Legal & General Group Plc bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,490,568 shares of the company’s stock, valued at approximately $87,118,000. Legal & General Group Plc owned about 0.90% of Magnum Ice Cream as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new position in Magnum Ice Cream in the fourth quarter worth about $8,214,000. Global Retirement Partners LLC bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $69,000. Motco bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $44,000. Leonteq Securities AG bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $30,000. Finally, Rathbones Group PLC bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $32,931,000.
Analysts Set New Price Targets
MICC has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Finally, BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.
Magnum Ice Cream Trading Down 0.8%
Shares of NYSE:MICC opened at $16.25 on Friday. The Magnum Ice Cream Company N.V. has a 12 month low of $12.94 and a 12 month high of $19.93. The business’s 50 day moving average price is $14.76.
About Magnum Ice Cream
The Magnum Ice Cream Company N.V. engages in ice cream business. The Magnum Ice Cream Company N.V. is based in Amsterdam, Noord-Holland, Netherlands.
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