State Farm Mutual Automobile Insurance Co. Acquires Shares of 1,377,550 The Magnum Ice Cream Company N.V. $MICC

State Farm Mutual Automobile Insurance Co. acquired a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,377,550 shares of the company’s stock, valued at approximately $21,834,000.

Other large investors also recently bought and sold shares of the company. BNP Paribas acquired a new stake in Magnum Ice Cream in the fourth quarter valued at approximately $27,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth approximately $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth approximately $30,000. Leonteq Securities AG acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth approximately $33,000.

Analyst Upgrades and Downgrades

MICC has been the subject of a number of recent analyst reports. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. 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. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Weiss Ratings downgraded shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Magnum Ice Cream Price Performance

MICC stock opened at $16.98 on Tuesday. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93. The stock’s 50 day moving average is $15.00.

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.