Celsius Holdings jumps after PepsiCo increases stake

Celsius Holdings

29/08/2025 15:21

** Shares of energy drink maker Celsius Holding CELH.O rise as much as 6% to $63.29, highest since June 2024

** Pepsico PEP.O increases its stake in CELH in $585 million deal

     ** PEP buys 5% in Celsius' preferred stock, bringing stake to about 11% after conversion

** Beverage makers are pursuing energy and non-soda brand deals, driven by rising demand for healthier products.

** Up to last close, CELH stock up about 126%, PEP down about 3% YTD

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