Flossbach Von Storch SE Buys New Stake in The Magnum Ice Cream Company N.V. $MICC

Flossbach Von Storch SE purchased a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,556,043 shares of the company’s stock, valued at approximately $218,507,000. Magnum Ice Cream makes up about 1.0% of Flossbach Von Storch SE’s holdings, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas purchased a new position in Magnum Ice Cream in the fourth quarter valued at $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $28,000. Leonteq Securities AG purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $35,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $37,000.

Magnum Ice Cream Stock Up 2.3%

MICC opened at $19.41 on Thursday. The firm’s fifty day simple moving average is $18.29 and its two-hundred day simple moving average is $16.56. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $20.10. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10.

Magnum Ice Cream (NYSE:MICC) last released its earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The company had revenue of $2.68 billion for the quarter. As a group, research analysts predict that The Magnum Ice Cream Company N.V. will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

MICC has been the subject of a number of analyst reports. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings raised Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

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.