PNC Financial Services Group Inc. Purchases New Stake in The Magnum Ice Cream Company N.V. $MICC

PNC Financial Services Group Inc. purchased a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 87,248 shares of the company’s stock, valued at approximately $1,383,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new stake in Magnum Ice Cream during the 4th quarter valued at $30,000. V Square Quantitative Management LLC bought a new stake in Magnum Ice Cream during the 4th quarter valued at $33,000. Larson Financial Group LLC bought a new stake in Magnum Ice Cream during the 4th quarter valued at $37,000. First Pacific Financial bought a new stake in Magnum Ice Cream during the 4th quarter valued at $42,000. Finally, Maseco LLP bought a new stake in Magnum Ice Cream during the 4th quarter valued at $42,000.

Magnum Ice Cream Price Performance

Shares of NYSE MICC opened at $16.35 on Friday. The Magnum Ice Cream Company N.V. has a 12 month low of $12.94 and a 12 month high of $19.93. The stock has a fifty day moving average of $14.74.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

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.