14,912 Shares in Perrigo Company plc (NYSE:PRGO) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,912 shares of the company's stock, valued at approximately $383,000.

Several other large investors have also recently bought and sold shares of PRGO. Headlands Technologies LLC lifted 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 in 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 worth $108,000 after acquiring an additional 2,084 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Perrigo during the fourth quarter worth $149,000. State of Wyoming boosted its position in Perrigo by 21.9% during the fourth quarter. State of Wyoming now owns 8,002 shares of the company's stock valued at $206,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in Perrigo by 51.8% in the fourth quarter. Sterling Capital Management LLC now owns 8,144 shares of the company's stock valued at $209,000 after purchasing an additional 2,780 shares in the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

Perrigo Stock Up 0.3%

Shares of PRGO traded up $0.07 during mid-day trading on Friday, hitting $26.04. 287,711 shares of the company's stock were exchanged, compared to its average volume of 1,491,358. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -22.25 and a beta of 0.45. The firm has a fifty day moving average of $25.99 and a two-hundred day moving average of $26.19. 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 Company plc has a twelve month low of $23.14 and a twelve month high of $30.93.

Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.60 earnings per share for the quarter, topping 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 company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business's quarterly revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Announces Dividend

The company also recently disclosed 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 4.45%. The ex-dividend date of this dividend is Friday, May 30th. Perrigo's dividend payout ratio is currently -88.55%.

Insider Activity at Perrigo

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 stock was sold at an average price of $27.44, for a total value of $214,032.00. Following the sale, the executive vice president now owns 33,666 shares of the company's stock, valued at $923,795.04. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.