Deprince Race & Zollo Inc. Has $117.18 Million Holdings in Perrigo Company plc (NYSE:PRGO)

Deprince Race & Zollo Inc. grew its position in Perrigo Company plc (NYSE:PRGO - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,557,844 shares of the company's stock after purchasing an additional 50,728 shares during the period. Perrigo comprises about 2.3% of Deprince Race & Zollo Inc.'s holdings, making the stock its 2nd largest position. Deprince Race & Zollo Inc. owned approximately 3.34% of Perrigo worth $117,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PRGO. Barclays PLC raised its position in Perrigo by 44.8% during the third quarter. Barclays PLC now owns 120,502 shares of the company's stock valued at $3,160,000 after acquiring an additional 37,268 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Perrigo by 29.4% in the 3rd quarter. Tidal Investments LLC now owns 54,830 shares of the company's stock valued at $1,438,000 after purchasing an additional 12,456 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Perrigo in the 3rd quarter valued at $3,717,000. JPMorgan Chase & Co. increased its position in Perrigo by 65.1% during the third quarter. JPMorgan Chase & Co. now owns 541,000 shares of the company's stock worth $14,190,000 after buying an additional 213,221 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Perrigo by 93.7% during the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock valued at $49,000 after buying an additional 929 shares in the last quarter. 95.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on PRGO. Argus downgraded Perrigo from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. StockNews.com cut Perrigo from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Perrigo has a consensus rating of "Hold" and an average price target of $33.00.

Insider Activity

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

Perrigo Stock Performance

Shares of Perrigo stock traded down $0.58 during trading on Tuesday, reaching $26.41. The company's stock had a trading volume of 635,241 shares, compared to its average volume of 1,626,221. Perrigo Company plc has a one year low of $23.14 and a one year high of $31.17. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -22.57 and a beta of 0.45. The business's fifty day moving average price is $26.38 and its 200-day moving average price is $26.14.

Perrigo (NYSE:PRGO - Get Free Report) last issued 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 company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.09 billion. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. As a group, equities research analysts predict that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 4.39%. Perrigo's payout ratio is -88.55%.

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.