The Magnum Ice Cream Company Gains $53.7 Million Stake from Amundi

Asset manager Amundi purchased 3,593,294 shares of The Magnum Ice Cream Company N.V. (NYSE: MICC) in the first quarter, a transaction valued at approximately $53.7 million and raising its holding to 0.59% of the company. The filing also noted recent purchases by other institutional investors, including FIL Ltd, Vanguard Group, First Eagle Investment Management, Norges Bank and Barclays PLC, each adding sizable positions during the fourth quarter.

Analysts have adjusted their ratings on MICC shares, with Weiss Ratings upgrading the stock to a "hold" and Jefferies, Zacks, BNP Paribas Exane and Morgan Stanley issuing mixed recommendations ranging from hold to overweight. The company’s stock opened at $18.63, trading within its 52‑week range of $12.94 to $19.93.

Separately, the company held its Q2 2026 earnings call, where CEO Peter Ter Kulve and CFO Abhijit Bhattacharya presented the first‑half results and outlook to analysts from Barclays, JPMorgan, UBS, BNP Paribas, ING, Deutsche Bank and others. The call highlighted the firm’s ongoing execution of its growth strategy and provided forward‑looking guidance for the remainder of the year.