Toronto Dominion Bank Raises Holdings in Celsius Holdings, Inc. (NASDAQ:CELH)

Toronto Dominion Bank grew its position in Celsius Holdings, Inc. (NASDAQ:CELH) by 22.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,893 shares of the company’s stock after purchasing an additional 3,326 shares during the quarter. Toronto Dominion Bank’s holdings in Celsius were worth $1,022,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CELH. Vanguard Group Inc. lifted its holdings in shares of Celsius by 183.6% in the 4th quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock worth $749,458,000 after buying an additional 8,899,873 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Celsius by 231.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after buying an additional 2,754,722 shares during the period. Wellington Management Group LLP lifted its stake in shares of Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after purchasing an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Celsius by 424.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after purchasing an additional 2,261,046 shares in the last quarter. Finally, Capital International Investors boosted its position in Celsius by 200.0% during the fourth quarter. Capital International Investors now owns 2,632,977 shares of the company’s stock valued at $143,550,000 after purchasing an additional 1,755,318 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CELH shares. Truist Financial dropped their price objective on Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, September 6th. UBS Group dropped their price objective on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Wedbush dropped their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. B. Riley dropped their price objective on Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Roth Mkm dropped their price objective on Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.29.

Celsius Stock Performance

Celsius stock opened at $31.36 on Tuesday. Celsius Holdings, Inc. has a one year low of $30.86 and a one year high of $99.62. The stock has a market cap of $7.31 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.85. The stock has a 50-day moving average of $38.43 and a two-hundred day moving average of $61.56.

Celsius (NASDAQ:CELH) last announced 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. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same period last year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, sell-side analysts predict that Celsius Holdings, Inc. will post 0.82 EPS for the current fiscal year.

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.