Universal Beteiligungs und Servicegesellschaft mbH Takes $383,000 Position in Perrigo Company plc (NYSE:PRGO)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Perrigo Company plc (NYSE:PRGO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,912 shares of the company's stock, valued at approximately $383,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PRGO. Price T Rowe Associates Inc. MD boosted its stake in Perrigo by 6,828.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,845,539 shares of the company's stock valued at $201,710,000 after purchasing an additional 7,732,309 shares during the last quarter. Norges Bank purchased a new position in Perrigo in the fourth quarter valued at approximately $36,614,000. Ion Asset Management Ltd. lifted its stake in Perrigo by 50.1% in the fourth quarter. Ion Asset Management Ltd. now owns 2,820,000 shares of the company's stock valued at $72,502,000 after purchasing an additional 941,667 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its stake in Perrigo by 111.6% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 1,097,192 shares of the company's stock valued at $28,209,000 after purchasing an additional 578,597 shares during the last quarter. Finally, Boone Capital Management LLC lifted its position in shares of Perrigo by 126.1% during the fourth quarter. Boone Capital Management LLC now owns 1,022,369 shares of the company's stock worth $26,285,000 after acquiring an additional 570,148 shares in the last quarter. 95.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded 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 given a buy rating to the stock. According to data from MarketBeat, Perrigo presently has an average rating of "Hold" and a consensus target price of $33.00.

Perrigo Price Performance

Shares of PRGO stock traded up $0.21 on Friday, reaching $26.18. The company's stock had a trading volume of 800,985 shares, compared to its average volume of 1,489,913. 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 12-month low of $23.14 and a 12-month high of $30.93. The company has a market capitalization of $3.60 billion, a P/E ratio of -22.38 and a beta of 0.45. The stock's 50 day simple moving average is $25.96 and its 200-day simple moving average is $26.18.

Perrigo (NYSE:PRGO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.60 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.29 earnings per share. The firm's revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts predict that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be given 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 dividend payout ratio (DPR) is presently -88.55%.

Insider Activity at Perrigo

In related news, EVP Ronald Craig Janish sold 7,800 shares of the stock in a transaction 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 transaction, the executive vice president now owns 33,666 shares of the company's stock, valued at $923,795.04. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

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.