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

Jennison Associates LLC lifted its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,298,521 shares of the company’s stock after acquiring an additional 30,327 shares during the period. Jennison Associates LLC’s holdings in Celsius were worth $46,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Future Fund LLC lifted its holdings in Celsius by 38.7% in the 1st quarter. Future Fund LLC now owns 82,833 shares of the company’s stock valued at $2,939,000 after purchasing an additional 23,129 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Celsius during the first quarter worth about $524,000. Harmony Asset Management LLC acquired a new position in shares of Celsius in the first quarter valued at approximately $419,000. State of Michigan Retirement System raised its position in shares of Celsius by 1.9% in the first quarter. State of Michigan Retirement System now owns 38,500 shares of the company’s stock valued at $1,366,000 after buying an additional 700 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Celsius by 32.7% during the first quarter. Principal Financial Group Inc. now owns 454,856 shares of the company’s stock valued at $16,138,000 after buying an additional 112,135 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Trading Up 1.5%

CELH stock opened at $29.42 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.77 and a debt-to-equity ratio of 0.53. 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. The business has a fifty day simple moving average of $29.96 and a 200-day simple moving average of $38.72. Celsius Holdings Inc. has a 52 week low of $27.47 and a 52 week high of $66.74.

Celsius (NASDAQ:CELH) last issued its 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 firm had revenue of $782.62 million for the quarter, compared to analysts’ expectations of $763.08 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 137.7% compared to the same quarter last year. On average, equities research analysts expect that Celsius Holdings Inc. will post 1.59 EPS for the current year.

Insider Transactions at Celsius

In other news, CEO John Fieldly bought 8,475 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average price of $29.36 per share, for a total transaction of $248,826.00. Following the acquisition, the chief executive officer owned 937,540 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, Director Hal Kravitz bought 8,400 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $29.73 per share, with a total value of $249,732.00. Following the transaction, the director owned 227,158 shares in the company, valued at approximately $6,753,407.34. This represents a 3.84% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 2.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Roth Capital reaffirmed a “buy” rating and issued a $57.00 target price (down from $65.00) on shares of Celsius in a research note on Thursday, June 25th. Stifel Nicolaus set a $45.00 price target on Celsius and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Celsius in a research report on Tuesday, May 19th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $44.00 target price on shares of Celsius in a research note on Wednesday, June 17th. Finally, Morgan Stanley set a $48.00 price target on Celsius and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.