The Magnum Ice Cream Company N.V. (NYSE:MICC) Given Average Recommendation of “Hold” by Analysts

The Magnum Ice Cream Company N.V. (NYSE:MICC) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company.

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Thursday, June 25th. Weiss Ratings raised Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday, August 5th. Finally, Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th.

Hedge Funds Weigh In On Magnum Ice Cream

A number of institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG bought a new position in shares of Magnum Ice Cream in the fourth quarter valued at $97,064,000. Swiss National Bank increased its position in shares of Magnum Ice Cream by 26.4% during the first quarter. Swiss National Bank now owns 1,695,991 shares of the company’s stock worth $24,854,000 after acquiring an additional 354,523 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $1,644,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Magnum Ice Cream in the 1st quarter worth about $1,067,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $344,031,000.

Magnum Ice Cream Stock Performance

Shares of NYSE MICC opened at $20.22 on Monday. The company’s 50 day moving average price is $18.67 and its 200-day moving average price is $16.65. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.78 and a current ratio of 1.01. Magnum Ice Cream has a 52-week low of $12.94 and a 52-week high of $20.49.

Magnum Ice Cream (NYSE:MICC) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The firm had revenue of $2.68 billion for the quarter. Research analysts forecast that Magnum Ice Cream will post 1.1 EPS for the current year.

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.