The Magnum Ice Cream Company N.V. (NYSE:MICC) Receives Consensus Rating of “Hold” from Analysts

The Magnum Ice Cream Company N.V. (NYSE:MICC) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company.

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Wednesday, August 5th. Finally, Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th.

Institutional Investors Weigh In On Magnum Ice Cream

Several institutional investors have recently added to or reduced their stakes in the business. Camelot Portfolios LLC acquired a new position in Magnum Ice Cream in the second quarter valued at approximately $780,000. Van ECK Associates Corp acquired a new stake in Magnum Ice Cream during the second quarter worth approximately $3,862,000. Boussard & Gavaudan Gestion Sas acquired a new stake in Magnum Ice Cream during the second quarter worth approximately $3,598,000. Jefferies Financial Group Inc. purchased a new stake in shares of Magnum Ice Cream during the 2nd quarter worth approximately $378,000. Finally, Corient Private Wealth LP lifted its position in shares of Magnum Ice Cream by 9.6% during the 2nd quarter. Corient Private Wealth LP now owns 35,618 shares of the company’s stock worth $620,000 after buying an additional 3,109 shares during the last quarter.

Magnum Ice Cream Price Performance

Shares of Magnum Ice Cream stock opened at $19.96 on Monday. Magnum Ice Cream has a one year low of $12.94 and a one year high of $20.10. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.01 and a quick ratio of 0.78. The business has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $16.59.

Magnum Ice Cream (NYSE:MICC) last released its earnings results on Thursday, July 30th. The company reported $0.41 earnings per share for the quarter. The firm had revenue of $2.68 billion for the quarter. On average, sell-side analysts forecast that Magnum Ice Cream will post 1.1 earnings per share for the current year.

About Magnum Ice Cream

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.