Amundi Reduces Stake in Celsius Holdings Inc. $CELH

Amundi reduced its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 4.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 388,422 shares of the company’s stock after selling 20,083 shares during the period. Amundi owned about 0.15% of Celsius worth $13,983,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CELH. Westside Investment Management Inc. purchased a new position in Celsius in the first quarter valued at approximately $32,000. Summit Securities Group LLC bought a new stake in shares of Celsius in the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock valued at $37,000 after buying an additional 750 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Celsius by 145.0% during the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company’s stock worth $51,000 after acquiring an additional 844 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Celsius by 62.9% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company’s stock worth $61,000 after acquiring an additional 666 shares during the period. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $56.04 on Wednesday. The company has a 50 day moving average of $51.70 and a 200 day moving average of $41.51. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The stock has a market cap of $14.46 billion, a P/E ratio of 151.46, a P/E/G ratio of 1.26 and a beta of 1.34. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $63.50.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. The business had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The business’s revenue for the quarter was up 83.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. As a group, sell-side analysts forecast that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CELH. Stifel Nicolaus boosted their price objective on Celsius from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Needham & Company LLC boosted their price target on shares of Celsius from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Truist Financial raised their price objective on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen upgraded shares of Celsius from a “hold” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $55.00 in a research note on Monday, June 16th. Finally, Cowen reissued a “buy” rating on shares of Celsius in a report on Tuesday, September 2nd. Seventeen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.42.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the sale, the insider owned 17,717,770 shares of the company’s stock, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jarrod Langhans sold 5,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares of the company’s stock, valued at approximately $6,253,620. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 991,470 shares of company stock valued at $47,307,297 in the last ninety days. 2.20% of the stock is owned by insiders.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.