Kennon Green & Company LLC Makes New Investment in The Magnum Ice Cream Company N.V. $MICC

Kennon Green & Company LLC bought a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 43,195 shares of the company’s stock, valued at approximately $685,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. purchased a new position in Magnum Ice Cream in the fourth quarter worth about $344,031,000. First Eagle Investment Management LLC bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at $260,541,000. Norges Bank bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at $173,632,000. UBS Group AG bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at $97,064,000. Finally, Flossbach Von Storch SE bought a new position in shares of Magnum Ice Cream during the fourth quarter valued at $88,603,000.

Analyst Ratings Changes

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

Magnum Ice Cream Price Performance

Shares of MICC stock opened at $16.72 on Thursday. The business has a 50 day moving average of $14.86. The Magnum Ice Cream Company N.V. has a 52 week low of $12.94 and a 52 week high of $19.93.

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.