The Magnum Ice Cream Company N.V. $MICC Shares Sold by M&G PLC

Key Points

• M&G PLC cut its Magnum Ice Cream stake by 12.9% in the third quarter, selling about 1.97 million shares. It retained 13.28 million shares, valued at roughly $240.7 million.
• Institutional investors’ moves were mixed: Pzena, Bank of America and Swiss National Bank increased holdings, while Flossbach Von Storch and Amundi established new positions.
• Analyst sentiment is largely cautious, with eight Hold ratings among ten analysts and an overall MarketBeat rating of Hold; Morgan Stanley recently downgraded the stock to Equal Weight.

M&G PLC decreased its holdings in The Magnum Ice Cream Company N.V. (NYSE:MICC - Free Report) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,276,469 shares of the company's stock after selling 1,967,599 shares during the quarter. Magnum Ice Cream makes up approximately 1.2% of M&G PLC's holdings, making the stock its 22nd largest holding. M&G PLC owned 2.17% of Magnum Ice Cream worth $240,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of MICC. Flossbach Von Storch SE acquired a new stake in shares of Magnum Ice Cream in the second quarter worth approximately $218,507,000. Amundi purchased a new stake in shares of Magnum Ice Cream during the 1st quarter valued at $53,720,000. Pzena Investment Management LLC increased its holdings in shares of Magnum Ice Cream by 6.2% during the 3rd quarter. Pzena Investment Management LLC now owns 14,014,899 shares of the company's stock worth $249,185,000 after buying an additional 815,283 shares during the last quarter. Bank of America Corp DE grew its position in Magnum Ice Cream by 14.4% during the second quarter. Bank of America Corp DE now owns 4,393,528 shares of the company's stock valued at $76,491,000 after acquiring an additional 553,262 shares during the period. Finally, Swiss National Bank grew its position in Magnum Ice Cream by 26.4% during the first quarter. Swiss National Bank now owns 1,695,991 shares of the company's stock valued at $24,854,000 after acquiring an additional 354,523 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Magnum Ice Cream in a report on Wednesday, September 9th. Jefferies Financial Group restated a "hold" rating on shares of Magnum Ice Cream in a report on Tuesday, October 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Magnum Ice Cream in a research report on Wednesday, October 28th. Morgan Stanley downgraded shares of Magnum Ice Cream from an "overweight" rating to an "equal weight" rating in a research note on Friday. Finally, Citigroup began coverage on shares of Magnum Ice Cream in a research note on Tuesday, September 15th. They issued a "neutral" rating on the stock. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

Magnum Ice Cream Trading Up 1.3%

MICC stock opened at $19.68 on Tuesday. 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 1 year low of $12.94 and a 1 year high of $20.68. The stock has a 50-day simple moving average of $18.92 and a 200-day simple moving average of $17.30.

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.

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