Shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $19.94 and last traded at $19.9480, with a volume of 92229 shares. The stock had previously closed at $19.67.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings raised Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.
Get Our Latest Analysis on Magnum Ice Cream
Magnum Ice Cream Price Performance
Magnum Ice Cream (NYSE:MICC – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The business had revenue of $2.68 billion during the quarter. As a group, research analysts forecast that The Magnum Ice Cream Company N.V. will post 1.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MICC. Public Employees Retirement System of Ohio increased its holdings in shares of Magnum Ice Cream by 2.9% during the first quarter. Public Employees Retirement System of Ohio now owns 41,816 shares of the company’s stock valued at $612,000 after acquiring an additional 1,159 shares in the last quarter. Keybank National Association OH grew its position in Magnum Ice Cream by 11.2% during the 1st quarter. Keybank National Association OH now owns 13,761 shares of the company’s stock valued at $206,000 after purchasing an additional 1,387 shares during the last quarter. BNP Paribas purchased a new stake in Magnum Ice Cream during the 4th quarter valued at about $27,000. Credit Industriel ET Commercial increased its stake in Magnum Ice Cream by 144.4% during the 1st quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock valued at $43,000 after purchasing an additional 1,747 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream during the 4th quarter valued at about $28,000.
Magnum Ice Cream Company 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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