Nomura Holdings Inc. Makes New $465,000 Investment in Perrigo Company plc (NYSE:PRGO)

Nomura Holdings Inc. bought a new position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,102 shares of the company's stock, valued at approximately $465,000.

Several other hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in Perrigo by 6,828.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,845,539 shares of the company's stock valued at $201,710,000 after acquiring an additional 7,732,309 shares during the period. Norges Bank bought a new stake in Perrigo during the fourth quarter valued at about $36,614,000. Ion Asset Management Ltd. boosted its holdings in Perrigo by 50.1% during the fourth quarter. Ion Asset Management Ltd. now owns 2,820,000 shares of the company's stock valued at $72,502,000 after acquiring an additional 941,667 shares during the period. BW Gestao de Investimentos Ltda. boosted its holdings in Perrigo by 111.6% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 1,097,192 shares of the company's stock valued at $28,209,000 after acquiring an additional 578,597 shares during the period. Finally, Boone Capital Management LLC boosted its holdings in Perrigo by 126.1% during the fourth quarter. Boone Capital Management LLC now owns 1,022,369 shares of the company's stock valued at $26,285,000 after acquiring an additional 570,148 shares during the period. 95.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Perrigo from a "hold" rating to a "buy" rating in a report on Saturday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $33.00.

Perrigo Stock Performance

PRGO stock traded up $0.76 during mid-day trading on Tuesday, reaching $27.32. 921,114 shares of the stock traded hands, compared to its average volume of 1,517,716. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average of $26.14 and a two-hundred day moving average of $26.19. Perrigo Company plc has a 52 week low of $23.14 and a 52 week high of $30.93. The firm has a market capitalization of $3.76 billion, a PE ratio of -23.35 and a beta of 0.45.

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

Perrigo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, May 30th. Perrigo's payout ratio is presently -88.55%.

Insider Activity at Perrigo

In related news, EVP Ronald Craig Janish sold 7,800 shares of the 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

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.