The Magnum Ice Cream Company N.V. (MICC) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts hold a mixed but generally cautious view of Magnum Ice Cream, with an average “Hold” rating from 10 analysts: seven holds, two buys and one sell.
• Institutional investors have shown interest, with First Eagle increasing its stake and several major funds—including Flossbach von Storch, Barclays and Pzena—taking new positions.
• Shares opened at $17.80, within a $12.94–$20.68 12-month range. The company reported quarterly EPS of $0.41 on $2.68 billion in revenue, while analysts expect $1.11 in full-year EPS.

The Magnum Ice Cream Company N.V. (NYSE:MICC - Get Free Report) has received an average rating of "Hold" from the ten analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company.

Several analysts have recently commented on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of Magnum Ice Cream in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a "hold" rating on shares of Magnum Ice Cream in a report on Tuesday, October 6th. Citigroup began coverage on Magnum Ice Cream in a research report on Tuesday, September 15th. They issued a "neutral" rating for the company. Weiss Ratings upgraded Magnum Ice Cream from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Magnum Ice Cream in a research note on Wednesday, September 9th.

Hedge Funds Weigh In On Magnum Ice Cream

Large investors have recently modified their holdings of the business. First Eagle Investment Management LLC raised its stake in Magnum Ice Cream by 1.4% in the second quarter. First Eagle Investment Management LLC now owns 23,021,501 shares of the company's stock valued at $400,636,000 after buying an additional 312,157 shares in the last quarter. Flossbach Von Storch SE acquired a new position in shares of Magnum Ice Cream during the 2nd quarter worth about $218,507,000. Barclays PLC acquired a new position in shares of Magnum Ice Cream during the 4th quarter worth about $156,326,000. Pzena Investment Management LLC acquired a new position in shares of Magnum Ice Cream during the 1st quarter worth about $105,191,000. Finally, Madison Avenue Partners LP purchased a new position in shares of Magnum Ice Cream in the 4th quarter valued at about $101,904,000.

Magnum Ice Cream Stock Up 3.0%

Magnum Ice Cream stock opened at $17.80 on Tuesday. Magnum Ice Cream has a 12-month low of $12.94 and a 12-month high of $20.68. The company has a 50-day moving average price of $19.05 and a 200 day moving average price of $17.26. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.78 and a current ratio of 1.01.

Magnum Ice Cream (NYSE:MICC - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The firm had revenue of $2.68 billion for the quarter. As a group, analysts expect that Magnum Ice Cream will post 1.11 EPS for the current fiscal year.

Magnum Ice Cream Company Profile

Magnum Ice Cream Company N.V. is a global ice cream business headquartered in Amsterdam, the Netherlands. The company was established as an independent business following the separation of Unilever's ice cream operations and is listed on the New York Stock Exchange under the symbol MICC.

Its portfolio includes Magnum, Wall's, Ben & Jerry's, Cornetto, Carte D'Or, Solero, Viennetta, Breyers and Talenti, among other regional and local brands. Products span ice cream tubs, sticks, cones, sandwiches and other frozen desserts, sold through grocery retailers, convenience stores, food-service outlets and other distribution channels.

The company serves consumers across multiple regions, including Europe, North America, Latin America and parts of Asia-Pacific.

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