Mizuho Markets Americas LLC Purchases New Position in Celsius Holdings Inc. (NASDAQ:CELH)

Key Points

• Mizuho Markets Americas LLC has acquired a new stake in Celsius Holdings Inc., purchasing 85,836 shares valued at approximately $3,057,000 in the first quarter.
• Celsius reported a significant quarterly earnings of $0.47 per share, beating analysts' consensus estimates and showing an 83.9% increase in revenue compared to the same quarter last year.
• Several hedge funds increased their investments in Celsius, with notable boosts in stakes by Alyeska Investment Group L.P. and FMR LLC, reflecting strong institutional confidence in the company.

Mizuho Markets Americas LLC purchased a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 85,836 shares of the company's stock, valued at approximately $3,057,000.

Other hedge funds have also bought and sold shares of the company. Cynosure Group LLC increased its position in Celsius by 24.2% in the first quarter. Cynosure Group LLC now owns 26,155 shares of the company's stock worth $932,000 after buying an additional 5,095 shares during the last quarter. Townsquare Capital LLC increased its position in Celsius by 8.2% in the first quarter. Townsquare Capital LLC now owns 36,527 shares of the company's stock worth $1,301,000 after buying an additional 2,770 shares during the last quarter. Accuvest Global Advisors increased its position in Celsius by 19.9% in the first quarter. Accuvest Global Advisors now owns 13,627 shares of the company's stock worth $485,000 after buying an additional 2,266 shares during the last quarter. Deutsche Bank AG increased its position in Celsius by 13.9% in the first quarter. Deutsche Bank AG now owns 10,408 shares of the company's stock worth $371,000 after buying an additional 1,269 shares during the last quarter. Finally, Altfest L J & Co. Inc. purchased a new stake in Celsius in the first quarter worth $331,000. 60.95% of the stock is currently owned by institutional investors.

Insider Transactions at Celsius

In other Celsius news, CEO John Fieldly sold 143,167 shares of Celsius stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $51.18, for a total transaction of $7,327,287.06. Following the completion of the sale, the chief executive officer owned 895,410 shares of the company's stock, valued at $45,827,083.80. The trade was a 13.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder William H. Milmoe sold 100,000 shares of Celsius stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $47.50, for a total value of $4,750,000.00. Following the sale, the insider directly owned 17,717,770 shares of the company's stock, valued at approximately $841,594,075. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,111,141 shares of company stock worth $52,241,605. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CELH. Truist Financial set a $65.00 target price on Celsius and gave the stock a "buy" rating in a research report on Monday. Piper Sandler raised their price target on Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on Celsius from $44.00 to $54.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Stephens reaffirmed an "overweight" rating on shares of Celsius in a report on Monday. Finally, Citigroup reaffirmed a "buy" rating and issued a $60.00 price target (up from $55.00) on shares of Celsius in a report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $52.28.

Celsius Price Performance

NASDAQ:CELH traded up $0.72 during trading hours on Tuesday, hitting $54.72. 10,569,151 shares of the company's stock traded hands, compared to its average volume of 6,874,568. The firm has a market cap of $14.12 billion, a P/E ratio of 147.89, a P/E/G ratio of 1.65 and a beta of 1.40. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $55.87. The business's fifty day simple moving average is $45.14 and its two-hundred day simple moving average is $36.53. The company has a quick ratio of 1.76, a current ratio of 2.11 and a debt-to-equity ratio of 0.68.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%. The firm had revenue of $739.30 million during the quarter, compared to analyst estimates of $632.13 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company's revenue was up 83.9% compared to the same quarter last year. On average, research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

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.