This Is Why Magnum Ice Cream Stock (MICC) Soared Today

Magnum Ice Cream (MICC) stock surged on Friday alongside reports that Blackstone (BX) and CD&R are among the investment groups considering a deal for the company. According to insiders, private equity firms are keeping close tabs on the MICC share price before making a move to acquire the ice cream company.

The reports about an offer for Magnum Ice Cream also mention that the private equity firms don’t intend to make an offer for the company until after the summer. That’s because they want to see how well the company performs during the peak season for ice cream sales. Investors will note that Magnum Ice Cream surpassed Wall Street’s estimates in its Q1 2026 earnings report released in April.

Another thing that investors will want to keep in mind about Magnum Ice Cream is that the company hasn’t been on the public market for long. It was a spinoff from Unilever (UL) in late 2025. There’s also been controversy at Magnum Ice Cream, as it holds the Ben & Jerry’s ice cream brand. The founders of this brand have been calling for more control of political messaging, despite pushback from Magnum Ice Cream and previously Unilever.

Magnum Ice Cream Stock Movement Today

Magnum Ice Cream stock was up 12.25% on Friday, extending a 6.37% year-to-date gain. The stock has also increased slightly over the past 12 months.

Trading activity today was elevated, as some 1.5 million shares changed hands, compared to a three-month average daily trading volume of about 1.13 million shares.

Is Magnum Ice Cream Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Magnum Ice Cream is Hold, based on three Buy, five Hold, and a single Sell rating over the past three months. With that comes an average MICC stock price target of $16.77, representing a potential 0.79% downside for the shares.