ABN AMRO Bank N.V. Acquires Shares of 118,816 The Magnum Ice Cream Company N.V. $MICC

ABN AMRO Bank N.V. bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 118,816 shares of the company’s stock, valued at approximately $1,877,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $344,031,000. UBS Group AG purchased a new position in Magnum Ice Cream in the 4th quarter worth approximately $97,064,000. Flossbach Von Storch SE purchased a new position in Magnum Ice Cream in the 4th quarter worth approximately $88,603,000. Rathbones Group PLC bought a new position in Magnum Ice Cream in the 4th quarter valued at approximately $32,931,000. Finally, Caisse Des Depots ET Consignations bought a new position in Magnum Ice Cream in the 4th quarter valued at approximately $12,424,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MICC. Oddo Bhf assumed coverage on Magnum Ice Cream in a report on Thursday, January 15th. They issued an “outperform” rating for the company. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. Finally, Weiss Ratings lowered Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Magnum Ice Cream Stock Up 0.4%

NYSE:MICC opened at $14.86 on Tuesday. The stock has a 50 day moving average of $14.64. The Magnum Ice Cream Company N.V. has a 12 month low of $12.94 and a 12 month high of $19.93.

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.