BW Gestao de Investimentos Ltda. Grows Position in Perrigo Company plc (NYSE:PRGO)

BW Gestao de Investimentos Ltda. raised its position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 111.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,097,192 shares of the company's stock after purchasing an additional 578,597 shares during the period. Perrigo accounts for approximately 0.9% of BW Gestao de Investimentos Ltda.'s portfolio, making the stock its 8th largest holding. BW Gestao de Investimentos Ltda. owned 0.80% of Perrigo worth $28,209,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC boosted its holdings in Perrigo by 1,942.0% in the 4th quarter. Headlands Technologies LLC now owns 1,409 shares of the company's stock worth $36,000 after buying an additional 1,340 shares during the period. Versant Capital Management Inc bought a new position in shares of Perrigo in the fourth quarter worth $45,000. GAMMA Investing LLC grew its position in shares of Perrigo by 93.7% in the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock valued at $49,000 after purchasing an additional 929 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in Perrigo by 33.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock worth $51,000 after purchasing an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Perrigo by 97.8% during the 4th quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company's stock worth $108,000 after purchasing an additional 2,084 shares in the last quarter. 95.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $27.44, for a total value of $214,032.00. Following the completion of the sale, the executive vice president now directly owns 33,666 shares in the company, valued at $923,795.04. This trade represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Perrigo Price Performance

Shares of Perrigo stock traded down $0.62 on Tuesday, hitting $24.62. 2,342,666 shares of the company traded hands, compared to its average volume of 1,525,606. Perrigo Company plc has a 12-month low of $23.14 and a 12-month high of $33.35. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.36 billion, a P/E ratio of -21.04 and a beta of 0.45. The firm's 50-day simple moving average is $26.58 and its 200 day simple moving average is $26.10.

Perrigo (NYSE:PRGO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. Analysts expect that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 4.71%. Perrigo's dividend payout ratio is presently -92.80%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PRGO. Argus cut Perrigo from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. StockNews.com cut shares of Perrigo from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Piper Sandler lowered shares of Perrigo from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $34.00 to $27.00 in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $33.00.

Perrigo Company Profile

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.