State Farm Mutual Automobile Insurance Co. Invests $21.83 Million in The Magnum Ice Cream Company N.V. $MICC

State Farm Mutual Automobile Insurance Co. acquired a new position in shares of The Magnum Ice Cream Company N.V. (NYSE:MICC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,377,550 shares of the company’s stock, valued at approximately $21,834,000. State Farm Mutual Automobile Insurance Co. owned 0.22% of Magnum Ice Cream at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MICC. Compagnie Lombard Odier SCmA purchased a new position in shares of Magnum Ice Cream during the 4th quarter worth about $3,008,000. Bank Pictet & Cie Europe AG purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $197,000. Banque Pictet & Cie SA purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $729,000. Blue Trust Inc. purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $135,000. Finally, First Pacific Financial purchased a new position in Magnum Ice Cream in the fourth quarter valued at approximately $42,000.

Magnum Ice Cream Stock Performance

NYSE MICC opened at $16.98 on Tuesday. 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 has a 50 day simple moving average of $15.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BNP Paribas Exane lowered shares of Magnum Ice Cream to a “neutral” rating in a report on Tuesday, April 21st. Zacks Research upgraded shares of Magnum Ice Cream from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lowered shares of Magnum Ice Cream from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Weiss Ratings lowered shares of Magnum Ice Cream from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. Finally, Berenberg Bank upgraded shares of Magnum Ice Cream to a “hold” rating in a report on Friday, February 27th. 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.com, Magnum Ice Cream presently has a consensus rating of “Reduce”.

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.