Amundi bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,593,294 shares of the company's stock, valued at approximately $53,720,000. Amundi owned 0.59% of Magnum Ice Cream at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. FIL Ltd purchased a new stake in Magnum Ice Cream in the 4th quarter worth $360,762,000. Vanguard Group Inc. acquired a new stake in shares of Magnum Ice Cream in the fourth quarter valued at about $344,031,000. First Eagle Investment Management LLC purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $260,541,000. Norges Bank acquired a new position in shares of Magnum Ice Cream during the 4th quarter worth about $173,632,000. Finally, Barclays PLC purchased a new position in Magnum Ice Cream in the 4th quarter valued at about $156,326,000.
Analysts Set New Price Targets
Several equities research analysts have commented on MICC shares. Weiss Ratings upgraded Magnum Ice Cream from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday. Jefferies Financial Group reiterated a "hold" rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Zacks Research raised Magnum Ice Cream from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 5th. BNP Paribas Exane cut shares of Magnum Ice Cream to a "neutral" rating in a research note on Tuesday, April 21st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Magnum Ice Cream in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold".
Check Out Our Latest Analysis on MICC
Magnum Ice Cream Stock Up 0.1%
Shares of Magnum Ice Cream stock opened at $18.63 on Monday. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93. The company has a fifty day simple moving average of $17.64. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 3.10.
Magnum Ice Cream (NYSE:MICC - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $2.68 billion for the quarter. As a group, sell-side analysts expect that The Magnum Ice Cream Company N.V. will post 1.1 EPS for the current year.
About Magnum Ice Cream
(
Free Report)
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.
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