Banque Pictet & Cie SA Invests $729,000 in The Magnum Ice Cream Company N.V. $MICC

Banque Pictet & Cie SA acquired a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 45,584 shares of the company’s stock, valued at approximately $729,000.

Separately, Bank Pictet & Cie Europe AG bought a new position in Magnum Ice Cream during the fourth quarter worth $197,000.

Magnum Ice Cream Stock Performance

MICC opened at $14.31 on Friday. The business’s fifty day simple moving average is $16.26. The Magnum Ice Cream Company N.V. has a 1-year low of $14.15 and a 1-year high of $19.93.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MICC shares. The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Research cut shares of Magnum Ice Cream from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Weiss Ratings downgraded Magnum Ice Cream from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Berenberg Bank raised Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Finally, Oddo Bhf started coverage on Magnum Ice Cream in a report on Thursday, January 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company 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.