Kennon Green & Company LLC Invests $685,000 in The Magnum Ice Cream Company N.V. $MICC

Kennon Green & Company LLC bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,195 shares of the company’s stock, valued at approximately $685,000.

Several other institutional investors have also recently made changes to their positions in MICC. Vanguard Group Inc. bought a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $344,031,000. First Eagle Investment Management LLC bought a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $260,541,000. Norges Bank bought a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $173,632,000. UBS Group AG bought a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $97,064,000. Finally, Flossbach Von Storch SE bought a new position in shares of Magnum Ice Cream in the 4th quarter worth approximately $88,603,000.

Magnum Ice Cream Stock Performance

NYSE:MICC opened at $16.72 on Thursday. The Magnum Ice Cream Company N.V. has a one year low of $12.94 and a one year high of $19.93. The business’s 50-day simple moving average is $14.86.

Wall Street Analysts Forecast Growth

MICC has been the topic of several research reports. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research note 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 note 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 note on Monday. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently 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.