Royal Bank of Canada Trims Stake in Celsius Holdings Inc.

The Royal Bank of Canada recently disclosed its stake in Celsius Holdings Inc., a company that specializes in functional beverages. The bank's most recent filing with the SEC revealed it owns 160,622 shares of CELH stock, valued at $5.7 million. This represents a 46.2% decrease in Royal Bank of Canada's stake in the company from the previous quarter.

This is not an isolated instance; other large investors have also made significant changes to their positions in CELH. Vanguard Group Inc., for example, increased its holdings by 4.6% during the fourth quarter and now owns 18,074,995 shares worth $826.75 million. Geode Capital Management LLC raised its stake by 8.4% in the same period.

Celsius Holdings has a market capitalization of $6.99 billion and is known for its line of fitness and energy drinks. The company's flagship product features ingredients like green tea extract, guarana seed extract, and essential vitamins. Analysts have mixed views on Celsius' prospects, with some upgrading their price targets while others downgrading them.