Celsius Holdings Inc. (NASDAQ:CELH) Shares Purchased by M&T Bank Corp

M&T Bank Corp grew its holdings in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 14.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,992 shares of the company's stock after purchasing an additional 7,452 shares during the quarter. M&T Bank Corp's holdings in Celsius were worth $2,138,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Westside Investment Management Inc. acquired a new stake in Celsius during the first quarter worth approximately $32,000. MassMutual Private Wealth & Trust FSB boosted its position in Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after acquiring an additional 750 shares during the last quarter. UMB Bank n.a. boosted its position in Celsius by 145.0% during the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after acquiring an additional 844 shares during the last quarter. Fifth Third Bancorp boosted its position in Celsius by 62.9% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after acquiring an additional 666 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Celsius by 32.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock worth $66,000 after acquiring an additional 614 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 300,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $47.27, for a total value of $14,181,000.00. Following the transaction, the insider owned 18,017,770 shares of the company's stock, valued at approximately $851,699,987.90. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction on 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 trade represents a 10.15% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 562,974 shares of company stock worth $25,758,418. Insiders own 2.55% of the company's stock.

Celsius Stock Down 0.2%

Shares of CELH stock traded down $0.09 during mid-day trading on Friday, reaching $45.09. The company's stock had a trading volume of 4,514,261 shares, compared to its average volume of 8,129,876. The company's 50 day simple moving average is $40.94 and its 200-day simple moving average is $33.58. Celsius Holdings Inc. has a 12-month low of $21.10 and a 12-month high of $57.48. The firm has a market capitalization of $11.62 billion, a PE ratio of 140.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.45.

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

Analyst Ratings Changes

A number of analysts recently issued reports on CELH shares. 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 research report on Friday, May 2nd. Piper Sandler raised their target price on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial raised their target price on shares of Celsius from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wall Street Zen upgraded shares of Celsius from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, Needham & Company LLC increased their price target on shares of Celsius from $47.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Celsius presently has an average rating of "Moderate Buy" and an average target price of $45.65.

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.