Perrigo Company plc (NYSE:PRGO) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,343,862 shares of the company's stock after selling 15,210 shares during the period. Geode Capital Management LLC owned approximately 1.72% of Perrigo worth $60,280,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PRGO. Versant Capital Management Inc bought a new stake in Perrigo during the 4th quarter valued at about $45,000. GAMMA Investing LLC grew its position in shares of Perrigo by 93.7% in the 4th quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock worth $49,000 after buying an additional 929 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in 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 purchasing an additional 500 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of 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 purchasing an additional 2,084 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Perrigo during the 4th quarter valued at about $149,000. Institutional investors own 95.91% of the company's stock.

Insider Buying and Selling

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the business'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 completion of the sale, the executive vice president now owns 33,666 shares of the company's stock, valued at approximately $923,795.04. The trade was 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 accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Perrigo Stock Up 0.8 %

NYSE:PRGO traded up $0.21 during midday trading on Friday, hitting $25.35. 848,405 shares of the company were exchanged, compared to its average volume of 1,522,946. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. Perrigo Company plc has a fifty-two week low of $23.14 and a fifty-two week high of $33.46. The company has a market capitalization of $3.46 billion, a PE ratio of -21.66 and a beta of 0.49. The company has a fifty day simple moving average of $26.46 and a 200 day simple moving average of $26.04.

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

Perrigo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were given a dividend of $0.29 per share. This is an increase from Perrigo's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.16 annualized dividend and a yield of 4.58%. 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.