Gamco Investors INC. ET AL Cuts Stock Holdings in Perrigo Company plc (NYSE:PRGO)

Gamco Investors INC. ET AL trimmed its holdings in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 742,822 shares of the company's stock after selling 28,933 shares during the period. Gamco Investors INC. ET AL owned approximately 0.54% of Perrigo worth $19,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PRGO. Headlands Technologies LLC boosted its position 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 buying an additional 1,340 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Perrigo during the 4th quarter valued at about $45,000. GAMMA Investing LLC grew its stake in shares of Perrigo by 93.7% in the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock worth $49,000 after acquiring an additional 929 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of Perrigo by 33.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock worth $51,000 after acquiring an additional 500 shares during the period. Finally, 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 purchasing an additional 2,084 shares during the last quarter. Institutional investors own 95.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PRGO. Piper Sandler downgraded shares of Perrigo from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $34.00 to $27.00 in a research report on Monday, January 6th. StockNews.com cut Perrigo from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Argus cut Perrigo from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $33.00.

Insider Activity at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.44, for a total transaction of $214,032.00. Following the sale, the executive vice president now directly owns 33,666 shares of the company's stock, valued at $923,795.04. This trade 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 corporate insiders.

Perrigo Stock Performance

Shares of NYSE:PRGO traded down $0.71 during midday trading on Monday, hitting $24.61. The company had a trading volume of 172,041 shares, compared to its average volume of 1,521,312. The company has a market cap of $3.36 billion, a price-to-earnings ratio of -21.03 and a beta of 0.49. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.56 and a quick ratio of 1.77. The company has a fifty day moving average of $26.49 and a two-hundred day moving average of $26.06. Perrigo Company plc has a 12-month low of $23.14 and a 12-month high of $33.46.

Perrigo (NYSE:PRGO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. On average, equities research analysts expect that Perrigo Company plc will post 2.56 EPS for the current fiscal year.

Perrigo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.71%. This is an increase from Perrigo's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, March 7th. Perrigo's dividend payout ratio (DPR) is presently -92.80%.

Perrigo 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.