DekaBank Deutsche Girozentrale Invests $1.07 Million in The Magnum Ice Cream Company N.V. $MICC

DekaBank Deutsche Girozentrale purchased a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 74,904 shares of the company’s stock, valued at approximately $1,067,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA purchased a new stake in Magnum Ice Cream during the fourth quarter worth about $3,008,000. Bank Pictet & Cie Europe AG bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at approximately $197,000. Banque Pictet & Cie SA bought a new position in shares of Magnum Ice Cream during the 4th quarter valued at approximately $729,000. Blue Trust Inc. purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth approximately $135,000. Finally, First Pacific Financial purchased a new stake in shares of Magnum Ice Cream during the 4th quarter worth approximately $42,000.

Analysts Set New Price Targets

A number of research firms recently commented on MICC. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a report on Monday, June 29th. Zacks Research raised Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. BNP Paribas Exane downgraded Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a research note on Thursday, June 25th. Finally, Weiss Ratings raised Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Magnum Ice Cream Trading Down 0.0%

Shares of NYSE:MICC opened at $18.69 on Monday. The company has a debt-to-equity ratio of 5.23, a current ratio of 1.02 and a quick ratio of 0.74. The stock’s 50-day simple moving average is $17.12. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $19.93.

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.