Wakefield Asset Management LLLP Invests $4.10 Million in Celsius Holdings Inc. $CELH

Wakefield Asset Management LLLP purchased a new position in shares of Celsius Holdings Inc. (NASDAQ:CELH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,726 shares of the company’s stock, valued at approximately $4,104,000. Celsius comprises 1.1% of Wakefield Asset Management LLLP’s investment portfolio, making the stock its 24th biggest holding.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Celsius by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock worth $826,750,000 after acquiring an additional 802,743 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Celsius in the fourth quarter worth $115,321,000. Ameriprise Financial Inc. raised its position in Celsius by 20.9% in the second quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock worth $114,587,000 after acquiring an additional 426,623 shares in the last quarter. Invesco Ltd. raised its position in Celsius by 13.0% in the third quarter. Invesco Ltd. now owns 1,801,922 shares of the company’s stock worth $103,592,000 after acquiring an additional 207,824 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Celsius by 389.1% in the third quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock worth $98,490,000 after acquiring an additional 1,362,867 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Stock Up 4.0%

Celsius stock opened at $30.16 on Friday. 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 firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 70.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.95. Celsius Holdings Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $66.74. The stock’s fifty day moving average is $36.16 and its two-hundred day moving average is $43.83.

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

Analyst Ratings Changes

Several research analysts have issued reports on CELH shares. Piper Sandler reiterated an “overweight” rating and issued a $65.00 price objective (up from $61.00) on shares of Celsius in a research report on Thursday, January 29th. UBS Group cut their price objective on Celsius from $72.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Roth Mkm reiterated a “buy” rating on shares of Celsius in a research report on Friday, May 8th. Morgan Stanley reiterated an “overweight” rating and issued a $55.00 price objective (down from $64.00) on shares of Celsius in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $44.00 price objective on shares of Celsius in a research report on Friday, May 8th. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.89.

Celsius 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.