Royal Bank of Canada Sells 137,684 Shares of Celsius Holdings Inc. $CELH

Royal Bank of Canada trimmed its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 46.2% in the first quarter, HoldingsChannel reports. The firm owned 160,622 shares of the company’s stock after selling 137,684 shares during the period. Royal Bank of Canada’s holdings in Celsius were worth $5,700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CELH. Vanguard Group Inc. boosted its stake in Celsius by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock worth $826,750,000 after purchasing an additional 802,743 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Celsius by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 3,565,409 shares of the company’s stock valued at $163,112,000 after buying an additional 277,424 shares in the last quarter. Norges Bank bought a new position in shares of Celsius in the fourth quarter valued at about $140,803,000. Ameriprise Financial Inc. raised its holdings in shares of Celsius by 20.9% in the second quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock valued at $114,587,000 after buying an additional 426,623 shares during the last quarter. Finally, Invesco Ltd. lifted its position 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 in the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Celsius stock opened at $27.62 on Thursday. The business’s 50-day simple moving average is $29.26 and its 200 day simple moving average is $35.88. 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 $6.99 billion, a price-to-earnings ratio of 115.08, a P/E/G ratio of 2.34 and a beta of 0.95. Celsius Holdings Inc. has a 12-month low of $23.56 and a 12-month high of $66.74.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.05). Celsius had a return on equity of 36.52% and a net margin of 4.24%.The firm had revenue of $817.93 million for the quarter, compared to the consensus estimate of $870.08 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that Celsius Holdings Inc. will post 1.47 earnings per share for the current year.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly purchased 8,475 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $29.36 per share, with a total value of $248,826.00. Following the completion of the purchase, the chief executive officer directly owned 937,540 shares in the company, valued at approximately $27,526,174.40. This represents a 0.91% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hal Kravitz purchased 8,400 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $29.73 per share, with a total value of $249,732.00. Following the completion of the purchase, the director owned 227,158 shares of the company’s stock, valued at $6,753,407.34. The trade was a 3.84% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.33% of the stock is owned by insiders.

Analyst Ratings Changes

CELH has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of Celsius from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Maxim Group lowered shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $44.00 price target on shares of Celsius in a research note on Friday, May 8th. Stephens lowered their price target on shares of Celsius from $65.00 to $50.00 and set an “overweight” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Celsius from $56.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Celsius Company 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.