Celsius Holdings Inc. $CELH Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 63.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,876 shares of the company’s stock after acquiring an additional 23,133 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Celsius were worth $2,748,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Celsius by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock valued at $826,750,000 after acquiring an additional 802,743 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Celsius in the fourth quarter worth about $115,321,000. Ameriprise Financial Inc. raised its holdings in Celsius by 20.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock worth $114,587,000 after buying an additional 426,623 shares during the period. Invesco Ltd. raised its holdings in Celsius by 13.0% during the 3rd quarter. Invesco Ltd. now owns 1,801,922 shares of the company’s stock worth $103,592,000 after buying an additional 207,824 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Celsius by 389.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock worth $98,490,000 after buying an additional 1,362,867 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Price Performance

Shares of CELH opened at $30.12 on Monday. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 70.05, a P/E/G ratio of 1.15 and a beta of 0.95. The business’s 50-day moving average is $34.69 and its 200-day moving average is $42.60. Celsius Holdings Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $66.74. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 1.43.

Celsius (NASDAQ:CELH) last announced its earnings results on Thursday, May 7th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.12. The firm had revenue of $782.62 million during the quarter, compared to analysts’ expectations of $763.08 million. Celsius had a return on equity of 37.95% and a net margin of 5.85%.The company’s revenue was up 137.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. Equities research analysts expect that Celsius Holdings Inc. will post 1.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CELH shares. UBS Group cut their price objective on Celsius from $72.00 to $62.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price objective on Celsius from $77.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Piper Sandler restated an “overweight” rating and set a $65.00 price objective (up from $61.00) on shares of Celsius in a report on Thursday, January 29th. Roth Mkm restated a “buy” rating on shares of Celsius in a report on Friday, May 8th. Finally, Citigroup cut their price objective on Celsius from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus price target of $63.89.

About Celsius

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.