Amundi Sells 20,083 Shares of Celsius Holdings Inc. $CELH

Key Points

• Amundi has reduced its stake in Celsius Holdings Inc. by 4.9%, bringing its total ownership to approximately $13.98 million after selling 20,083 shares during the first quarter.
• Celsius reported earnings per share of $0.47 for the last quarter, significantly outperforming analyst expectations of $0.23, with revenue reaching $739.30 million.
• Multiple brokerages have upgraded their price targets for Celsius, with analysts projecting a target average price of $61.42 and a majority rating the stock as a "buy."

Amundi lowered its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 4.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 388,422 shares of the company's stock after selling 20,083 shares during the period. Amundi owned approximately 0.15% of Celsius worth $13,983,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. acquired a new position in shares of Celsius during the first quarter valued at about $32,000. Summit Securities Group LLC acquired a new position in shares of Celsius during the first quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Celsius by 255.1% during the first 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. raised its position in shares of Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after buying an additional 844 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after buying an additional 666 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

Insider Activity

In other news, major shareholder Deborah Desantis sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares of the company's stock, valued at $841,594,075. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer directly owned 104,227 shares in the company, valued at $6,253,620. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 991,470 shares of company stock valued at $47,307,297. Corporate insiders own 2.55% of the company's stock.

Celsius Price Performance

Celsius stock traded down $0.10 during trading hours on Friday, hitting $57.82. 3,089,461 shares of the stock were exchanged, compared to its average volume of 5,666,863. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a market capitalization of $14.91 billion, a P/E ratio of 156.27, a P/E/G ratio of 1.31 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. The business's 50-day moving average is $52.36 and its two-hundred day moving average is $42.00.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.24. The firm 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 company's quarterly revenue was up 83.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share. Equities research analysts expect that Celsius Holdings Inc. will post 0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

CELH has been the subject of several recent research reports. UBS Group increased their price target on shares of Celsius from $64.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Wall Street Zen lowered shares of Celsius from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Jefferies Financial Group set a $72.00 price target on shares of Celsius and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. Cowen reissued a "buy" rating on shares of Celsius in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus increased their price target on shares of Celsius from $56.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Eighteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.