DekaBank Deutsche Girozentrale Buys Shares of 74,904 The Magnum Ice Cream Company N.V. $MICC

DekaBank Deutsche Girozentrale bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 74,904 shares of the company’s stock, valued at approximately $1,067,000.

A number of other large investors have also recently made changes to their positions in the stock. FIL Ltd purchased a new position in shares of Magnum Ice Cream in the fourth quarter valued at $360,762,000. Vanguard Group Inc. purchased a new stake in Magnum Ice Cream during the 4th quarter worth about $344,031,000. First Eagle Investment Management LLC bought a new position in Magnum Ice Cream in the 4th quarter worth about $260,541,000. Norges Bank bought a new position in Magnum Ice Cream in the 4th quarter worth about $173,632,000. Finally, Barclays PLC purchased a new position in Magnum Ice Cream during the 4th quarter valued at about $156,326,000.

Wall Street Analyst Weigh In

MICC has been the topic of several analyst reports. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Magnum Ice Cream Price Performance

NYSE:MICC opened at $18.69 on Monday. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93. The company’s fifty day simple moving average is $17.12. The company has a debt-to-equity ratio of 5.23, a current ratio of 1.02 and a quick ratio of 0.74.

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.