Bank of New York Mellon Corp Makes New Investment in Celsius Holdings Inc. $CELH

Key Points

• Bank of New York Mellon purchased 1.47 million Celsius Holdings shares worth approximately $43 million, giving it a 0.58% stake. Institutional investors collectively own 60.95% of the company.
• Analyst sentiment remains broadly positive, with 18 Buy ratings and a consensus “Moderate Buy” rating, although several firms lowered their price targets. The average target is $50.05, while Zacks downgraded the stock to “Strong Sell.”
• Celsius shares opened at $32.99 after declining 6.4%. The latest quarterly results missed expectations, with EPS of $0.36 versus $0.41 estimated and revenue of $817.93 million versus $870.08 million, despite 10.6% year-over-year revenue growth.

Bank of New York Mellon Corp purchased a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,469,944 shares of the company's stock, valued at approximately $43,040,000. Bank of New York Mellon Corp owned 0.58% of Celsius at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Celsius by 2,293.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 41,747 shares of the company's stock valued at $1,952,000 after purchasing an additional 40,003 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Celsius during the 4th quarter worth about $3,316,000. Geode Capital Management LLC lifted its position in Celsius by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company's stock worth $163,112,000 after buying an additional 277,424 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Celsius by 4,648.1% during the 1st quarter. Fifth Third Bancorp now owns 92,873 shares of the company's stock worth $3,295,000 after buying an additional 90,917 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Celsius by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company's stock worth $826,750,000 after buying an additional 802,743 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CELH shares. Needham & Company LLC reduced their price target on Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Celsius in a research report on Tuesday, May 19th. Citigroup dropped their price objective on Celsius from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Morgan Stanley set a $42.00 price objective on Celsius and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Zacks Research cut shares of Celsius from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average target price of $50.05.

Celsius Trading Down 6.4%

Shares of Celsius stock opened at $32.99 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.80 and a quick ratio of 1.42. The business has a fifty day simple moving average of $29.99 and a two-hundred day simple moving average of $34.32. Celsius Holdings Inc. has a 1 year low of $23.56 and a 1 year high of $66.74. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 137.46, a P/E/G ratio of 2.95 and a beta of 0.95.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The company had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Celsius's revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts forecast that Celsius Holdings Inc. will post 1.47 EPS for the current year.

Celsius Company Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company's flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.

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