Barings LLC Makes New Investment in The Magnum Ice Cream Company N.V. $MICC

Barings LLC bought a new stake in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, Holdings Channel reports. The firm bought 33,796 shares of the company’s stock, valued at approximately $535,000.

Several other institutional investors and hedge funds have also modified their holdings of MICC. UBS Group AG acquired a new stake in Magnum Ice Cream during the fourth quarter valued at $97,064,000. Generali Asset Management SPA SGR acquired a new position in Magnum Ice Cream in the 4th quarter worth about $1,644,000. Ruffer LLP purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $5,398,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth about $5,807,000. Finally, ASR Vermogensbeheer N.V. acquired a new stake in shares of Magnum Ice Cream during the 4th quarter valued at about $3,156,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings downgraded Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. 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. Finally, BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Magnum Ice Cream has a consensus rating of “Reduce”.

Magnum Ice Cream Stock Performance

MICC stock opened at $18.06 on Friday. The business’s 50-day moving average price is $15.17. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month 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.