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

The Magnum Ice Cream Company N.V. (NYSE:MICC) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company.

Several research analysts recently issued reports on MICC shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Magnum Ice Cream in a report on Wednesday, September 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Wednesday, August 5th. Weiss Ratings raised Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Citigroup began coverage on Magnum Ice Cream in a research note on Tuesday. They set a “neutral” rating for the company. Finally, Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th.

Magnum Ice Cream Stock Up 0.7%

MICC opened at $18.93 on Friday. Magnum Ice Cream has a 12-month low of $12.94 and a 12-month high of $20.68. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.01 and a quick ratio of 0.78. The firm has a 50 day moving average of $19.14 and a two-hundred day moving average of $16.92.

Magnum Ice Cream (NYSE:MICC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.41 EPS for the quarter. The business had revenue of $2.68 billion during the quarter. On average, equities research analysts expect that Magnum Ice Cream will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. BNP Paribas purchased a new stake in shares of Magnum Ice Cream during the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. purchased a new stake in Magnum Ice Cream during the 4th quarter valued at about $28,000. Leonteq Securities AG purchased a new stake in Magnum Ice Cream during the 4th quarter valued at about $30,000. Larson Financial Group LLC acquired a new stake in Magnum Ice Cream in the 4th quarter valued at about $37,000. Finally, Banque Cantonale Vaudoise purchased a new position in Magnum Ice Cream in the 1st quarter worth approximately $37,000.

Magnum Ice Cream Company Profile

The Magnum Ice Cream Company N.V. is a global ice cream company formed through the separation of Unilever’s ice cream business. The company develops, manufactures and markets branded ice cream products for retail, foodservice and other distribution channels.

Its portfolio includes Magnum, Ben & Jerry’s, Wall’s, Cornetto, Solero, Carte d’Or, Viennetta and Breyers, among other regional and local brands. Products include ice cream tubs, cones, sticks, sandwiches and other frozen desserts.

The company serves consumers across multiple international markets through a combination of owned operations, manufacturing facilities and distribution partners.