Mendel Money Management Invests $430,000 in Celsius Holdings Inc. (NASDAQ:CELH)

Mendel Money Management bought a new stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,080 shares of the company's stock, valued at approximately $430,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Celsius by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company's stock valued at $416,517,000 after acquiring an additional 345,837 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Celsius by 11.2% in the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company's stock valued at $376,455,000 after purchasing an additional 1,444,020 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Celsius by 60.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company's stock valued at $181,164,000 after purchasing an additional 2,591,345 shares during the last quarter. FMR LLC grew its holdings in Celsius by 64.2% during the fourth quarter. FMR LLC now owns 4,055,148 shares of the company's stock valued at $106,813,000 after purchasing an additional 1,585,839 shares during the period. Finally, Champlain Investment Partners LLC purchased a new stake in Celsius in the fourth quarter worth $85,068,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Up 0.7%

CELH traded up $0.33 on Friday, hitting $46.64. The company had a trading volume of 3,822,682 shares, compared to its average volume of 4,531,193. The company's fifty day moving average price is $42.56 and its 200 day moving average price is $34.75. Celsius Holdings Inc. has a 1 year low of $21.10 and a 1 year high of $48.64. The firm has a market cap of $12.02 billion, a P/E ratio of 145.75, a PEG ratio of 1.64 and a beta of 1.45.

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

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 300,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total transaction of $14,181,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Fieldly sold 132,171 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total transaction of $5,691,283.26. Following the sale, the chief executive officer directly owned 1,169,380 shares in the company, valued at $50,353,502.80. This represents a 10.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 562,974 shares of company stock valued at $25,758,418 over the last 90 days. 2.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CELH has been the subject of several recent analyst reports. Needham & Company LLC boosted their price objective on shares of Celsius from $47.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. UBS Group lifted their price objective on Celsius from $49.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wells Fargo & Company lifted their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on shares of Celsius from $39.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus started coverage on Celsius in a report on Thursday, June 12th. They set a "buy" rating and a $47.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.94.

About Celsius

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.