Mediolanum International Funds Ltd Buys Shares of 45,848 The Magnum Ice Cream Company N.V. $MICC

Mediolanum International Funds Ltd bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 45,848 shares of the company’s stock, valued at approximately $685,000.

A number of other large investors have also recently made changes to their positions in the stock. UBS Group AG bought a new stake in shares of Magnum Ice Cream during the fourth quarter valued at about $97,064,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $5,807,000. Generali Asset Management SPA SGR bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at approximately $1,644,000. Ruffer LLP purchased a new position in Magnum Ice Cream during the fourth quarter valued at approximately $5,398,000. Finally, ASR Vermogensbeheer N.V. purchased a new position in Magnum Ice Cream during the fourth quarter valued at approximately $3,156,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Finally, BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Magnum Ice Cream currently has a consensus rating of “Hold”.

Magnum Ice Cream Stock Performance

MICC stock opened at $17.89 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 5.23. The stock has a 50 day moving average of $17.25. The Magnum Ice Cream Company N.V. has a 1-year low of $12.94 and a 1-year high of $19.93.

Magnum Ice Cream Company 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.