TD Private Client Wealth LLC Decreases Position in Celsius Holdings Inc. $CELH

TD Private Client Wealth LLC reduced its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 38.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,511 shares of the company’s stock after selling 1,560 shares during the quarter. TD Private Client Wealth LLC’s holdings in Celsius were worth $116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in Celsius during the 1st quarter worth $32,000. Summit Securities Group LLC acquired a new stake in Celsius during the 1st quarter worth $34,000. MassMutual Private Wealth & Trust FSB raised its stake in Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after acquiring an additional 750 shares in the last quarter. UMB Bank n.a. raised its stake in 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 in the last quarter. Finally, Fifth Third Bancorp raised its stake in 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 in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Stock Performance

NASDAQ:CELH opened at $56.90 on Tuesday. The firm has a 50 day simple moving average of $54.35 and a 200-day simple moving average of $44.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm has a market cap of $14.68 billion, a PE ratio of 153.78, a P/E/G ratio of 1.23 and a beta of 1.33. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $63.50.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. The business had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. Celsius had a net margin of 7.91% and a return on equity of 36.88%. The company’s revenue was up 83.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current year.

Insider Activity

In related news, CEO John Fieldly sold 143,167 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the transaction, the chief executive officer owned 895,410 shares of the company’s stock, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer directly owned 104,227 shares of the company’s stock, valued at $6,253,620. This trade represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,667 shares of company stock valued at $27,240,162 in the last ninety days. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

CELH has been the topic of a number of recent research reports. Mizuho lifted their price objective on shares of Celsius from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Cowen restated a “buy” rating on shares of Celsius in a research note on Tuesday, September 2nd. Truist Financial lifted their price objective on shares of Celsius from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, September 8th. 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, Roth Capital lifted their price objective on shares of Celsius from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Eighteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average target price of $61.95.

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.