Royal Bank of Canada Has $5.70 Million Stake in Celsius Holdings Inc. $CELH

Key Points

• Royal Bank of Canada cut its Celsius Holdings stake by 46.2% in the first quarter, selling 137,684 shares and retaining 160,622 shares valued at approximately $5.7 million. Institutional investors collectively own 60.95% of CELH.
• Analysts maintain a generally positive outlook, with 19 Buy, four Hold and two Sell ratings. The stock has a “Moderate Buy” consensus rating and a consensus price target of $50.50, despite several recent target-price reductions.
• Celsius reported quarterly revenue of $817.93 million, up 10.6% year over year, but missed estimates on both revenue and earnings, posting $0.36 EPS versus the $0.41 consensus. CELH opened at $27.62, well below its 52-week high of $66.74.

Royal Bank of Canada decreased its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 160,622 shares of the company's stock after selling 137,684 shares during the quarter. Royal Bank of Canada owned 0.06% of Celsius worth $5,700,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CELH. Vanguard Group Inc. grew its position in Celsius by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company's stock worth $826,750,000 after buying an additional 802,743 shares in the last quarter. Geode Capital Management LLC raised its holdings in Celsius by 8.4% in the 4th quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company's stock valued at $163,112,000 after acquiring an additional 277,424 shares in the last quarter. Norges Bank acquired a new position in Celsius in the 4th quarter valued at approximately $140,803,000. Ameriprise Financial Inc. lifted its position in shares of Celsius by 20.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company's stock worth $114,587,000 after acquiring an additional 426,623 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Celsius by 13.0% in the 3rd quarter. Invesco Ltd. now owns 1,801,922 shares of the company's stock worth $103,592,000 after acquiring an additional 207,824 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen lowered their price objective on Celsius from $66.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Needham & Company LLC reduced their target price on Celsius from $55.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Stephens decreased their price target on shares of Celsius from $65.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday. Morgan Stanley set a $42.00 price target on shares of Celsius and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Sanford C. Bernstein cut shares of Celsius from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $44.00 to $26.00 in a research note on Friday, August 7th. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.

Celsius Trading Down 1.7%

Shares of CELH opened at $27.62 on Thursday. Celsius Holdings Inc. has a 1 year low of $23.56 and a 1 year high of $66.74. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $29.26 and a 200-day simple moving average of $35.88. The stock has a market cap of $6.99 billion, a PE ratio of 115.08, a PEG ratio of 2.34 and a beta of 0.95.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The company had revenue of $817.93 million during the quarter, compared to analyst estimates of $870.08 million. During the same period in the prior year, the firm earned $0.47 EPS. Celsius's quarterly revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that Celsius Holdings Inc. will post 1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Hal Kravitz bought 8,400 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $29.73 per share, with a total value of $249,732.00. Following the acquisition, the director owned 227,158 shares in the company, valued at $6,753,407.34. This trade represents a 3.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John Fieldly bought 8,475 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $29.36 per share, with a total value of $248,826.00. Following the transaction, the chief executive officer directly owned 937,540 shares in the company, valued at $27,526,174.40. This represents a 0.91% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.33% of the stock is currently owned by company insiders.

Celsius Profile

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company's flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.

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