Capital International Investors Invests $999,000 in The Magnum Ice Cream Company N.V. $MICC

Capital International Investors acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,868 shares of the company’s stock, valued at approximately $999,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $344,031,000. First Eagle Investment Management LLC bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $260,541,000. Norges Bank bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $173,632,000. UBS Group AG bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $97,064,000. Finally, Flossbach Von Storch SE bought a new stake in shares of Magnum Ice Cream in the fourth quarter worth $88,603,000.

Magnum Ice Cream Stock Performance

NYSE MICC opened at $17.44 on Wednesday. The stock’s fifty day moving average price is $15.05. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93.

Wall Street Analyst Weigh In

MICC has been the topic of a number of research reports. 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. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.