SEB Asset Management AB acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 160,729 shares of the company’s stock, valued at approximately $2,354,000.
Several other institutional investors also recently modified their holdings of the company. FIL Ltd bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $360,762,000. Vanguard Group Inc. bought a new position in Magnum Ice Cream in the fourth quarter worth $344,031,000. First Eagle Investment Management LLC bought a new position in Magnum Ice Cream in the fourth quarter worth $260,541,000. Norges Bank acquired a new stake in Magnum Ice Cream during the fourth quarter worth $173,632,000. Finally, Barclays PLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth $156,326,000.
Analysts Set New Price Targets
Several brokerages have issued reports on MICC. Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 16th. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Morgan Stanley reiterated an “overweight” rating on shares of Magnum Ice Cream in a research report on Monday, June 29th. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Finally, Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Magnum Ice Cream currently has an average rating of “Hold”.
Magnum Ice Cream Trading Down 1.9%
Shares of Magnum Ice Cream stock opened at $17.73 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 5.23. The stock’s 50-day moving average price is $17.37. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.
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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