CenterBook Partners LP lowered its stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC – Free Report) by 12.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 187,026 shares of the company’s stock after selling 26,454 shares during the period. CenterBook Partners LP’s holdings in Magnum Ice Cream were worth $3,325,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC boosted its stake in shares of Magnum Ice Cream by 1.4% in the second quarter. First Eagle Investment Management LLC now owns 23,021,501 shares of the company’s stock worth $400,636,000 after buying an additional 312,157 shares during the last quarter. Pzena Investment Management LLC raised its position in Magnum Ice Cream by 6.2% during the third quarter. Pzena Investment Management LLC now owns 14,014,899 shares of the company’s stock valued at $249,185,000 after acquiring an additional 815,283 shares in the last quarter. Flossbach Von Storch SE purchased a new position in Magnum Ice Cream during the second quarter valued at approximately $218,507,000. Bank of America Corp DE lifted its holdings in Magnum Ice Cream by 14.4% in the second quarter. Bank of America Corp DE now owns 4,393,528 shares of the company’s stock valued at $76,491,000 after acquiring an additional 553,262 shares during the period. Finally, Amundi acquired a new position in Magnum Ice Cream in the first quarter valued at approximately $53,720,000.
Magnum Ice Cream Stock Performance
NYSE MICC opened at $19.38 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 stock has a 50-day moving average of $18.93 and a 200 day moving average of $17.28.
Analyst Upgrades and Downgrades
MICC has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Magnum Ice Cream in a research report on Wednesday, October 28th. Morgan Stanley lowered shares of Magnum Ice Cream from an “overweight” rating to an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Magnum Ice Cream in a research note on Wednesday, September 9th. Citigroup assumed coverage on shares of Magnum Ice Cream in a research note on Tuesday, September 15th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Magnum Ice Cream has an average rating of “Hold”.
Check Out Our Latest Analysis on Magnum Ice Cream
About Magnum Ice Cream
Magnum Ice Cream Company is a global ice cream business formed from Unilever’s ice cream division, which became an independent company in 2025. It is headquartered in Amsterdam and serves consumers in markets around the world.
The company’s portfolio includes brands such as Magnum, Ben & Jerry’s, Wall’s, Cornetto, Breyers, Klondike and Talenti. Its products range from packaged ice cream bars and cones to tubs and other frozen desserts.
Peter ter Kulve, who previously led Unilever’s ice cream business, became the company’s chief executive.
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