Two Sigma Investments LP Acquires 17,106 Shares of Perrigo Company plc (NYSE:PRGO)

Two Sigma Investments LP lifted its stake in Perrigo Company plc (NYSE:PRGO - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,581 shares of the company's stock after purchasing an additional 17,106 shares during the quarter. Two Sigma Investments LP owned 0.08% of Perrigo worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PRGO. Headlands Technologies LLC raised its position in Perrigo by 1,942.0% in the 4th quarter. Headlands Technologies LLC now owns 1,409 shares of the company's stock worth $36,000 after buying an additional 1,340 shares during the last quarter. Venturi Wealth Management LLC raised its position in Perrigo by 97.8% in the 4th quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company's stock worth $108,000 after buying an additional 2,084 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Perrigo in the 4th quarter worth about $149,000. State of Wyoming raised its position in Perrigo by 21.9% in the 4th quarter. State of Wyoming now owns 8,002 shares of the company's stock worth $206,000 after buying an additional 1,440 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Perrigo by 51.8% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 95.91% of the company's stock.

Insider Activity at Perrigo

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 directly owns 33,666 shares in the company, valued at $923,795.04. This represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Perrigo Stock Performance

Shares of Perrigo stock traded down $0.21 during trading hours on Wednesday, reaching $26.31. 1,720,367 shares of the stock traded hands, compared to its average volume of 1,502,646. The company has a 50 day moving average price of $26.03 and a 200 day moving average price of $26.19. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of -22.49 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. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94.

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

Perrigo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors 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 dividend on an annualized basis and a dividend yield of 4.41%. Perrigo's dividend payout ratio (DPR) is presently -88.55%.

Wall Street Analyst Weigh In

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

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.