Beutel Goodman & Co Ltd. Sells 31,309 Shares of The Magnum Ice Cream Company N.V. $MICC

Beutel Goodman & Co Ltd. trimmed its stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 3.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 762,988 shares of the company’s stock after selling 31,309 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in Magnum Ice Cream were worth $13,565,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MICC. Flossbach Von Storch SE bought a new position in shares of Magnum Ice Cream during the 2nd quarter worth approximately $218,507,000. Amundi acquired a new stake in Magnum Ice Cream in the first quarter valued at approximately $53,720,000. Pzena Investment Management LLC grew its holdings in Magnum Ice Cream by 6.2% in the third quarter. Pzena Investment Management LLC now owns 14,014,899 shares of the company’s stock worth $249,185,000 after purchasing an additional 815,283 shares during the last quarter. Bank of America Corp DE grew 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 worth $76,491,000 after purchasing an additional 553,262 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Magnum Ice Cream by 26.4% in the first quarter. Swiss National Bank now owns 1,695,991 shares of the company’s stock worth $24,854,000 after purchasing an additional 354,523 shares during the last quarter.

Magnum Ice Cream Trading Up 1.3%

NYSE MICC opened at $19.68 on Tuesday. The stock has a 50-day simple moving average of $18.92 and a two-hundred day simple moving average of $17.30. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 3.10. The Magnum Ice Cream Company N.V. has a fifty-two week low of $12.94 and a fifty-two week high of $20.68.

Wall Street Analysts Forecast Growth

MICC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Magnum Ice Cream in a research note on Wednesday, September 9th. Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a report on Tuesday, October 6th. Citigroup assumed coverage on Magnum Ice Cream in a research note on Tuesday, September 15th. They set a “neutral” rating on the stock. Morgan Stanley downgraded shares of Magnum Ice Cream from an “overweight” rating to an “equal weight” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Magnum Ice Cream in a research report on Wednesday, October 28th. 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 stock. According to data from MarketBeat.com, Magnum Ice Cream presently has a consensus rating of “Hold”.

Magnum Ice Cream Profile

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.