Norges Bank Makes New Investment in The Magnum Ice Cream Company N.V. $MICC

Norges Bank acquired a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 10,906,091 shares of the company’s stock, valued at approximately $173,632,000. Norges Bank owned approximately 1.78% of Magnum Ice Cream at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in Magnum Ice Cream during the 4th quarter worth approximately $344,031,000. First Eagle Investment Management LLC purchased a new stake in Magnum Ice Cream during the 4th quarter worth approximately $260,541,000. UBS Group AG purchased a new stake in Magnum Ice Cream during the 4th quarter worth approximately $97,064,000. Flossbach Von Storch SE purchased a new stake in Magnum Ice Cream during the 4th quarter worth approximately $88,603,000. Finally, Legal & General Group Plc purchased a new stake in Magnum Ice Cream during the 4th quarter worth approximately $87,118,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MICC. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. BNP Paribas Exane lowered Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings lowered Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. Finally, The Goldman Sachs Group lowered Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Magnum Ice Cream Stock Performance

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 firm has a 50 day simple moving average of $14.86.

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.