Mediolanum International Funds Ltd Makes New $685,000 Investment in The Magnum Ice Cream Company N.V. $MICC

Mediolanum International Funds Ltd bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,848 shares of the company’s stock, valued at approximately $685,000.

A number of other institutional investors also recently made changes to their positions in the business. BNP Paribas purchased a new position in Magnum Ice Cream in the 4th quarter worth $27,000. Cullen Frost Bankers Inc. bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at about $30,000. Leonteq Securities AG purchased a new position in shares of Magnum Ice Cream in the fourth quarter worth about $30,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Magnum Ice Cream in the fourth quarter worth about $33,000.

Magnum Ice Cream Stock Performance

Shares of MICC opened at $17.89 on Wednesday. The business has a 50-day moving average of $17.25. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 5.23. The Magnum Ice Cream Company N.V. has a one year low of $12.94 and a one year high of $19.93.

Analyst Ratings Changes

MICC has been the subject of several analyst reports. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Morgan Stanley reissued an “overweight” rating on shares of Magnum Ice Cream in a research note on Monday, June 29th. Finally, Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

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.