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Celsius Holdings Inc. (NASDAQ:CELH) Stock Position Lessened by Bank of New York Mellon Corp

Celsius logo with Consumer Staples background

Bank of New York Mellon Corp trimmed its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 64.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,217,086 shares of the company's stock after selling 2,218,394 shares during the period. Bank of New York Mellon Corp owned 0.47% of Celsius worth $43,353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd acquired a new position in shares of Celsius in the 1st quarter valued at about $1,275,000. Principal Financial Group Inc. lifted its stake in shares of Celsius by 49.0% in the 1st quarter. Principal Financial Group Inc. now owns 550,613 shares of the company's stock valued at $19,613,000 after purchasing an additional 181,130 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Celsius in the 1st quarter valued at about $795,000. Clear Creek Financial Management LLC acquired a new position in shares of Celsius in the 1st quarter valued at about $281,000. Finally, Westside Investment Management Inc. acquired a new position in shares of Celsius in the 1st quarter valued at about $32,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on CELH. LADENBURG THALM/SH SH reduced their price objective on Celsius from $62.00 to $58.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Truist Financial boosted their price target on Celsius from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday. UBS Group boosted their price target on Celsius from $49.00 to $57.00 and gave the stock a "buy" rating in a research report on Thursday. Needham & Company LLC boosted their price target on Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus initiated coverage on Celsius in a research report on Thursday, June 12th. They set a "buy" rating and a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $46.47.

View Our Latest Report on CELH

Celsius Price Performance

Shares of CELH stock remained flat at $44.45 on Thursday. The company had a trading volume of 6,000,687 shares, compared to its average volume of 8,075,897. The company has a market cap of $11.46 billion, a P/E ratio of 138.91, a PEG ratio of 1.58 and a beta of 1.45. Celsius Holdings Inc. has a twelve month low of $21.10 and a twelve month high of $52.10. The stock's fifty day moving average is $41.55 and its two-hundred day moving average is $33.91.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $329.28 million for the quarter, compared to analyst estimates of $349.09 million. Celsius had a net margin of 8.40% and a return on equity of 42.12%. The business's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. On average, analysts predict that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 300,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the completion of the transaction, the insider directly owned 18,017,770 shares in the company, valued at $851,699,987.90. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Fieldly sold 130,803 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.00, for a total value of $5,886,135.00. Following the transaction, the chief executive officer owned 1,038,577 shares of the company's stock, valued at approximately $46,735,965. The trade was a 11.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 562,974 shares of company stock worth $25,758,418. Corporate insiders own 2.55% of the company's stock.

About Celsius

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Celsius (NASDAQ:CELH)

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