William H. Milmoe Sells 428,574 Shares of Celsius Holdings, Inc. (NASDAQ:CELH) Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,750,163 shares of the company’s stock, valued at $1,417,172,226.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Celsius Stock Down 1.8 %

Shares of NASDAQ:CELH opened at $76.95 on Wednesday. The stock has a market cap of $17.78 billion, a PE ratio of 99.51, a PEG ratio of 2.22 and a beta of 1.93. The company’s fifty day moving average is $81.23 and its 200 day moving average is $65.89. Celsius Holdings, Inc. has a 52 week low of $34.34 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $347.44 million for the quarter, compared to the consensus estimate of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company’s quarterly revenue was up 95.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. Sell-side analysts anticipate that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CELH. Morgan Stanley reissued an “equal weight” rating and issued a $75.00 price target on shares of Celsius in a report on Wednesday, March 27th. Wedbush restated an “outperform” rating and set a $100.00 target price on shares of Celsius in a research report on Friday, May 3rd. Jefferies Financial Group raised their price target on Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, March 18th. Stifel Europe upped their price objective on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Stifel Nicolaus dropped their target price on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.45.

Institutional Trading of Celsius

Institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division bought a new stake in Celsius during the 4th quarter valued at $917,000. Yousif Capital Management LLC grew its stake in shares of Celsius by 197.3% in the fourth quarter. Yousif Capital Management LLC now owns 54,329 shares of the company’s stock worth $2,962,000 after purchasing an additional 36,057 shares during the last quarter. Kercheville Advisors LLC purchased a new position in Celsius during the 4th quarter valued at about $851,000. Qube Research & Technologies Ltd raised its position in Celsius by 761.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 190,048 shares of the company’s stock valued at $32,612,000 after purchasing an additional 167,977 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Celsius by 190.0% in the 4th quarter. Arizona State Retirement System now owns 41,209 shares of the company’s stock worth $2,247,000 after buying an additional 26,998 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.