Thrivent Financial for Lutherans Acquires 23,133 Shares of Celsius Holdings Inc. $CELH

Thrivent Financial for Lutherans lifted its holdings in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 63.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,876 shares of the company’s stock after purchasing an additional 23,133 shares during the period. Thrivent Financial for Lutherans’ holdings in Celsius were worth $2,748,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in Celsius by 342.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 150,438 shares of the company’s stock valued at $6,881,000 after acquiring an additional 116,414 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Celsius by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 18,074,995 shares of the company’s stock worth $826,750,000 after buying an additional 802,743 shares during the last quarter. OFI Invest Asset Management bought a new position in Celsius during the fourth quarter worth about $22,705,000. Massachusetts Financial Services Co. MA bought a new position in Celsius during the fourth quarter worth about $115,321,000. Finally, Wealth High Governance Capital Ltda bought a new position in Celsius during the fourth quarter worth about $13,957,000. Institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

CELH opened at $30.12 on Monday. The stock’s fifty day simple moving average is $34.69 and its 200 day simple moving average is $42.60. Celsius Holdings Inc. has a 1-year low of $27.66 and a 1-year high of $66.74. The stock has a market cap of $7.70 billion, a PE ratio of 70.05, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a current ratio of 1.77, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53.

Celsius (NASDAQ:CELH) last released 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 during the quarter, compared to the consensus estimate of $763.08 million. During the same period in the prior year, the company posted $0.18 EPS. The company’s revenue was up 137.7% compared to the same quarter last year. As a group, research analysts expect that Celsius Holdings Inc. will post 1.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CELH. Rothschild & Co Redburn began coverage on Celsius in a report on Wednesday, May 6th. They set a “neutral” rating and a $47.00 target price on the stock. Needham & Company LLC raised their target price on Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Roth Mkm restated a “buy” rating on shares of Celsius in a report on Friday, May 8th. Citigroup reduced their target price on Celsius from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. reduced their target price on Celsius from $77.00 to $67.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.