Hudson Portfolio Management LLC Buys 11,424 Shares of Perrigo Company plc (NYSE:PRGO)

Hudson Portfolio Management LLC grew its position in Perrigo Company plc (NYSE:PRGO - Free Report) by 39.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,264 shares of the company's stock after buying an additional 11,424 shares during the quarter. Hudson Portfolio Management LLC's holdings in Perrigo were worth $1,035,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PRGO. Franklin Resources Inc. bought a new position in shares of Perrigo in the 3rd quarter valued at $3,717,000. Barclays PLC grew its position in Perrigo by 44.8% in the third quarter. Barclays PLC now owns 120,502 shares of the company's stock valued at $3,160,000 after acquiring an additional 37,268 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Perrigo by 65.1% during the third quarter. JPMorgan Chase & Co. now owns 541,000 shares of the company's stock worth $14,190,000 after acquiring an additional 213,221 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Perrigo in the third quarter worth about $909,000. Finally, Access Investment Management LLC acquired a new stake in shares of Perrigo in the 4th quarter valued at approximately $7,989,000. Institutional investors own 95.91% of the company's stock.

Analyst Upgrades and Downgrades

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

Perrigo Price Performance

Shares of NYSE:PRGO traded up $0.21 during trading on Friday, reaching $25.35. The company had a trading volume of 848,405 shares, 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. The company has a fifty day moving average of $26.46 and a two-hundred day moving average of $26.04. Perrigo Company plc has a 12 month low of $23.14 and a 12 month high of $33.46. The stock has a market capitalization of $3.46 billion, a P/E ratio of -21.66 and a beta of 0.49.

Perrigo (NYSE:PRGO - Get Free Report) last announced 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 business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.20 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. Equities research analysts forecast that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Perrigo's previous quarterly dividend of $0.28. Perrigo's dividend payout ratio (DPR) is presently -92.80%.

Insider Buying and Selling

In other 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 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 represents a 18.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate 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.