Northwestern Mutual Wealth Management Co. Raises Holdings in Celsius Holdings Inc. $CELH

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in Celsius Holdings Inc. by 163.4%, totaling over $38 million in value.
• Analysts have set a range of price targets for Celsius, with Morgan Stanley raising their target to 56.00 USD and Needham & Company increasing theirs to 60.00 USD, reflecting a positive outlook.
• Insider trading activity includes major shareholder Deborah Desantis selling 100,000 shares for approximately $4.75 million, indicating potential adjustments in ownership structure.

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 163.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,093,103 shares of the company's stock after buying an additional 678,126 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.42% of Celsius worth $38,936,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in Celsius during the first quarter valued at approximately $32,000. Summit Securities Group LLC purchased a new position in Celsius in the first quarter worth $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in Celsius by 255.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock worth $37,000 after purchasing an additional 750 shares during the last quarter. UMB Bank n.a. grew its holdings in Celsius by 145.0% in the first quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock worth $51,000 after purchasing an additional 844 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Celsius by 62.9% in the first quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock worth $61,000 after purchasing an additional 666 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Celsius from $42.00 to $56.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price target on shares of Celsius from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Stephens reaffirmed an "overweight" rating on shares of Celsius in a report on Monday, August 11th. Wall Street Zen lowered shares of Celsius from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Needham & Company LLC lifted their price objective on shares of Celsius from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Fifteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Celsius currently has an average rating of "Moderate Buy" and a consensus price target of $52.28.

Insider Buying and Selling at Celsius

In related news, major shareholder Deborah Desantis sold 100,000 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total transaction of $4,750,000.00. Following the completion of the transaction, the insider directly owned 17,717,770 shares in the company, valued at $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jarrod Langhans sold 5,000 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer owned 104,227 shares of the company's stock, valued at $6,253,620. This represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,116,141 shares of company stock valued at $52,541,605. Company insiders own 2.20% of the company's stock.

Celsius Trading Down 0.9%

NASDAQ:CELH opened at $61.52 on Monday. Celsius Holdings Inc. has a 12 month low of $21.10 and a 12 month high of $63.00. The firm has a fifty day simple moving average of $48.07 and a 200-day simple moving average of $38.60. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $15.87 billion, a P/E ratio of 166.27, a PEG ratio of 1.40 and a beta of 1.40.

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

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.

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