Truist Financial Corp Makes New Investment in The Magnum Ice Cream Company N.V. $MICC

Truist Financial Corp acquired a new position in The Magnum Ice Cream Company N.V. (NYSE:MICC) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 101,198 shares of the company’s stock, valued at approximately $1,604,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new position in Magnum Ice Cream in the 4th quarter worth $30,000. V Square Quantitative Management LLC purchased a new position in Magnum Ice Cream in the fourth quarter valued at about $33,000. First Pacific Financial purchased a new position in Magnum Ice Cream in the fourth quarter valued at about $42,000. Maseco LLP purchased a new position in Magnum Ice Cream in the fourth quarter valued at about $42,000. Finally, North Star Investment Management Corp. purchased a new position in Magnum Ice Cream in the fourth quarter valued at about $43,000.

Analysts Set New Price Targets

MICC has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. 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. Berenberg Bank raised shares of Magnum Ice Cream to a “hold” rating in a research report on Friday, February 27th. Oddo Bhf started coverage on shares of Magnum Ice Cream in a research report on Thursday, January 15th. They set an “outperform” rating for the company. Finally, BNP Paribas Exane downgraded shares of Magnum Ice Cream to a “neutral” rating in a research report on Tuesday, April 21st. One 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. According to data from MarketBeat, Magnum Ice Cream has a consensus rating of “Reduce”.

Magnum Ice Cream Stock Performance

Shares of NYSE MICC opened at $15.02 on Friday. The company’s 50 day moving average price is $14.61. The Magnum Ice Cream Company N.V. has a 52-week low of $12.94 and a 52-week high of $19.93.

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.