USS Investment Management Ltd Acquires New Shares in The Magnum Ice Cream Company N.V. $MICC

USS Investment Management Ltd acquired a new stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 631,865 shares of the company’s stock, valued at approximately $10,007,000. USS Investment Management Ltd owned approximately 0.10% of Magnum Ice Cream as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $344,031,000. First Eagle Investment Management LLC bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $260,541,000. Norges Bank bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $173,632,000. Barclays PLC bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $156,326,000. Finally, M&G PLC bought a new stake in shares of Magnum Ice Cream in the 4th quarter valued at $129,184,000.

Magnum Ice Cream Price Performance

MICC stock opened at $17.79 on Tuesday. The business’s 50-day moving average price is $15.31. The Magnum Ice Cream Company N.V. has a 1 year low of $12.94 and a 1 year high of $19.93.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MICC shares. Berenberg Bank upgraded Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. The Goldman Sachs Group cut Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. BNP Paribas Exane cut Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Zacks Research upgraded Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings cut Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

About Magnum Ice Cream

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.