Bank of New York Mellon Corp Has $11.09 Million Stock Position in Central Garden & Pet Company $CENTA

Key Points

• Bank of New York Mellon reduced its Central Garden & Pet stake by 7.5% in the first quarter, selling 27,880 shares and retaining 342,049 shares valued at approximately $11.09 million.
• Central Garden & Pet reported quarterly EPS of $1.29, beating estimates of $1.08, while revenue reached $906.15 million versus the $846.58 million consensus forecast.
• Analyst sentiment remains moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $46.67, compared with the stock’s reported price of $37.91.

Bank of New York Mellon Corp reduced its position in Central Garden & Pet Company (NASDAQ:CENTA - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 342,049 shares of the company's stock after selling 27,880 shares during the period. Bank of New York Mellon Corp owned about 0.55% of Central Garden & Pet worth $11,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CENTA. Aster Capital Management DIFC Ltd acquired a new stake in shares of Central Garden & Pet during the 4th quarter valued at about $25,000. Advisory Services Network LLC acquired a new position in Central Garden & Pet in the third quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 817 shares during the last quarter. IFP Advisors Inc raised 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 valued at $33,000 after acquiring an additional 752 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised 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 valued at $48,000 after acquiring an additional 1,410 shares in the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

Central Garden & Pet Trading Down 0.4%

NASDAQ:CENTA opened at $37.91 on Friday. Central Garden & Pet Company has a 12 month low of $25.97 and a 12 month high of $39.99. The firm 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 quick ratio of 2.16, a current ratio of 3.45 and a debt-to-equity ratio of 0.72. The company's 50 day moving average is $37.25 and its 200-day moving average is $34.34.

Central Garden & Pet (NASDAQ:CENTA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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. Equities analysts anticipate that Central Garden & Pet Company will post 2.89 EPS for the current year.

Analyst Ratings Changes

CENTA has been the subject of several recent research reports. Canaccord Genuity Group decreased 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 report on Wednesday, June 17th. Weiss Ratings raised shares of Central Garden & Pet from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of Central Garden & Pet from $32.00 to $37.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. Zacks Research cut shares of Central Garden & Pet from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Central Garden & Pet from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Central Garden & Pet has an average rating of "Moderate Buy" and a consensus price target of $46.67.

About Central Garden & Pet

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.

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