Millennium Management LLC Has $996,000 Stake in Perrigo Company plc (NYSE:PRGO)

Millennium Management LLC reduced its stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 94.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,743 shares of the company's stock after selling 674,722 shares during the period. Millennium Management LLC's holdings in Perrigo were worth $996,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. 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 worth $36,000 after acquiring an additional 1,340 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Perrigo by 97.8% in the fourth quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company's stock valued at $108,000 after purchasing an additional 2,084 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Perrigo during the fourth quarter worth about $149,000. Sterling Capital Management LLC grew its holdings in shares of Perrigo by 51.8% during the fourth quarter. Sterling Capital Management LLC now owns 8,144 shares of the company's stock worth $209,000 after buying an additional 2,780 shares in the last quarter. Finally, Parvin Asset Management LLC bought a new position in shares of Perrigo during the fourth quarter worth about $212,000. Institutional investors own 95.91% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the firm's stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company's stock.

Perrigo Stock Up 0.8%

Shares of NYSE PRGO traded up $0.21 during mid-day trading on Friday, hitting $26.18. The company had a trading volume of 800,985 shares, compared to its average volume of 1,488,857. 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 firm has a 50-day simple moving average of $25.99 and a two-hundred day simple moving average of $26.19. The company has a market capitalization of $3.60 billion, a PE ratio of -22.38 and a beta of 0.45. Perrigo Company plc has a one year low of $23.14 and a one year high of $30.93.

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

Perrigo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.43%. Perrigo's payout ratio is -88.55%.

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.