Temasek Holdings Private Ltd Makes New Investment in The Magnum Ice Cream Company N.V. $MICC

Temasek Holdings Private Ltd bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 79,000 shares of the company’s stock, valued at approximately $1,252,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $344,031,000. First Eagle Investment Management LLC bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $260,541,000. Norges Bank bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $173,632,000. Barclays PLC bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $156,326,000. Finally, M&G PLC bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $129,184,000.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MICC. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. 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. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Magnum Ice Cream Stock Performance

Shares of MICC stock opened at $17.79 on Tuesday. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93. The business’s fifty day moving average is $15.31.

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.