5,490,568 Shares in The Magnum Ice Cream Company N.V. $MICC Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,490,568 shares of the company’s stock, valued at approximately $87,118,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MICC. Cullen Frost Bankers Inc. bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $28,000. Bartlett & CO. Wealth Management LLC bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $30,000. Leonteq Securities AG bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $33,000. Finally, Larson Financial Group LLC bought a new stake in Magnum Ice Cream during the fourth quarter worth approximately $37,000.

Magnum Ice Cream Trading Down 0.8%

Magnum Ice Cream stock opened at $16.25 on Friday. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93. The business has a 50 day simple moving average of $14.76.

Wall Street Analyst Weigh In

MICC has been the topic of several recent research reports. Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Magnum Ice Cream has an average 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.