BW Gestao de Investimentos Ltda. Has $28.21 Million Stock Holdings in Perrigo Company plc (NYSE:PRGO)

BW Gestao de Investimentos Ltda. increased its holdings in Perrigo Company plc (NYSE:PRGO - Free Report) by 111.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,097,192 shares of the company's stock after acquiring an additional 578,597 shares during the quarter. Perrigo comprises approximately 0.9% of BW Gestao de Investimentos Ltda.'s portfolio, making the stock its 8th biggest position. BW Gestao de Investimentos Ltda. owned 0.80% of Perrigo worth $28,209,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its stake in Perrigo by 8.8% during the fourth quarter. Baird Financial Group Inc. now owns 13,029 shares of the company's stock worth $335,000 after acquiring an additional 1,053 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Perrigo by 80.7% in the 4th quarter. BNP Paribas Financial Markets now owns 207,717 shares of the company's stock worth $5,340,000 after purchasing an additional 92,780 shares in the last quarter. Fifth Lane Capital LP purchased a new stake in shares of Perrigo in the 4th quarter worth approximately $399,000. Parvin Asset Management LLC bought a new position in Perrigo during the 4th quarter valued at approximately $212,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in Perrigo by 56.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 29,440 shares of the company's stock valued at $757,000 after buying an additional 10,635 shares during the last quarter. Institutional investors own 95.91% of the company's stock.

Insider Activity at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.44, for a total value of $214,032.00. Following the transaction, the executive vice president now directly owns 33,666 shares in the company, valued at approximately $923,795.04. This trade represents a 18.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PRGO has been the subject of several analyst reports. StockNews.com downgraded Perrigo from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Argus cut shares of Perrigo from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Perrigo has a consensus rating of "Hold" and an average price target of $33.00.

Perrigo Stock Performance

Shares of Perrigo stock traded up $0.26 during trading on Friday, hitting $27.06. 819,276 shares of the company's stock traded hands, compared to its average volume of 1,523,957. Perrigo Company plc has a 1 year low of $23.14 and a 1 year high of $31.32. The business has a 50-day simple moving average of $26.48 and a 200-day simple moving average of $26.10. The stock has a market capitalization of $3.69 billion, a P/E ratio of -23.13 and a beta of 0.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.56 and a quick ratio of 1.77.

Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.09 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. As a group, analysts forecast that Perrigo Company plc will post 2.56 EPS for the current year.

Perrigo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, May 30th. Perrigo's payout ratio is currently -88.55%.

About Perrigo

Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.