The Magnum Ice Cream Company N.V. (MICC) – What Are Brokerages Saying About This Stock?

The Magnum Ice Cream Company N.V. (NYSE:MICC) has received an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company.

MICC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Magnum Ice Cream in a research report on Wednesday, September 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research note on Tuesday, October 6th. Citigroup assumed coverage on Magnum Ice Cream in a research report on Tuesday, September 15th. They set a “neutral” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Magnum Ice Cream in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th.

Hedge Funds Weigh In On Magnum Ice Cream

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its position in shares of Magnum Ice Cream by 8.2% in the second quarter. QRG Capital Management Inc. now owns 11,093 shares of the company’s stock worth $193,000 after buying an additional 844 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Magnum Ice Cream by 2.9% during the first quarter. Public Employees Retirement System of Ohio now owns 41,816 shares of the company’s stock valued at $612,000 after buying an additional 1,159 shares during the last quarter. Keybank National Association OH grew its holdings in Magnum Ice Cream by 11.2% during the 1st quarter. Keybank National Association OH now owns 13,761 shares of the company’s stock valued at $206,000 after buying an additional 1,387 shares in the last quarter. Mather Group LLC. grew its holdings in Magnum Ice Cream by 106.9% during the 3rd quarter. Mather Group LLC. now owns 3,149 shares of the company’s stock valued at $56,000 after buying an additional 1,627 shares in the last quarter. Finally, Credit Industriel ET Commercial grew its holdings in Magnum Ice Cream by 144.4% during the 1st quarter. Credit Industriel ET Commercial now owns 2,957 shares of the company’s stock valued at $43,000 after buying an additional 1,747 shares in the last quarter.

Magnum Ice Cream Price Performance

NYSE:MICC opened at $18.82 on Tuesday. Magnum Ice Cream has a one year low of $12.94 and a one year high of $20.68. The business has a fifty day moving average price of $19.00 and a 200-day moving average price of $17.39. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.78 and a current ratio of 1.01.

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 company had revenue of $2.68 billion for the quarter. Analysts anticipate that Magnum Ice Cream will post 1.11 earnings per share for the current fiscal year.

About Magnum Ice Cream

Magnum Ice Cream N.V. is a global ice cream company formed through the separation of Unilever’s ice cream business. The company develops, manufactures and markets packaged ice cream products across multiple categories, including indulgent treats, family ice cream and everyday refreshment products.

Its portfolio includes well-known brands such as Magnum, Wall’s, Ben & Jerry’s, Cornetto, Carte d’Or, Solero and Breyers, although brand availability varies by market. Products are sold through retail, convenience, food-service and other distribution channels in markets around the world.

Magnum Ice Cream is headquartered in Amsterdam, the Netherlands.