The Magnum Ice Cream Company N.V. $MICC Shares Sold by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. reduced its holdings in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 90.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,771 shares of the company’s stock after selling 107,045 shares during the period. ABN AMRO Bank N.V.’s holdings in Magnum Ice Cream were worth $174,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MICC. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a report on Thursday. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Finally, Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Magnum Ice Cream presently has an average rating of “Reduce”.

Magnum Ice Cream Stock Performance

Shares of MICC stock opened at $17.54 on Monday. The business’s 50-day moving average price is $15.78. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93.

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.