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

Capital International Investors purchased a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 62,868 shares of the company’s stock, valued at approximately $999,000.

Several other large investors also recently modified their holdings of MICC. BNP Paribas bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at about $30,000. Leonteq Securities AG bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at about $30,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at about $33,000.

Magnum Ice Cream Stock Performance

MICC stock opened at $17.44 on Wednesday. The company has a 50-day simple moving average of $15.05. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research 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. 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. 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, BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. One equities research 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, 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.