Bank of New York Mellon Corp Sells 110,970 Shares of Celsius Holdings Inc. $CELH

Bank of New York Mellon Corp lowered its position in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 9.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,106,116 shares of the company’s stock after selling 110,970 shares during the quarter. Bank of New York Mellon Corp’s holdings in Celsius were worth $51,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its stake in Celsius by 1,476.0% during the second quarter. Hantz Financial Services Inc. now owns 788 shares of the company’s stock worth $37,000 after buying an additional 738 shares during the last quarter. Summit Securities Group LLC bought a new position in Celsius during the first quarter worth about $34,000. Ameritas Advisory Services LLC acquired a new position in Celsius in the second quarter valued at about $75,000. UMB Bank n.a. increased its holdings in shares of Celsius by 24.7% in the second quarter. UMB Bank n.a. now owns 1,778 shares of the company’s stock worth $82,000 after acquiring an additional 352 shares in the last quarter. Finally, Peterson Wealth Services acquired a new stake in shares of Celsius during the first quarter worth about $66,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Celsius Trading Down 1.9%

Celsius stock opened at $43.73 on Wednesday. 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 has a 50-day moving average of $57.78 and a 200-day moving average of $49.57. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 118.19, a P/E/G ratio of 1.25 and a beta of 1.34. Celsius Holdings Inc. has a one year low of $21.10 and a one year high of $66.74.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $725.11 million during the quarter, compared to analysts’ expectations of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm’s revenue for the quarter was up 172.9% compared to the same quarter last year. On average, equities analysts expect that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $62.50, for a total value of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares in the company, valued at $13,827,812.50. This trade represents a 15.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul H. Storey sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the completion of the sale, the insider directly owned 37,550 shares in the company, valued at approximately $2,287,921.50. The trade was a 16.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 57,500 shares of company stock valued at $3,581,975. 2.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group set a $72.00 target price on Celsius and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Bank of America reduced their price target on shares of Celsius from $55.00 to $50.00 and set an “underperform” rating for the company in a report on Friday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of Celsius from $76.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Zacks Research cut shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Truist Financial upped their target price on shares of Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Twenty investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

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.