Caisse Des Depots ET Consignations Takes $12.42 Million Position in The Magnum Ice Cream Company N.V. $MICC

Key Points

• Caisse Des Depots ET Consignations purchased 776,922 shares of The Magnum Ice Cream Company (NYSE:MICC) in Q4 — a stake worth approximately $12.42 million, representing about 0.13% of the company and roughly 0.3% of the fund's portfolio (its 25th largest holding).
• Analyst coverage is mixed-to-negative: one Buy, two Hold and three Sell ratings with an average rating of "Reduce", including recent downgrades from BNP Paribas Exane, Goldman Sachs and Zacks while Oddo Bhf rates the stock "Outperform."
• The stock recently traded near $14.88, with a 50-day moving average of $14.77 and a 52-week range of $12.94 to $19.93.

Caisse Des Depots ET Consignations purchased a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 776,922 shares of the company's stock, valued at approximately $12,424,000. Magnum Ice Cream comprises about 0.3% of Caisse Des Depots ET Consignations' portfolio, making the stock its 25th largest holding. Caisse Des Depots ET Consignations owned approximately 0.13% of Magnum Ice Cream as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new stake in Magnum Ice Cream in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new stake in Magnum Ice Cream during the fourth quarter worth $33,000. First Pacific Financial purchased a new position in Magnum Ice Cream during the fourth quarter worth approximately $42,000. Maseco LLP purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $42,000. Finally, North Star Investment Management Corp. acquired a new position in Magnum Ice Cream during the fourth quarter worth about $43,000.

Analyst Ratings Changes

A number of research firms have recently issued reports on MICC. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a "neutral" rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Magnum Ice Cream from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. Berenberg Bank upgraded shares of Magnum Ice Cream to a "hold" rating in a research note on Friday, February 27th. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a "neutral" rating to a "sell" rating in a report on Friday, March 20th. Finally, Oddo Bhf began coverage on shares of Magnum Ice Cream in a research note on Thursday, January 15th. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Magnum Ice Cream has an average rating of "Reduce".

Magnum Ice Cream Stock Down 0.4%

NYSE MICC opened at $14.88 on Friday. The stock has a 50 day moving average of $14.77. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93.

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.

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