Groupama Asset Managment Invests $562,000 in The Magnum Ice Cream Company N.V. $MICC

Groupama Asset Managment bought 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 bought 35,444 shares of the company’s stock, valued at approximately $562,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FIL Ltd purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at about $360,762,000. Vanguard Group Inc. purchased a new stake in shares of Magnum Ice Cream in the fourth quarter worth about $344,031,000. First Eagle Investment Management LLC purchased a new stake in shares of Magnum Ice Cream in the fourth quarter worth about $260,541,000. Norges Bank acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $173,632,000. Finally, Barclays PLC acquired a new stake in Magnum Ice Cream during the fourth quarter worth about $156,326,000.

Analyst Upgrades and Downgrades

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

Magnum Ice Cream Stock Down 0.0%

Shares of Magnum Ice Cream stock opened at $16.77 on Friday. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93. The company has a 50-day simple moving average of $15.52.

About Magnum Ice Cream

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.