Barclays PLC Makes New $156.33 Million Investment in The Magnum Ice Cream Company N.V. $MICC

Barclays PLC purchased a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,862,859 shares of the company’s stock, valued at approximately $156,326,000.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new position in Magnum Ice Cream during the fourth quarter worth $344,031,000. First Eagle Investment Management LLC purchased a new position in Magnum Ice Cream during the fourth quarter worth $260,541,000. Norges Bank purchased a new position in Magnum Ice Cream during the fourth quarter worth $173,632,000. M&G PLC purchased a new position in Magnum Ice Cream during the fourth quarter worth $129,184,000. Finally, UBS Group AG purchased a new position in Magnum Ice Cream during the fourth quarter worth $97,064,000.

Wall Street Analysts Forecast Growth

MICC has been the subject of several recent research reports. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings cut Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Magnum Ice Cream currently has an average rating of “Reduce”.

Magnum Ice Cream Stock Performance

MICC stock opened at $17.79 on Tuesday. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93. The business’s fifty day simple moving average is $15.31.

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.