NBC Securities Inc. Acquires 11,124 Shares of Perrigo Company plc (NYSE:PRGO)

NBC Securities Inc. increased its stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 111,240.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,134 shares of the company's stock after acquiring an additional 11,124 shares during the period. NBC Securities Inc.'s holdings in Perrigo were worth $312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in Perrigo by 44.8% in the 3rd quarter. Barclays PLC now owns 120,502 shares of the company's stock valued at $3,160,000 after buying an additional 37,268 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Perrigo in the 4th quarter valued at $149,000. Allspring Global Investments Holdings LLC increased its stake in Perrigo by 5.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,092,398 shares of the company's stock valued at $28,402,000 after buying an additional 52,696 shares during the last quarter. Rhumbline Advisers increased its stake in Perrigo by 0.4% in the 4th quarter. Rhumbline Advisers now owns 370,085 shares of the company's stock valued at $9,515,000 after buying an additional 1,549 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Perrigo by 13.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 77,062 shares of the company's stock valued at $1,981,000 after buying an additional 9,178 shares during the last quarter. 95.91% of the stock is currently owned by institutional investors and hedge funds.

Perrigo Stock Performance

Shares of PRGO traded up $0.21 during midday trading on Friday, reaching $26.18. The stock had a trading volume of 800,985 shares, compared to its average volume of 1,489,913. The firm has a 50 day simple moving average of $25.96 and a 200-day simple moving average of $26.16. Perrigo Company plc has a one year low of $23.14 and a one year high of $30.93. The firm has a market cap of $3.60 billion, a PE ratio of -22.38 and a beta of 0.46. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94.

Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.29 EPS. The company's quarterly revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Perrigo Company plc will post 2.56 EPS for the current 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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Friday, May 30th. Perrigo's payout ratio is -88.55%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Perrigo from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $33.00.

Insider Buying and Selling

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

Perrigo 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.