State Street Corp Has $153.86 Million Stock Position in Celsius Holdings Inc. $CELH

Key Points

• State Street increased its Celsius Holdings stake by 4.5% in the second quarter, holding 5.25 million shares valued at approximately $153.9 million, or 2.08% of the company. Institutional investors collectively own 60.95% of CELH.
• Celsius reported quarterly revenue of $817.9 million, up 10.6% year over year, but missed analyst expectations for both revenue and earnings. Shares were trading near $29.18, well below the 12-month high of $66.74.
• Company insiders bought 66,000 shares worth about $1.83 million during the latest quarter. Analysts maintain a “Moderate Buy” consensus with an average price target of $43.38, despite several recent rating and target-price reductions.

State Street Corp lifted its stake in Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,253,654 shares of the company's stock after buying an additional 227,418 shares during the period. State Street Corp owned approximately 2.08% of Celsius worth $153,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Fideuram Asset Management Ireland dac acquired a new stake in shares of Celsius in the 4th quarter valued at approximately $31,000. Continuum Advisory LLC acquired a new position in Celsius during the 2nd quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Celsius by 16.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,501 shares of the company's stock worth $69,000 after acquiring an additional 208 shares during the period. Summit Securities Group LLC bought a new stake in shares of Celsius in the 1st quarter valued at $56,000. Finally, AlphaCentric Advisors LLC bought a new stake in Celsius during the first quarter valued at $69,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Celsius Trading Down 0.7%

Shares of CELH opened at $29.18 on Thursday. Celsius Holdings Inc. has a twelve month low of $23.56 and a twelve month high of $66.74. The company has a quick ratio of 1.42, a current ratio of 1.80 and a debt-to-equity ratio of 0.56. The stock has a market cap of $7.38 billion, a PE ratio of 121.58, a P/E/G ratio of 2.06 and a beta of 0.93. The business's 50-day moving average price is $29.57 and its 200-day moving average price is $31.94.

Celsius (NASDAQ:CELH - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.05). Celsius had a net margin of 4.24% and a return on equity of 36.52%. The firm had revenue of $817.93 million for the quarter, compared to analysts' expectations of $870.08 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts forecast that Celsius Holdings Inc. will post 1.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Damon DeSantis acquired 20,000 shares of Celsius stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of $27.65 per share, for a total transaction of $553,000.00. Following the transaction, the director owned 2,712,187 shares of the company's stock, valued at $74,991,970.55. This trade represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John Fieldly purchased 18,000 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of $27.44 per share, for a total transaction of $493,920.00. Following the completion of the purchase, the chief executive officer directly owned 956,063 shares of the company's stock, valued at approximately $26,234,368.72. This represents a 1.92% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 66,000 shares of company stock valued at $1,830,120 in the last quarter. Corporate insiders own 2.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CELH shares. Stephens reduced their price objective on shares of Celsius from $65.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, August 10th. Sanford C. Bernstein lowered Celsius from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $44.00 to $26.00 in a report on Friday, August 7th. Wall Street Zen raised shares of Celsius from a "sell" rating to a "hold" rating in a research report on Saturday, September 12th. Deutsche Bank Aktiengesellschaft cut Celsius from a "buy" rating to a "hold" rating and set a $35.00 price objective on the stock. in a research report on Thursday, August 27th. Finally, Stifel Nicolaus set a $37.00 target price on shares of Celsius in a research report on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.38.

About Celsius

Celsius Holdings, Inc develops, markets and distributes functional, better-for-you beverages under the CELSIUS brand. Its products are positioned as energy drinks designed to support active lifestyles and are marketed with claims related to fitness, metabolism and sustained energy. The company offers a range of carbonated and noncarbonated beverages in various flavors and formulations, including CELSIUS Originals, CELSIUS Vibe and CELSIUS Essentials, as well as powdered drink mixes and other related products.

The company sells its beverages through a broad network of retail and e-commerce channels, including convenience stores, grocery stores, drugstores, warehouse clubs, gyms and other specialty outlets.

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