Toronto Dominion Bank Grows Stock Position in Celsius Holdings, Inc. (NASDAQ:CELH)

Toronto Dominion Bank lifted its holdings in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 479.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 103,702 shares of the company’s stock after acquiring an additional 85,809 shares during the period. Toronto Dominion Bank’s holdings in Celsius were worth $3,252,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp grew its position in Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after buying an additional 2,754,722 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after acquiring an additional 104,896 shares during the period. Bank of New York Mellon Corp raised its stake in Celsius by 36.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock worth $167,983,000 after acquiring an additional 790,014 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after acquiring an additional 221,833 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Down 0.6 %

CELH opened at $31.79 on Monday. The firm’s fifty day simple moving average is $30.05 and its two-hundred day simple moving average is $41.44. Celsius Holdings, Inc. has a 52-week low of $25.23 and a 52-week high of $99.62. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 44.15, a PEG ratio of 3.44 and a beta of 1.76.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. LADENBURG THALM/SH SH cut their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Truist Financial raised their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Jefferies Financial Group dropped their price objective on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Morgan Stanley restated an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Finally, Piper Sandler cut their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.28.

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.