M&T Bank Corp Invests $836,000 in The Magnum Ice Cream Company N.V. $MICC

M&T Bank Corp acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, HoldingsChannel reports. The firm acquired 52,717 shares of the company’s stock, valued at approximately $836,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. purchased a new stake in shares of Magnum Ice Cream in the fourth quarter worth approximately $344,031,000. UBS Group AG purchased a new stake in shares of Magnum Ice Cream in the fourth quarter worth approximately $97,064,000. Rathbones Group PLC purchased a new stake in shares of Magnum Ice Cream in the fourth quarter worth approximately $32,931,000. Ninety One UK Ltd purchased a new stake in shares of Magnum Ice Cream in the fourth quarter worth approximately $7,710,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Magnum Ice Cream in the fourth quarter worth approximately $5,807,000.

Magnum Ice Cream Price Performance

Shares of MICC opened at $14.82 on Monday. The firm’s 50 day simple moving average is $14.69. The Magnum Ice Cream Company N.V. has a 12 month low of $12.94 and a 12 month high of $19.93.

Analyst Upgrades and Downgrades

MICC has been the subject of a number of research analyst reports. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Oddo Bhf initiated coverage on Magnum Ice Cream in a research report on Thursday, January 15th. They set an “outperform” rating for the company. Weiss Ratings downgraded Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. Finally, The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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.