Meiji Yasuda Asset Management Co Ltd. Increases Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

Meiji Yasuda Asset Management Co Ltd. grew its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 54.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,163 shares of the company’s stock after acquiring an additional 3,225 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Celsius were worth $523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Celsius by 183.6% during the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after purchasing an additional 8,899,873 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Celsius by 231.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after buying an additional 2,754,722 shares in the last quarter. Wellington Management Group LLP grew its holdings in Celsius by 212.2% during the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after acquiring an additional 2,306,598 shares during the period. Price T Rowe Associates Inc. MD raised its position in Celsius by 424.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock worth $152,287,000 after acquiring an additional 2,261,046 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after acquiring an additional 1,934,400 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of Celsius from $68.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Piper Sandler decreased their price target on Celsius from $65.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, September 5th. TD Cowen lowered their price target on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. BNP Paribas started coverage on Celsius in a report on Monday, June 24th. They set an “outperform” rating and a $87.00 price objective for the company. Finally, Roth Mkm lowered their target price on Celsius from $65.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Celsius has an average rating of “Moderate Buy” and a consensus price target of $57.64.

Celsius Stock Performance

Shares of CELH opened at $33.17 on Friday. Celsius Holdings, Inc. has a 1 year low of $31.55 and a 1 year high of $99.62. The company’s 50 day simple moving average is $40.38 and its 200 day simple moving average is $63.94. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.46 and a beta of 1.85.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business’s revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Equities analysts expect that Celsius Holdings, Inc. will post 0.83 EPS for the current fiscal year.

Celsius Profile

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.