Central Garden & Pet (NASDAQ:CENTA) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its holdings in shares of Central Garden & Pet (NASDAQ:CENTA) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 892,314 shares of the company’s stock after selling 5,690 shares during the period. Geode Capital Management LLC’s holdings in Central Garden & Pet were worth $28,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CENTA. Quarry LP boosted its holdings in Central Garden & Pet by 503.2% in the 2nd quarter. Quarry LP now owns 754 shares of the company’s stock valued at $25,000 after purchasing an additional 629 shares in the last quarter. Federated Hermes Inc. purchased a new position in Central Garden & Pet in the 2nd quarter valued at approximately $26,000. Quest Partners LLC purchased a new position in shares of Central Garden & Pet in the second quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Central Garden & Pet in the 2nd quarter worth about $61,000. Finally, CWM LLC raised its position in Central Garden & Pet by 72.6% during the third quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $61,000 after acquiring an additional 823 shares during the last quarter. Hedge funds and other institutional investors own 50.82% of the company’s stock.

Analyst Upgrades and Downgrades

CENTA has been the topic of several recent research reports. StockNews.com downgraded Central Garden & Pet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut their target price on shares of Central Garden & Pet from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $41.33.

Central Garden & Pet Stock Performance

Central Garden & Pet stock opened at $33.36 on Friday. The stock has a fifty day moving average price of $32.46 and a 200 day moving average price of $32.66. Central Garden & Pet has a 52 week low of $27.70 and a 52 week high of $41.03. The firm has a market capitalization of $2.19 billion, a P/E ratio of 20.62 and a beta of 0.78. The company has a current ratio of 3.66, a quick ratio of 2.19 and a debt-to-equity ratio of 0.76.

Central Garden & Pet Profile

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.