The Magnum Ice Cream Company N.V. $MICC Shares Sold by M&G PLC

M&G PLC decreased its position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) by 12.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,276,469 shares of the company’s stock after selling 1,967,599 shares during the period. Magnum Ice Cream makes up about 1.2% of M&G PLC’s investment portfolio, making the stock its 22nd biggest position. M&G PLC’s holdings in Magnum Ice Cream were worth $240,709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Guardian Partners Inc. purchased a new position in Magnum Ice Cream in the 3rd quarter valued at about $46,000. Mather Group LLC. increased its position in shares of Magnum Ice Cream by 106.9% during the third quarter. Mather Group LLC. now owns 3,149 shares of the company’s stock worth $56,000 after acquiring an additional 1,627 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Magnum Ice Cream in the second quarter worth about $92,000. Cardinal Capital Management acquired a new position in shares of Magnum Ice Cream in the third quarter worth about $172,000. Finally, Signaturefd LLC lifted its stake in shares of Magnum Ice Cream by 12.0% in the third quarter. Signaturefd LLC now owns 10,197 shares of the company’s stock worth $181,000 after acquiring an additional 1,092 shares in the last quarter.

Magnum Ice Cream Stock Performance

Shares of MICC stock opened at $19.68 on Tuesday. The Magnum Ice Cream Company N.V. has a one year low of $12.94 and a one year high of $20.68. The company’s 50-day simple moving average is $18.92 and its 200-day simple moving average is $17.30. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10.

Analyst Ratings Changes

Several research firms have issued reports on MICC. Jefferies Financial Group restated a “hold” rating on shares of Magnum Ice Cream in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Magnum Ice Cream in a research note on Wednesday, September 9th. Citigroup assumed coverage on shares of Magnum Ice Cream in a research report on Tuesday, September 15th. They set a “neutral” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Magnum Ice Cream in a research note on Wednesday, October 28th. Finally, Morgan Stanley lowered shares of Magnum Ice Cream from an “overweight” rating to an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

About Magnum Ice Cream

Magnum Ice Cream Company is a global ice cream business formed from Unilever’s ice cream division, which became an independent company in 2025. It is headquartered in Amsterdam and serves consumers in markets around the world.

The company’s portfolio includes brands such as Magnum, Ben & Jerry’s, Wall’s, Cornetto, Breyers, Klondike and Talenti. Its products range from packaged ice cream bars and cones to tubs and other frozen desserts.

Peter ter Kulve, who previously led Unilever’s ice cream business, became the company’s chief executive.