Te Ahumairangi Investment Management Ltd bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 111,628 shares of the company’s stock, valued at approximately $1,744,000.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $344,031,000. First Eagle Investment Management LLC purchased a new stake in Magnum Ice Cream in the 4th quarter worth $260,541,000. Norges Bank purchased a new stake in Magnum Ice Cream in the 4th quarter worth $173,632,000. UBS Group AG purchased a new stake in Magnum Ice Cream in the 4th quarter worth $97,064,000. Finally, Deutsche Bank AG purchased a new stake in Magnum Ice Cream in the 4th quarter worth $93,628,000.
Wall Street Analyst Weigh In
MICC has been the subject of several recent analyst reports. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Weiss Ratings lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Finally, BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.
Magnum Ice Cream Price Performance
Shares of NYSE MICC opened at $18.06 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 company’s 50-day simple moving average is $15.17.
Magnum Ice Cream Profile
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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