SCHEDULE 13G/A: Pacer Funds Trust Amends Passive Stake in Central Garden & Pet Company

Pacer US Small Cap Cash Cows ETF, along with Pacer Advisors, Inc. and Joe M. Thomson, has filed an amended Schedule 13G, disclosing a continued passive beneficial ownership of 1.13% in Central Garden & Pet Company.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the Reporting Persons) have filed an Amendment No. 1 to their Schedule 13G.
• The filing reports a beneficial ownership of 121,026 shares of Common Stock in Central Garden & Pet Company.
• This ownership represents 1.13% of the Issuer's outstanding Common Stock, calculated based on 10,718,231 shares outstanding as of December 31, 2024.
• The Reporting Persons share both voting and dispositive power over all 121,026 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G Amendment) disclosing a passive beneficial ownership stake. It contains no new financial performance data, strategic updates, or significant changes that would alter the sentiment towards the company. The disclosed stake is relatively small (1.13%) and is explicitly stated as not being for the purpose of influencing control, indicating a neutral impact.

Positives

• The filing indicates continued passive investment by institutional entities, suggesting a stable, non-activist holding in Central Garden & Pet Company.

Negatives

• No specific negative information regarding Central Garden & Pet Company is disclosed in this beneficial ownership filing.

Risks

• This Schedule 13G filing does not contain specific risk factors related to Central Garden & Pet Company's operations or financial health, as its primary purpose is to disclose beneficial ownership.

Future Outlook

This Schedule 13G filing does not provide any forward-looking statements or guidance regarding Central Garden & Pet Company's future performance or strategic direction.

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive dynamics within the pet and garden products sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a passive institutional holding, confirming a stable, non-activist investor base.
• Management: No direct impact on management or operations, as the stake is passive and below the threshold for significant influence.

Next Steps

• The Reporting Persons will be required to file further amendments to this Schedule 13G if their beneficial ownership percentage changes significantly (e.g., crosses a 1% threshold up or down) or if their investment intent changes from passive to active.

Key Dates

Keywords

Central Garden & Pet Company, Pacer US Small Cap Cash Cows ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Passive Investment, SEC Filing