2,078,454 Shares in The Magnum Ice Cream Company N.V. $MICC Purchased by Rathbones Group PLC

Rathbones Group PLC purchased a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,078,454 shares of the company’s stock, valued at approximately $32,931,000. Rathbones Group PLC owned about 0.34% of Magnum Ice Cream as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Magnum Ice Cream during the fourth quarter worth about $28,000. Bartlett & CO. Wealth Management LLC purchased a new position in Magnum Ice Cream during the fourth quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in Magnum Ice Cream during the fourth quarter worth about $33,000. Larson Financial Group LLC purchased a new position in Magnum Ice Cream during the fourth quarter worth about $37,000. Finally, First Pacific Financial purchased a new position in Magnum Ice Cream during the fourth quarter worth about $42,000.

Magnum Ice Cream Stock Up 4.0%

Shares of MICC stock opened at $16.12 on Thursday. The business’s 50 day moving average is $14.66. The Magnum Ice Cream Company N.V. has a 12-month low of $12.94 and a 12-month high of $19.93.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BNP Paribas Exane cut shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. The Goldman Sachs Group cut shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 15th. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Magnum Ice Cream currently has an average rating of “Reduce”.

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.