Vontobel Holding Ltd. Has $991,000 Position in Celsius Holdings Inc. $CELH

Key Points

• Vontobel Holding Ltd. decreased its holdings in Celsius Holdings Inc. by 29.0%, now owning 21,371 shares valued at $991,000.
• Celsius reported a quarterly EPS of $0.47, significantly exceeding analyst expectations, with a revenue of $739.30 million—up 83.9% year-over-year.
• Wall Street analysts rate Celsius stock predominantly as a "Buy," with a consensus price target of $63.15.

Vontobel Holding Ltd. lessened its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH - Free Report) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,371 shares of the company's stock after selling 8,743 shares during the quarter. Vontobel Holding Ltd.'s holdings in Celsius were worth $991,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake 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 purchasing an additional 844 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Celsius by 3.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,718 shares of the company's stock valued at $346,000 after buying an additional 301 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Celsius by 19.7% in the first quarter. GAMMA Investing LLC now owns 2,052 shares of the company's stock worth $73,000 after buying an additional 338 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of 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 buying an additional 666 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Celsius by 23.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,348 shares of the company's stock worth $796,000 after acquiring an additional 4,210 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Celsius Stock Down 5.5%

CELH opened at $60.70 on Monday. Celsius Holdings Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $64.81. The company has a market capitalization of $15.66 billion, a P/E ratio of 164.05, a P/E/G ratio of 1.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.11 and a quick ratio of 1.76. The firm's fifty day moving average price is $56.89 and its two-hundred day moving average price is $46.04.

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

Insider Activity at Celsius

In other news, CFO Jarrod Langhans sold 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer directly owned 104,227 shares of the company's stock, valued at approximately $6,253,620. This represents a 4.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Fieldly sold 143,167 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the sale, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 560,667 shares of company stock valued at $27,240,162. Corporate insiders own 2.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CELH shares. Stifel Nicolaus boosted their target price on Celsius from $56.00 to $70.00 and gave the stock a "buy" rating in a report on Tuesday, September 2nd. Jefferies Financial Group set a $72.00 price objective on shares of Celsius and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Roth Capital reiterated a "buy" rating on shares of Celsius in a research note on Thursday, October 2nd. TD Cowen raised shares of Celsius from a "hold" rating to a "buy" rating and boosted their target price for the stock from $37.00 to $55.00 in a research report on Monday, June 16th. Finally, Truist Financial upped their price target on shares of Celsius from $65.00 to $70.00 and gave the company a "buy" rating in a report on Monday, September 8th. Nineteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

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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