Mattel, Inc. will post 1.35 EPS for the current fiscal year.

Mattel Profile (Free Report)

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (Nasdaq: MAT), a leading global play and family entertainment company, and WWE today announced a new multi-year global licensing agreement at their joint San Diego Comic-Con panel that expands Mattel's WWE portfolio to include Lucha Libre AAA Worldwide (AAA), one of Mexico's most iconic and influential lucha libre promotions. This deal reinforces Mattel's position as the home of WWE action figures and toys for fans worldwide. Beginning Fall 2027.

Mattel, Inc. trades at a rare sub-10x P/E, reflecting tariff headwinds, extra debt, and stagnant sales, but offers compelling deep-value upside. MAT's free cash flow yield exceeds 7%, with EV/sales and EV/EBITDA ratios near multi-decade lows, signaling significant undervaluation versus peers and history. Activist pressure and high short interest create potential catalysts; a takeover bid or short covering could trigger rapid price appreciation.

Race to stores for the exclusive 2017 Nissan GT-R (R35) die-cast supercar

, /PRNewswire/ -- Start your engines: 7-Eleven, Inc. is back in the fast lane with Hot Wheels®, dropping an exclusive 2017 Nissan GT-R (R35) die-cast car in collaboration with Mattel, Inc. (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world.* The toy car brings together two beloved pop culture brands for another high-octane release inspired by speed and nostalgia.

Race to stores for the exclusive 2017 Nissan GT-R (R35) die-cast supercar For the second year in a row, 7-Eleven and Hot Wheels are releasing an exclusive 7-Eleven-branded die-cast toy car available at participating 7-Eleven®, Speedway® and Stripes® store locations and 7Collection.com, the retailer's official online merchandise shop, while supplies last. This year's collectible puts the spotlight on the high-performance 2017 Nissan GT-R (R35), a legendary model beloved by car enthusiasts. The model features a sleek white wrap with 7-Eleven's iconic logo on the hood and sides, creating the kind of die-cast livery collectors love to discover.

With this latest Hot Wheels drop, fans can head to participating stores nationwide and 7Collection.com to grab the exclusive die-cast supercar before it speeds away. Plus, fans can stay tuned for an expanded limited-edition merch drop coming soon to 7Collection.com.

*Limited time only, while supplies last. Available exclusively on 7Collection.com. ©2026 7-Eleven, Inc. All rights reserved.

About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada. In addition to 7-Eleven® stores, 7-Eleven, Inc. operates and franchises Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7-Eleven offers customers fresh, high-quality and convenient food options like sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7-Eleven also offers customers industry-leading packaged products at an outstanding value with its 7-Select™ private brand. Customers can earn and redeem points on various items in stores nationwide through its 7Rewards® and Speedy Rewards® loyalty programs, which have more than 100 million members. Customers can also place an order in the 7NOW® delivery app with real-time tracking and delivery typically in about 30 minutes, depending on the market, driver availability, weather, traffic conditions, and other factors. Find out more online at www.7-eleven.com.

About Mattel
Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world's leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

SOURCE 7-Eleven, Inc.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) today announced that it plans to release its second quarter 2026 financial results on Tuesday, August 4, 2026, at approximately 4:05 p.m. Eastern Time. Following this, Mattel will host a webcast conference call at 5:00 p.m. Eastern Time. The webcast and accompanying slides will be available under the Events and Presentations section of Mattel's Investor Relations website, https://investors.mattel.com. To listen to the webcast, log.

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Mattel's "KPop Demon Hunters" singing dolls of Mira, Rumi and Zoey.

Mattel Creations

Mattel’s KPop Demon Hunters singing dolls of Rumi, Mira and Zoey — as well as fashion dolls of the HUNTR/X trio and Jinu — are almost here as they’ve gone on pre-order with late July and early August release dates.

Netflix’s animated movie musical sensation celebrated its first anniversary on June 20, and in the days before and after the big date, Mattel and other toy licensees have been announcing pre-sales and releases of their KPop Demon Hunter product.

ForbesMattel’s ‘KPop Demon Hunters’ Demon Jinu Doll Picked By Fans Comes To Pre-SaleBy Tim Lammers

Most recently, a fan-selected doll of Demon Jinu went up for pre-order with June 2027 release date. However, the singing versions of Rumi, Mira and Zoey and the fashion dolls of the trio, as well as Jinu, are now available to pre-order and their ship dates are just over a month away.

In October, Netflix named Mattel the master licensee for dolls, action figures and other products for KPop Demon Hunters, while Hasbro was named master licensee for games and role-play toys, among other items.

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Mattel's "KPop Demon Hunters" singing dolls of Mira, Rumi and Zoey packaged.

Mattel Creations

On Wednesday, eight months after the licensing agreement with Netflix was struck, Mattel announced the pending releases of the first dolls in the toymaker’s KPop Demon Hunters line. Available individually, the KPop Demon Hunters singing dolls of Rumi, Mira and Zoey are listed for pre-sale on Mattel Creations’ retail site, as well as other select retailers, with a retail price of $33 each.

As of the publication of this article, the singing Zoey doll has a ship date of July 31, while the singing Rumi and Mira dolls are each scheduled to ship on Aug. 7.

Each doll is dressed in their “Golden” song performance outfit and include a sound chip featuring three clips from the tune. The Rumi and Mira dolls, which are 11.5 inches tall, as well as the Zoey doll, which is 11 inches tall, all come with fully rooted hair and sculpted accessories.

ForbesHot Wheels SDCC Exclusives Inspired By ‘KPop Demon Hunters,’ ‘Stranger Things’ And ‘Top Gun’By Tim Lammers

“Golden,” of course, earned KPop Demon Hunters a Best Original Song Oscar at the 2026 Academy Awards in March, while the film was named Best Animated Feature. Then in late May, KPop Demon Hunters won four American Music Awards, including Song of the Year for EJAE, Audrey Nuna and Rei Ami, the singing voices of Rumi, Mira and Zoey, respectively.

Mattel's "KPop Demon Hunters" fashion dolls of Mira, Rumi, Zoey and Jinu.

Mattel Creations

The ‘KPop Demon Hunters’ Fashion Doll Line Features HUNTR/X In Their Demon Hunting OutfitsIn addition to the release of its KPop Demon Hunters singing doll line featuring the HUNTR/X trio, Mattel has listed for pre-sale fashion dolls of Rumi, Mira, Zoey and Saja Boys singer Jinu.

The Rumi, Mira and Jinu dolls are all 11.5 inches tall, while Zoey measures 11 inches tall. The HUNTR/X dolls are outfitted in their demon hunter apparel, while Jinu is wearing his “Soda Pop” outfit.

Forbes‘KPop Demon Hunters’ Toys’ Rollout Continues After Film Celebrates 1st AnniversaryBy Tim LammersThe Rumi, Mira, Zoey and Jinu fashion dolls are being released individually, and retail for $27 each. As of the publication of this article, Mira is scheduled to ship on July 31, while Zoey and Jinu have an Aug. 7 ship date. Rumi currently has a ship date of Oct. 9.

Like the KPop Demon Hunters singing dolls, Mattel’s fashion dolls of the characters are listed for pre-sale on Mattel Creations, as well as select retailers.

Rated PG, KPop Demon Hunters is streaming exclusively on Netflix.

Forbes‘Heated Rivalry’ Funko Pops! Revealed And Go On Pre-SaleBy Tim Lammers

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) announced today that UNO Social Clubs are going global, with a new five-city U.S. tour and expansion to nine locations worldwide, following the success of last year's inaugural events. Now, UNO® is bringing the experience to even more players complete with friendly competition, unexpected twists, and unforgettable moments. With a legacy spanning more than five decades, UNO continues to evolve alongside its fans, creating new ways t.

Mattel, Inc. (MAT) Q1 2026 Earnings Call Transcript

Key Takeaways MAT posted a narrower Q1 loss of $0.20 per share and net sales of $862M, beating estimates.MAT Vehicles' gross billings rose 17% YoY to $361M, while Dolls and Infant/Toddler/Preschool declined.MAT gross margin fell 450 bps to 45.1% as tariffs, FX and inflation outweighed mitigation actions. Mattel, Inc. (MAT - Free Report) reported first-quarter 2026 results, with adjusted earnings and net sales beating the Zacks Consensus Estimate. Revenues improved, while the bottom line fell from the prior-year quarter levels.

The company posted an adjusted loss of 20 cents per share, narrower than the Zacks Consensus Estimate of a loss of 24 cents by 16.67%. The bottom line declined from an adjusted loss of 2 cents reported in the prior-year quarter.

Net sales of $862 million topped the consensus mark of $801 million by 7.59% and increased 4% year over year. Gross billings, a key demand indicator in the toy industry, rose 2% year over year in constant currency to $972 million, led by Vehicles' momentum.

MAT Sees International Growth Cushion U.S. Softness in Q1Segment results reflected a clear geographic split in the first quarter. International net sales rose 15% year over year to $387.0 million, driven by broad-based growth across EMEA, Latin America and Asia Pacific. Management also cited positive consumer demand trends, with global point-of-sale up mid-single digits.

North America remained pressured. Net sales declined 3% year over year to $475.1 million, down from $491.4 million a year ago. Management attributed the softness primarily to U.S. retailer ordering patterns shifting from direct import to domestic shipping, while noting those patterns appear to be stabilizing and expecting the region to return to growth in the second quarter.

Mattel Vehicles Lead Growth as Dolls and ITPS WeakenCategory performance again highlighted Vehicles as the primary engine. Worldwide gross billings for Vehicles increased 17% year over year to $361 million, or 13% in constant currency, supported by continued momentum in Hot Wheels. Management also pointed to double-digit growth for Hot Wheels and Disney and Pixar’s Cars within the Vehicles portfolio.

Other categories trended lower. Dolls gross billings declined 8% year over year to $272 million, primarily due to lower Barbie results, partially offset by Monster High. Infant, Toddler and Preschool gross billings fell 16% year over year to $106 million, reflecting weaker Fisher-Price performance, though Little People delivered double-digit growth. Action Figures, Building Sets, Games and Other increased 21% year over year to $233 million, aided by Games growth (including a partial-quarter contribution from Mattel163), strength in Action Figures tied to owned and partner properties, and continued expansion of Mattel Brick Shop.

MAT’s Q1 Margin Slides on Tariffs, FX & Inflation HeadwindsProfitability deteriorated despite the stronger net sales performance. Adjusted gross margin declined 450 basis points year over year to 45.1%, reflecting a higher cost environment and limited near-term offsets.

Management quantified the year-over-year pressure as 240 basis points from the gross incremental cost of tariffs, 140 basis points from unfavorable foreign exchange and 90 basis points from inflation. Tariff mitigation actions and savings initiatives provided partial relief, but the net impact weighed on gross profit in the quarter. Mattel reiterated its expectation for sequential improvement as the year progresses, with the second quarter still below 50% and stronger margin performance anticipated in the second half.

Mattel’s Expenses Rise With Marketing and Strategic SpendOperating costs moved higher as Mattel invested in brands and growth platforms. Advertising and promotion expense increased $23.0 million year over year to $92.9 million, reflecting the timing of Easter and the inclusion of Mattel163 expenses.

SG&A also rose as strategic initiatives ramped. On an adjusted basis, SG&A increased $19.0 million to $366.3 million, which management attributed primarily to the company’s strategic investments. Mattel reiterated its plans for approximately $150 million of investments in 2026 to accelerate growth and profitability across self-published mobile games, building sets, DTC, first-party data, and technology and infrastructure. The company also highlighted ongoing progress integrating Mattel163 and pointed to an entertainment slate that includes the global theatrical release of Masters of the Universe on June 5.

MAT’s Cash Flow Weakens on Mattel163 and BuybacksCash generation turned negative in the quarter as the company executed on capital allocation priorities. Cash flows used in operating activities totaled $22.9 million, against an inflow of $24.8 million reported in the year-ago period.

Investing activity was also elevated. Cash flows used in investing activities were $143.6 million, primarily tied to cash paid for the Mattel163 acquisition (net of cash acquired) and higher capital expenditures.

Capital spending increased to $65.1 million, resulting in free cash flow of negative $88.1 million. Mattel repurchased $200 million of shares during the quarter and reiterated its target of $400 million in repurchases for 2026, while ending the period with $866 million of cash and equivalents and $2,332.8 million of long-term debt. Inventory was $676.9 million at quarter’s end, a modest increase year over year that management linked to tariff-related costs.

MAT Reaffirms 2026 Outlook as Q2 Shipping AcceleratesManagement reaffirmed its 2026 outlook, projecting net sales growth of 3% to 6% in constant currency. The company also expects adjusted gross margin to be approximately 50% for the full year, with sequential improvement through 2026 and stronger performance in the second half.

On a recast basis, Mattel guided to adjusted operating income of $580 million to $630 million and adjusted earnings of $1.27 to $1.39 per share, with an adjusted tax rate of approximately 24%. Management also pointed to top-line acceleration early in the second quarter, supported by stronger shipping trends and expectations that U.S. ordering patterns will stabilize, as the company advances its IP-driven play and family entertainment strategy alongside continued integration of Mattel163.

MAT’s Zacks Rank & Key PicksGDEV presently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The company delivered a trailing four-quarter earnings surprise of 262.7%, on average. The consensus estimate for GDEV’s 2026 sales and EPS implies growth of 6.4% and 23.8%, respectively, from the year-ago levels.

Accel Entertainment carries a Zacks Rank #2 (Buy) at present. The company delivered a trailing four-quarter earnings surprise of 23.4%, on average.

The consensus estimate for Accel Entertainment’s 2026 sales and EPS implies growth of 5.1% and 15%, respectively, from the year-ago levels.

Take-Two Interactive carries a Zacks Rank #2 at present. The company delivered a trailing four-quarter earnings surprise of 58.9%, on average.

The Zacks Consensus Estimate for Take-Two Interactive’s 2026 sales and EPS indicates growth of 18.2% and 90.7%, respectively, from the year-ago levels.

Mattel, Inc (NASDAQ:MAT) is expected to see improved growth in 2026, according to Jefferies, which raised its forecasts and price target for the toymaker, citing potential upside from its entertainment-driven product slate.

Jefferies has increased its fiscal 2026 sales growth estimate to 6.6% year over year, up from a prior 4.5% and above the roughly 6% consensus.

The firm also lifted its earnings per share forecast to $1.35 and set a price target of $19.

Shares of Mattel traded up 2.5% at about $15 on Wednesday afternoon.

The analysts pointed to two key variables for 2026: upcoming releases tied to the “Masters of the Universe” franchise and Disney’s “Toy Story 5,” for which Mattel holds the toy license. According to Jefferies, neither film would need a breakout box office performance to drive incremental revenue and profit upside.

For “Masters of the Universe,” scenario analysis suggests a wide range of outcomes, with estimated sales contributions between $9.8 million and $243 million and EBIT ranging from $3.7 million to $47.3 million. The projections assume a 4% royalty rate tied to box office performance, along with additional merchandise-related uplift.

“Toy Story 5” is also seen as a meaningful contributor. Based on historical trends from the 2019 release, Jefferies’ base case assumes toy sales of about $182 million, with a potential increase to more than $327 million in a stronger scenario. Estimated EBIT contribution ranges from roughly $10.2 million to $45.8 million.

Jefferies said both franchises would primarily benefit Mattel’s Challenger and “Other” categories, which the company has indicated should post strong growth. Under its base case, the firm expects these segments to grow about 14%, compared with consensus expectations of 6%.

In a more optimistic scenario, the two entertainment properties could contribute roughly six percentage points of additional sales growth, though the analysts cautioned that gains in these categories could be partially offset by weaker trends in other segments, including dolls.

MEMPHIS, Tenn.--(BUSINESS WIRE)--Southeastern Asset Management, Inc. (“Southeastern”) today issued an open letter to the board of directors and shareholders of Mattel, Inc. (NASDAQ: MAT) (“Mattel” or the “Company”), calling on the Company to explore strategic alternatives. The full text of the letter is below. May 7, 2026 Board of Directors and Shareholders of Mattel, Inc. c/o Secretary, TWR 15-1 Mattel, Inc. 333 Continental Boulevard El Segundo, CA 90245-5012 VIA Email, FedEx and Press Release.

Southeastern Asset Management is calling for a sale of Mattel, arguing it would be better off if owned by a private equity firm, competitor or large media company.

On May 12, 2026, Serenity Capital Management disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold 383,611 shares of Mattel (MAT +1.09%) during the first quarter, an estimated $6.99 million transaction based on quarterly average pricing.

What happenedAccording to a SEC filing dated May 12, 2026, Serenity Capital Management reduced its position in Mattel (MAT +1.09%) by 383,611 shares during the first quarter. The estimated transaction value was $6.99 million, calculated using the mean unadjusted closing price for the quarter. At quarter end, the fund reported holding 2,002,032 shares, valued at $29.09 million.

What else to knowFollowing the sale, Mattel represented 7.02% of Serenity Capital Management’s 13F reportable AUM as of March 31, 2026.Top holdings after the filing:NYSE: ZTO: $127.28 million (30.7% of AUM)NYSE: TAL: $53.78 million (13.0% of AUM)NASDAQ: HTHT: $48.23 million (11.6% of AUM)NYSE: EDU: $37.20 million (9.0% of AUM)NASDAQ: PDD: $36.78 million (8.9% of AUM)As of May 11, 2026, Mattel shares were priced at $14.99, down 21.1% over the past year and underperforming the S&P 500 by 44.02 percentage points.Company overviewMetricValueRevenue (TTM)$5.38 billionNet income (TTM)$498.92 millionPrice (as of market close May 11, 2026)$14.99One-year price change(21.11%)Company snapshotProduces toys, dolls, action figures, vehicles, and games under brands such as Barbie, Hot Wheels, Fisher-Price, and American Girl, as well as licensed products for major entertainment partners.Generates revenue primarily through the sale of physical toys and consumer products, complemented by content, gaming, and digital experiences across global retail and direct-to-consumer channels.Targets children and families worldwide, serving both mass-market retailers and specialty stores, as well as direct customers through proprietary retail and online platforms.Mattel is a global leader in the toy and family entertainment industry, leveraging a diverse brand portfolio and international distribution network. The company’s strategy centers on brand innovation, licensing partnerships, and expanding digital engagement to capture evolving consumer preferences. Scale, brand recognition, and a broad product mix provide Mattel with a competitive advantage in the consumer cyclical sector.

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What this transaction means for investorsSerenity Capital Management runs a highly concentrated China-focused portfolio — nine of their 10 holdings are Chinese companies. Mattel is the outlier, representing just 7% of their assets. They established the position late last year, then trimmed it significantly one quarter later as tariff pressures squeezed profitability.

Mattel's recent results beat revenue expectations with solid sales growth, but gross margins collapsed as tariffs, foreign exchange, and inflation hit hard. The stock trades near its 52-week low, well below recent highs.

Hot Wheels grew strongly and the company is investing heavily in digital gaming and entertainment, including a Masters of the Universe film releasing this summer. Management maintained full-year guidance and bought back shares aggressively.

Serenity's quick trim is telling for a fund so focused on China. They bought Mattel as their lone U.S. consumer play, then may have bailed when margin pressure proved worse than expected. For investors, the question is whether brand strength and digital investments can offset sustained cost headwinds for Mattel, or whether tariffs keep the stock stuck even as revenue grows.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world, today announced a global search for the first-ever Hot Wheels® Tiniest Team Principal™. One Tiniest Team Principal each from the United States, United Kingdom and Mexico will be chosen and flown with their families to Hot Wheels headquarters in El Segundo, Calif., where things get real. They will meet the desig.

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world, today unveiled seven new Mattel Brick Shop™ building sets, marking the brand's most expansive year yet. The new Premium, Elite, and Speed Series sets span partnerships with Lamborghini, Audi, Toyota, Aston Martin, and Chevrolet, while the broader 2026 lineup signals Mattel Brick Shop's evolution beyond automoti.

Patient Capital Management fully exited its position in Mattel (MAT +1.09%) during the first quarter, selling 2,794,343 shares in a trade estimated at $50.92 million based on quarterly average pricing, according to a May 14, 2026, SEC filing.

What happenedAccording to a SEC filing dated May 14, 2026, Patient Capital Management sold all 2,794,343 shares of Mattel during the first quarter. The sale’s estimated value was $50.92 million based on the average closing price over the quarter. The quarter-end change in position valuation, including price effects, was $55.44 million. The fund now holds no shares of Mattel.

What else to knowTop holdings after the filing:NASDAQ: RPRX: $174.79 million (6.5% of AUM)NYSE: C: $160.35 million (6.0% of AUM)NASDAQ: GOOGL: $153.56 million (5.7% of AUM)NASDAQ: AMZN: $136.30 million (5.1% of AUM)NYSE: QXO: $131.64 million (4.9% of AUM)As of May 13, 2026, shares of Mattel were priced at $14.82, down 24% over the past year and underperforming the S&P 500, which is up 28% in the same period.Company OverviewMetricValuePrice (as of market close 2026-05-13)$14.82Market Capitalization$4.38 billionRevenue (TTM)$5.38 billionNet Income (TTM)$498.92 millionCompany SnapshotMattel produces toys, games, and children’s entertainment products under brands such as Barbie, Hot Wheels, Fisher-Price, and American Girl, with revenues primarily generated from global toy sales and licensing.The company operates a diversified business model that includes direct-to-consumer sales, retail partnerships, and licensing arrangements with major entertainment franchises.Primary customers include children and families worldwide, with products distributed through retailers, proprietary stores, online channels, and wholesale partners.Mattel, Inc. is a leading global toy and children’s entertainment company with a broad portfolio of iconic brands and a significant international presence. Its strategy leverages brand strength, licensing partnerships, and multi-channel distribution to maintain a competitive edge in the consumer cyclical sector. Scale, brand recognition, and diversified revenue streams position Mattel as a key player in the global leisure and entertainment market.

What this transaction means for investorsEven after years of restructuring and the blockbuster success of Barbie, Mattel stock remains well below where many shareholders probably expected, or at least hoped, it to be.

The latest results were mixed. First-quarter net sales rose 4% to $862 million, driven by strong international growth and continued momentum at Hot Wheels, where gross billings climbed 17%. But Barbie gross billings fell 16%, Fisher-Price declined 12%, and gross margin contracted 450 basis points as tariffs, foreign exchange pressures, and inflation weighed on profitability.

Nevertheless, management remains optimistic. CEO Ynon Kreiz said consumer demand remained positive and highlighted progress in Mattel's digital strategy, including the acquisition of Mattel163 and the upcoming launch of two self-published mobile games. The company also repurchased $200 million of stock during the quarter and maintained its full-year outlook.

For long-term investors, the key question is whether Mattel can evolve from a toy maker into a broader entertainment and intellectual property company. The brands remain powerful, but the financial results suggest that the transition is still a work in progress. Investors who believe in the digital gaming and entertainment opportunity may see value here, but they'll need patience.

Citigroup is an advertising partner of Motley Fool Money. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and QXO. The Motley Fool has a disclosure policy.

Starting today, Dunkin’ is serving summer in pink with a vibrant lineup of iced beverages. From the all-new Pink Pineapple and Pink Daydream Refreshers to a collaboration with Barbie®, the iconic fashion doll and cultural icon from Mattel, Inc. (NASDAQ: MAT), Dunkin’ invites guests to sip their way through a collection that brings its signature color to life in new ways all season long.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260603382928/en/

Dunkin' is teaming up with ultimate pink icon, Barbie, to introduce Barbie Pink Strawberry Cold Foam – a limited-time topper that adds a playful pink finish and sweet, creamy strawberry flavor to a variety of iced beverages.

Serving Pink, On and Off the Menu

To kick off the season, Dunkin’ is teaming up with ultimate pink icon, Barbie, to introduce Barbie Pink Strawberry Cold Foam – a limited-time topper that adds a playful pink finish and sweet, creamy strawberry flavor to a variety of iced beverages. The collaboration extends beyond the menu with all-new content, including a stop-motion video featuring Barbie “Brooklyn” Roberts and Barbie “Malibu” Roberts saving Ken from himself after tasting the Barbie Pink Strawberry Cold Foam during a Dunkin’ run.

Guests can enjoy Barbie Pink Strawberry Cold Foam across Dunkin’s lineup of pink sips, including:

Ultimate Pink Daydream Refresher: Pink Pineapple flavors with oatmilk, finished with Barbie Pink Strawberry Cold Foam for a smooth, creamy sip. Double Strawberry Daydream Refresher: Strawberry Dragonfruit flavors blended with oatmilk and topped with Barbie Pink Strawberry Cold Foam for a double-berry twist. Pink Mango Daydream Refresher: Mango Pineapple flavors mixed with oatmilk and finished with Barbie Pink Strawberry Cold Foam for a bright, fruity flavor. Pink Cherry Daydream Refresher: Black Cherry flavors combined with oatmilk and layered with Barbie Pink Strawberry Cold Foam for a tart, creamy pairing. Strawberry Cloud Matcha: Creamy sweetened Matcha with vanilla flavors and topped with Barbie Pink Strawberry Cold Foam. Strawberries & Creme Cloud Dunkalatte: The creamy combination of espresso, coffee milk and vanilla flavors, topped with Barbie Pink Strawberry Cold Foam. Almond Strawberry Shortcake Iced Coffee: Original Blend iced coffee paired with French vanilla and toasted almond flavors, topped with Barbie Pink Strawberry Cold Foam. Dunkin’ is also introducing the new Pink Pineapple Refresher – a light pink iced beverage with bright notes of pineapple, raspberry and hibiscus flavors. With a variety of bases (green tea, black tea, lemonade, oatmilk, protein milk or sparkling water), along with flavor combos and sweetness levels, guests can customize their Refresher to be as bold, bubbly, creamy or tart as they like.

Beginning June 10, Dunkin’ will debut a Barbie DreamHouse™ inspired store takeover in New York City, transforming a Manhattan Dunkin’ into a must-visit pink destination throughout June, where guests can step inside, snap photos and enjoy their favorite pink sips. Follow along at @Dunkin, @Barbie and @BarbieStyle for more details.

“Pink has always been part of Dunkin’s DNA, and this summer we’re taking it further than ever – bold, fun and unmistakably Dunkin’,” said Jill Nelson, Chief Marketing Officer at Dunkin’. “From the Barbie collaboration to our lineup of pink sips and unexpected brand moments, we’re showing up in a way that feels fresh, joyful and distinctly pink all season long.”

“Barbie has always had a way of showing up at the center of culture and igniting conversations across generations that inspire nostalgia, creativity, and connection all at once,” said Mahta Eghbali, Vice President of Strategic Alliances and Partnerships, Mattel. “Partnering with Dunkin’ gave us a playful, everyday way to bring that spirit to life, turning a coffee or beverage run into a fun summer ritual guests can share with friends. We created a summer moment rooted in self-expression and the joy of being together.”

Guests can also purchase the Barbie Pink Pineapple Cup, as seen in the latest spot, on June 12 at participating Dunkin’ locations, while supplies last.

New Sweet & Savory Additions

Dunkin’ is rounding out the menu with a sweet Rocket Pop Classic Donut alongside new savory additions – the Golden BBQ Hash Brown Wake-Up Wrap®and Golden BBQ Loaded Hash Browns.

Rocket Pop Classic Donut: Yeast shell filled with cherry, lime and raspberry flavored “Rocket Pop” buttercreme, topped with blue icing and a stars & stripes sprinkle blend. Golden BBQ Hash Brown Wake-Up Wrap®: Bacon, egg, and American cheese wrapped up with three hash browns and Golden BBQ sauce for a sweet and tangy breakfast. Golden BBQ Loaded Hash Browns: A bowl of nine hash browns drizzled with a sweet and tangy Golden BBQ sauce and topped with crumbled bacon. Dunkin’ is also introducing a new $6 Meal Deal* featuring any two Wake-Up Wrap® sandwiches and a medium hot or iced coffee (14 oz. or 24 oz.).

Exclusive Offers for Dunkin’ Rewards® Members

Dunkin’ Rewards members have even more reasons to run to Dunkin’ this summer with limited-time offers, including:

June 11: Receive $1 off any Cold Foam beverage purchase** June 16 – June 17: Earn 4x points on any beverage purchase*** June 20 – June 21: Earn 100 bonus points when you order at the drive-thru or order ahead through the app†June 23 – June 25: Earn 3x points on Refreshers to celebrate National Pink Day, with Boosted Members earning 4x points††June 27: Earn 4x points on any beverage purchase to celebrate National Pineapple Day†††Mobile Mondays (through June 29): Earn extra points when you order ahead through the app on Monday†††† Dunkin’ will continue to serve pink all summer long, with more drops, surprises and seasonal moments still to come.

*No substitutions. Participation may vary. Limited time offer. Cannot be combined with other offers. Exclusions and terms apply.

**Offer valid 6/11/26. Single-use per member. Offer must be activated on the mobile app. After activation, discount will automatically apply to qualifying mobile order or in store upon scanning your Dunkin' Rewards ID. Valid at participating US Dunkin' stores by Dunkin' Rewards members who order ahead in the Dunkin’ App, scan their Dunkin' Rewards ID at checkout or pay with an enrolled Dunkin' card. Bonus points can be earned on base points only. Cannot be combined with any other offer, promotion, or coupon. For full rewards program terms, please visit dunkindonuts.com/terms

***Offer valid 6/16/26-6/17/26. Single-use per member per day. Offer must be activated on the mobile app. After activation, discount will automatically apply to qualifying mobile order or in store upon scanning your Dunkin' Rewards ID. Valid at participating US Dunkin' stores by Dunkin' Rewards members who order ahead in the Dunkin’ App, scan their Dunkin' Rewards ID at checkout or pay with an enrolled Dunkin' card. Bonus points can be earned on base points only. Cannot be combined with any other offer, promotion, or coupon. For full rewards program terms, please visit dunkindonuts.com/terms.

†Offer valid 6/20/26-6/21/26. Single-use per member per day. Offer valid at participating US Dunkin' stores by Dunkin' Rewards members who order ahead in the Dunkin’ App or at the drive-thru by scanning their Dunkin' Rewards ID at checkout or paying with an enrolled Dunkin' card. Bonus points are provided on base points only. No substitutions allowed. No cash refunds. Cannot be combined with any other offer, promotion or coupon. For full rewards program terms, please visit dunkindonuts.com/terms.

††Offer valid 6/23/26-6/25/26. Excludes lemonade, limeade, and Dunkin’ Zero. Offer must be activated on the mobile app. After activation, bonus will automatically apply to qualifying mobile order or in store upon scanning your Dunkin' Rewards ID. Valid at participating US Dunkin' stores by Dunkin' Rewards members who order ahead in the Dunkin’ App, scan their Dunkin' Rewards ID at checkout or pay with an enrolled Dunkin' card. Bonus points can be earned on base points only. Cannot be combined with any other offer, promotion, or coupon. For full rewards program terms, please visit dunkindonuts.com/terms.

†††Offer valid 6/27/26. Single-use per member. Offer must be activated on the mobile app. After activation, discount will automatically apply to qualifying mobile order or in store upon scanning your Dunkin' Rewards ID. Valid at participating US Dunkin' stores by Dunkin' Rewards members who order ahead in the Dunkin’ App, scan their Dunkin' Rewards ID at checkout or pay with an enrolled Dunkin' card. Bonus points can be earned on base points only. Cannot be combined with any other offer, promotion, or coupon. For full rewards program terms, please visit dunkindonuts.com/terms.

††††Offer valid each Monday through 6/29 for [targeted Rewards member]. Single-use per member per Monday. Offer must be activated in the mobile app. Bonus points can only be earned on eligible purchases made during the promo period by rewards members who order ahead on the Dunkin’ App. Valid in participating Dunkin' stores. For full Rewards Program terms, please visit dunkindonuts.com/terms.

About Dunkin’

Dunkin’, founded in 1950, is the largest coffee and donuts brand in the United States, with more than 14,200 restaurants in nearly 40 global markets. Dunkin’ is part of the Inspire Brands family of restaurants. For more information, visit DunkinDonuts.com and InspireBrands.com.

About Mattel

Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

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