Wellington Management Group LLP Has $272.22 Million Stock Position in The Magnum Ice Cream Company N.V. $MICC

Wellington Management Group LLP lowered its stake in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 40.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,628,560 shares of the company’s stock after selling 10,475,407 shares during the quarter. Wellington Management Group LLP owned approximately 2.55% of Magnum Ice Cream worth $272,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas acquired a new position in shares of Magnum Ice Cream in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Magnum Ice Cream during the fourth quarter valued at approximately $28,000. Leonteq Securities AG purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at approximately $30,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Magnum Ice Cream in the 4th quarter valued at approximately $35,000. Finally, EDENTREE ASSET MANAGEMENT Ltd acquired a new position in Magnum Ice Cream in the 4th quarter worth approximately $37,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MICC shares. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Magnum Ice Cream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Magnum Ice Cream in a research report on Thursday, June 25th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Magnum Ice Cream in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Magnum Ice Cream Stock Up 0.2%

NYSE MICC opened at $20.22 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 3.10. The Magnum Ice Cream Company N.V. has a 1-year low of $12.94 and a 1-year high of $20.49. The firm’s fifty day simple moving average is $18.67 and its 200-day simple moving average is $16.65.

Magnum Ice Cream (NYSE:MICC) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $2.68 billion for the quarter. Analysts expect that The Magnum Ice Cream Company N.V. will post 1.1 earnings per share for the current fiscal year.

Magnum Ice Cream 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.