The Magnum Ice Cream Company N.V. $MICC Stake Trimmed by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. cut its holdings in The Magnum Ice Cream Company N.V. (NYSE:MICC) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 762,988 shares of the company’s stock after selling 31,309 shares during the period. Beutel Goodman & Co Ltd. owned about 0.12% of Magnum Ice Cream worth $13,565,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. QRG Capital Management Inc. raised its holdings in Magnum Ice Cream by 8.2% during the 2nd quarter. QRG Capital Management Inc. now owns 11,093 shares of the company’s stock valued at $193,000 after buying an additional 844 shares during the period. Signaturefd LLC boosted its stake in Magnum Ice Cream by 12.0% during the third quarter. Signaturefd LLC now owns 10,197 shares of the company’s stock worth $181,000 after buying an additional 1,092 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Magnum Ice Cream by 2.9% during the first quarter. Public Employees Retirement System of Ohio now owns 41,816 shares of the company’s stock worth $612,000 after buying an additional 1,159 shares during the period. Mather Group LLC. increased its position in Magnum Ice Cream by 106.9% during the third quarter. Mather Group LLC. now owns 3,149 shares of the company’s stock valued at $56,000 after acquiring an additional 1,627 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in Magnum Ice Cream by 5.6% during the third quarter. Evergreen Capital Management LLC now owns 31,868 shares of the company’s stock valued at $567,000 after acquiring an additional 1,699 shares during the last quarter.

Magnum Ice Cream Trading Up 1.3%

MICC stock opened at $19.68 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 3.10. The business’s fifty day simple moving average is $18.92 and its two-hundred day simple moving average is $17.30. The Magnum Ice Cream Company N.V. has a twelve month low of $12.94 and a twelve month high of $20.68.

Wall Street Analysts Forecast Growth

MICC has been the subject of several analyst reports. Morgan Stanley lowered shares of Magnum Ice Cream from an “overweight” rating to an “equal weight” rating in a report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Magnum Ice Cream in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Magnum Ice Cream in a report on Wednesday, September 9th. Citigroup began coverage on shares of Magnum Ice Cream in a research report on Tuesday, September 15th. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Magnum Ice Cream in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Magnum Ice Cream

Magnum Ice Cream Company is a global ice cream business formed from Unilever’s ice cream division, which became an independent company in 2025. It is headquartered in Amsterdam and serves consumers in markets around the world.

The company’s portfolio includes brands such as Magnum, Ben & Jerry’s, Wall’s, Cornetto, Breyers, Klondike and Talenti. Its products range from packaged ice cream bars and cones to tubs and other frozen desserts.

Peter ter Kulve, who previously led Unilever’s ice cream business, became the company’s chief executive.