Jennison Associates LLC Boosts Stock Holdings in Celsius Holdings Inc. $CELH

Jennison Associates LLC boosted its position in Celsius Holdings Inc. (NASDAQ:CELH) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,298,521 shares of the company’s stock after purchasing an additional 30,327 shares during the period. Jennison Associates LLC owned about 0.51% of Celsius worth $46,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CELH. Flagship Harbor Advisors LLC purchased a new position in shares of Celsius during the 4th quarter worth approximately $31,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Celsius in the fourth quarter valued at approximately $31,000. Brown Brothers Harriman & Co. boosted its stake in shares of Celsius by 1,020.4% in the third quarter. Brown Brothers Harriman & Co. now owns 549 shares of the company’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in Celsius during the fourth quarter worth $46,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Celsius by 244.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,119 shares of the company’s stock worth $52,000 after acquiring an additional 794 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity

In other Celsius news, CEO John Fieldly purchased 8,475 shares of Celsius stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $29.36 per share, with a total value of $248,826.00. Following the completion of the acquisition, the chief executive officer directly owned 937,540 shares of the company’s stock, valued at approximately $27,526,174.40. This trade represents a 0.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hal Kravitz purchased 8,400 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $29.73 per share, for a total transaction of $249,732.00. Following the completion of the transaction, the director directly owned 227,158 shares of the company’s stock, valued at approximately $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. Company insiders own 2.33% of the company’s stock.

Celsius Stock Up 1.5%

CELH opened at $29.42 on Tuesday. The business’s fifty day moving average is $29.96 and its two-hundred day moving average is $38.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 1.77. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 68.42, a PEG ratio of 1.16 and a beta of 0.94. Celsius Holdings Inc. has a one year low of $27.47 and a one year high of $66.74.

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

Wall Street Analysts Forecast Growth

CELH has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $44.00 target price on shares of Celsius in a report on Wednesday, June 17th. Stifel Nicolaus set a $45.00 price target on shares of Celsius and gave the stock a “buy” rating in a research note on Thursday. Citigroup reiterated a “buy” rating and issued a $50.00 price target (down from $60.00) on shares of Celsius in a report on Tuesday, July 14th. Bank of America reduced their price objective on shares of Celsius from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $44.00 price objective on shares of Celsius in a report on Friday, May 8th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.65.

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.