Truist Financial Corp Has $498,000 Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Truist Financial Corp cut its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 28.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,912 shares of the company’s stock after selling 7,460 shares during the period. Truist Financial Corp’s holdings in Celsius were worth $498,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D increased its holdings in Celsius by 33.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 76,921 shares of the company’s stock valued at $2,026,000 after purchasing an additional 19,070 shares during the period. Valmark Advisers Inc. acquired a new stake in Celsius in the fourth quarter valued at $307,000. Secured Retirement Advisors LLC acquired a new stake in Celsius in the fourth quarter valued at $804,000. Manchester Capital Management LLC increased its holdings in Celsius by 92,260.0% in the fourth quarter. Manchester Capital Management LLC now owns 4,618 shares of the company’s stock valued at $122,000 after purchasing an additional 4,613 shares during the period. Finally, Arcus Capital Partners LLC acquired a new stake in Celsius in the fourth quarter valued at $5,784,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $25.65 on Tuesday. Celsius Holdings, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $99.62. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 58.30, a PEG ratio of 2.90 and a beta of 1.78. The firm’s 50-day simple moving average is $25.89 and its 200 day simple moving average is $29.72.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $326.07 million. On average, sell-side analysts predict that Celsius Holdings, Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Piper Sandler decreased their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target for the company. Needham & Company LLC increased their price target on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their price target on Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

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.