Bank of New York Mellon Corp Sells 27,880 Shares of Central Garden & Pet Company $CENTA

Bank of New York Mellon Corp lowered its holdings in Central Garden & Pet Company (NASDAQ:CENTA) by 7.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 342,049 shares of the company’s stock after selling 27,880 shares during the quarter. Bank of New York Mellon Corp’s holdings in Central Garden & Pet were worth $11,089,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CENTA. Aster Capital Management DIFC Ltd acquired a new position in shares of Central Garden & Pet during the fourth quarter worth approximately $25,000. Advisory Services Network LLC acquired a new stake in shares of Central Garden & Pet in the third quarter worth $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Central Garden & Pet by 444.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,001 shares of the company’s stock worth $31,000 after acquiring an additional 817 shares during the last quarter. IFP Advisors Inc increased its position in Central Garden & Pet by 198.4% during the fourth quarter. IFP Advisors Inc now owns 1,131 shares of the company’s stock worth $33,000 after acquiring an additional 752 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in Central Garden & Pet by 577.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,654 shares of the company’s stock worth $48,000 after acquiring an additional 1,410 shares during the period. 50.82% of the stock is owned by institutional investors.

Central Garden & Pet Trading Down 0.4%

Shares of CENTA stock opened at $37.91 on Friday. Central Garden & Pet Company has a 52-week low of $25.97 and a 52-week high of $39.99. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 13.79 and a beta of 0.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.16 and a current ratio of 3.45. The firm has a fifty day moving average of $37.25 and a 200-day moving average of $34.34.

Central Garden & Pet (NASDAQ:CENTA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.21. Central Garden & Pet had a net margin of 5.42% and a return on equity of 11.55%. The company had revenue of $906.15 million during the quarter, compared to the consensus estimate of $846.58 million. Central Garden & Pet has set its FY 2026 guidance at 2.700- EPS. On average, equities research analysts forecast that Central Garden & Pet Company will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CENTA shares. Zacks Research downgraded shares of Central Garden & Pet from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Central Garden & Pet from $32.00 to $37.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Canaccord Genuity Group reduced their target price on shares of Central Garden & Pet from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Weiss Ratings upgraded Central Garden & Pet from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised Central Garden & Pet from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.67.

Central Garden & Pet Company Profile

Central Garden & Pet Co is a leading producer, marketer and distributor of branded consumable gardening products and pet supplies in North America. Headquartered in Walnut Creek, California, the company serves both retail and wholesale customers through a network of distribution centers across the United States and Canada. Operating under the ticker symbol CENTA on the NASDAQ exchange, Central Garden & Pet has been publicly traded since 2003.

The company’s Garden segment offers a broad portfolio of lawn and garden care solutions, including fertilizers, weed and pest control products, soil and mulch, and plant care accessories.