O Keefe Stevens Advisory Inc. Increases Holdings in Perrigo Company plc (NYSE:PRGO)

O Keefe Stevens Advisory Inc. raised its position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,713 shares of the company's stock after acquiring an additional 10,584 shares during the quarter. Perrigo makes up about 1.9% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its 18th largest holding. O Keefe Stevens Advisory Inc. owned 0.15% of Perrigo worth $5,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PRGO. Headlands Technologies LLC raised its holdings in shares of Perrigo by 1,942.0% during the fourth quarter. Headlands Technologies LLC now owns 1,409 shares of the company's stock valued at $36,000 after acquiring an additional 1,340 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Perrigo by 176.9% during the first quarter. Parallel Advisors LLC now owns 1,714 shares of the company's stock valued at $48,000 after acquiring an additional 1,095 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Perrigo by 50.0% during the first quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the company's stock valued at $84,000 after acquiring an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Perrigo by 97.8% during the fourth quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company's stock valued at $108,000 after acquiring an additional 2,084 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Perrigo during the fourth quarter valued at approximately $149,000. Institutional investors and hedge funds own 95.91% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, EVP Ronald Craig Janish sold 7,800 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.44, for a total transaction of $214,032.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Perrigo Trading Down 0.8%

PRGO stock traded down $0.20 during midday trading on Thursday, hitting $26.06. 390,917 shares of the company's stock were exchanged, compared to its average volume of 1,498,342. The business has a 50-day simple moving average of $26.03 and a two-hundred day simple moving average of $26.19. 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 stock has a market capitalization of $3.58 billion, a PE ratio of -22.27 and a beta of 0.45. Perrigo Company plc has a 1-year low of $23.14 and a 1-year high of $30.93.

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

Perrigo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 4.45%. Perrigo's dividend payout ratio (DPR) 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.