Principal Financial Group Inc. Has $19.61 Million Position in Celsius Holdings Inc. (NASDAQ:CELH)

Principal Financial Group Inc. lifted its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 49.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 550,613 shares of the company's stock after buying an additional 181,130 shares during the period. Principal Financial Group Inc. owned about 0.21% of Celsius worth $19,613,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Westside Investment Management Inc. acquired a new stake in shares of Celsius in the 1st quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Celsius by 255.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company's stock valued at $37,000 after buying an additional 750 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Celsius by 145.0% in the 1st quarter. UMB Bank n.a. now owns 1,426 shares of the company's stock valued at $51,000 after buying an additional 844 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Celsius by 62.9% in the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the company's stock valued at $61,000 after buying an additional 666 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Celsius by 32.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,509 shares of the company's stock valued at $66,000 after buying an additional 614 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

Insider Transactions at Celsius

In other Celsius news, CEO John Fieldly sold 132,171 shares of Celsius stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $43.06, for a total value of $5,691,283.26. Following the transaction, the chief executive officer owned 1,169,380 shares in the company, valued at $50,353,502.80. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder William H. Milmoe sold 300,000 shares of Celsius stock in a transaction dated 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 completion of the transaction, the insider owned 18,017,770 shares in the company, valued at approximately $851,699,987.90. This represents a 1.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 562,974 shares of company stock worth $25,758,418. Company insiders own 2.55% of the company's stock.

Celsius Price Performance

CELH stock traded down $0.09 during midday trading on Friday, reaching $45.09. The company had a trading volume of 4,514,261 shares, compared to its average volume of 8,129,876. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 140.91, a price-to-earnings-growth ratio of 1.60 and a beta of 1.45. The stock has a 50 day moving average price of $40.94 and a 200-day moving average price of $33.58. Celsius Holdings Inc. has a 1-year low of $21.10 and a 1-year high of $57.48.

Celsius (NASDAQ:CELH - Get Free Report) last posted its quarterly 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 company had revenue of $329.28 million during the quarter, compared to analyst estimates of $349.09 million. During the same period last year, the firm earned $0.27 EPS. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent analyst reports. LADENBURG THALM/SH SH cut their price objective on Celsius from $62.00 to $58.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. TD Cowen raised Celsius from a "hold" rating to a "buy" rating and raised their price target for the company from $37.00 to $55.00 in a report on Monday, June 16th. Wells Fargo & Company raised their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Piper Sandler raised their price target on Celsius from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their price target on Celsius from $39.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $45.65.

Celsius 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.