Barings LLC Makes New Investment in The Magnum Ice Cream Company N.V. $MICC

Barings LLC bought a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 33,796 shares of the company’s stock, valued at approximately $535,000.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas bought a new position in shares of Magnum Ice Cream during the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new position in Magnum Ice Cream in the fourth quarter worth $28,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Magnum Ice Cream during the fourth quarter worth $30,000. Leonteq Securities AG acquired a new position in shares of Magnum Ice Cream in the 4th quarter valued at about $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $33,000.

Magnum Ice Cream Trading Up 1.7%

Shares of Magnum Ice Cream stock opened at $18.06 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’s fifty day moving average is $15.17.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MICC. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Weiss Ratings lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Finally, BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. One investment 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’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Magnum Ice Cream Company 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.