Magnum Ice Cream (NYSE:MICC) Stock Rating Lowered by The Goldman Sachs Group

Posted by Defense World Staff on Mar 22nd, 2026

Magnum Ice Cream (NYSE:MICC – Get Free Report) was downgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report released on Friday, MarketBeat Ratings reports.

Several other brokerages have also recently issued reports on MICC. Oddo Bhf initiated coverage on Magnum Ice Cream in a research report on Thursday, January 15th. They issued an “outperform” rating on the stock. Weiss Ratings assumed coverage on shares of Magnum Ice Cream in a research report on Thursday, March 5th. They set a “hold (c)” rating for the company. Zacks Research cut shares of Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Magnum Ice Cream currently has an average rating of “Reduce”.

View Our Latest Research Report on MICC

Magnum Ice Cream Price Performance

Shares of MICC opened at $14.87 on Friday. Magnum Ice Cream has a one year low of $14.45 and a one year high of $19.93. The business has a fifty day moving average price of $16.61.

Hedge Funds Weigh In On Magnum Ice Cream

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FIL Ltd purchased a new stake in Magnum Ice Cream in the fourth quarter worth about $360,762,000. Vanguard Group Inc. purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at about $344,031,000. First Eagle Investment Management LLC purchased a new position in shares of Magnum Ice Cream during the 4th quarter valued at about $260,541,000. Norges Bank bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at approximately $173,632,000. Finally, Barclays PLC purchased a new stake in Magnum Ice Cream in the 4th quarter worth approximately $156,326,000.