PNC Financial Services Group Inc. Invests $1.38 Million in The Magnum Ice Cream Company N.V. $MICC

PNC Financial Services Group Inc. bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the fourth quarter, Holdings Channel reports. The fund bought 87,248 shares of the company’s stock, valued at approximately $1,383,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $344,031,000. First Eagle Investment Management LLC purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $260,541,000. UBS Group AG purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $97,064,000. Flossbach Von Storch SE purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $88,603,000. Finally, Rathbones Group PLC purchased a new stake in shares of Magnum Ice Cream in the 4th quarter worth about $32,931,000.

Magnum Ice Cream Stock Performance

Magnum Ice Cream stock opened at $16.35 on Friday. The Magnum Ice Cream Company N.V. has a one year low of $12.94 and a one year high of $19.93. The firm’s fifty day simple moving average is $14.74.

Wall Street Analyst Weigh In

MICC has been the topic of a number of recent research reports. BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Zacks Research raised shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Magnum Ice Cream from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Finally, The Goldman Sachs Group downgraded shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Magnum Ice Cream Company 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.