Convergence Financial LLC bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 26,719 shares of the company’s stock, valued at approximately $475,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Guardian Partners Inc. bought a new position in Magnum Ice Cream in the third quarter valued at approximately $46,000. Credit Industriel ET Commercial boosted its holdings in shares of Magnum Ice Cream by 144.4% in the first quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock valued at $43,000 after buying an additional 1,747 shares during the period. Mather Group LLC. increased its position in shares of Magnum Ice Cream by 106.9% during the third quarter. Mather Group LLC. now owns 3,149 shares of the company’s stock worth $56,000 after acquiring an additional 1,627 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Magnum Ice Cream during the second quarter worth $92,000. Finally, Cardinal Capital Management bought a new stake in shares of Magnum Ice Cream during the third quarter worth $172,000.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Magnum Ice Cream in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research note on Wednesday, September 9th. Citigroup began coverage on Magnum Ice Cream in a report on Tuesday, September 15th. They set a “neutral” rating for the company. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Tuesday, October 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Magnum Ice Cream has a consensus rating of “Hold”.
Check Out Our Latest Analysis on Magnum Ice Cream
Magnum Ice Cream News Summary
Here are the key news stories impacting Magnum Ice Cream this week:
- Positive Sentiment: Q3 revenue increased 12.1% year over year to €2.51 billion, while organic sales growth reached 9.6%, led by 7.3% volume growth and 2.2% pricing. Growth was broad-based across Europe & ANZ, the Americas, and AMEA. Q3 2026 Trading Update
- Positive Sentiment: Management raised its full-year 2026 organic sales-growth outlook to approximately 5.5%, from a prior range of 3% to 5%. The company cited market-share gains, product innovation, improved execution, and strong volume growth. Magnum Ice Cream Company Reports 9.6% Q3 Organic Sales Growth
- Positive Sentiment: The productivity program remains on track, potentially supporting margins and earnings over time. The extended European summer contributed an estimated 2% to 3% of quarterly growth, although the underlying volume performance was also strong. Magnum Ice Cream Q3 Revenue Gains on Year
- Neutral Sentiment: The Q3 trading call reinforced management’s confidence in the company’s brands, innovation pipeline, and execution, but investors may seek further detail on the durability of volume growth and the effect of favorable weather. MICC Q3 2026 Sales Trading Call Transcript
- Negative Sentiment: Reports that Ben & Jerry’s founders are considering a deal to separate the brand from Magnum introduce uncertainty around a prominent business and could raise concerns about brand stability, legal issues, or potential financial costs. This appears to be the main counterweight to the otherwise positive quarterly update. Ben & Jerry’s Founders Reportedly Eye Deal to Pull Brand Out of Magnum
Magnum Ice Cream Trading Down 2.2%
NYSE:MICC opened at $18.88 on Friday. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $20.68. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10. The business has a 50 day moving average price of $18.96 and a two-hundred day moving average price of $17.19.
Magnum Ice Cream (NYSE:MICC – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $2.68 billion during the quarter. Equities analysts predict that The Magnum Ice Cream Company N.V. will post 1.11 earnings per share for the current year.
Magnum Ice Cream Profile
Magnum Ice Cream N.V. is a global ice cream company formed through the separation of Unilever’s ice cream business. The company develops, manufactures and markets packaged ice cream products across multiple categories, including indulgent treats, family ice cream and everyday refreshment products.
Its portfolio includes well-known brands such as Magnum, Wall’s, Ben & Jerry’s, Cornetto, Carte d’Or, Solero and Breyers, although brand availability varies by market. Products are sold through retail, convenience, food-service and other distribution channels in markets around the world.
Magnum Ice Cream is headquartered in Amsterdam, the Netherlands.
Read More
- Five stocks we like better than Magnum Ice Cream
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Want to see what other hedge funds are holding MICC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report).
Receive News & Ratings for Magnum Ice Cream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnum Ice Cream and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
