Perrigo Company plc (NYSE:PRGO) Shares Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC increased its stake in Perrigo Company plc (NYSE:PRGO - Free Report) by 64.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372,328 shares of the company's stock after acquiring an additional 145,383 shares during the period. Perrigo makes up approximately 1.1% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 6th biggest position. Keeley Teton Advisors LLC owned approximately 0.27% of Perrigo worth $9,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PRGO. Headlands Technologies LLC boosted its stake in Perrigo by 1,942.0% during the 4th quarter. Headlands Technologies LLC now owns 1,409 shares of the company's stock valued at $36,000 after purchasing an additional 1,340 shares in the last quarter. Versant Capital Management Inc bought a new position in Perrigo during the fourth quarter valued at about $45,000. GAMMA Investing LLC grew its holdings in Perrigo by 93.7% during 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 raised its position 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 acquiring an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Perrigo by 97.8% in 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. Institutional investors and hedge funds own 95.91% of the company's stock.

Perrigo Stock Up 0.8 %

PRGO stock traded up $0.21 during midday trading on Friday, reaching $25.35. The company had a trading volume of 848,405 shares, compared to its average volume of 1,526,585. The company has a 50 day moving average of $26.49 and a two-hundred day moving average of $26.05. 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 1 year low of $23.14 and a 1 year high of $33.46. The company 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 released its quarterly earnings data on Thursday, February 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.20 billion. On average, equities research analysts expect 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. Stockholders of record on Friday, March 7th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Friday, March 7th. This is an increase from Perrigo's previous quarterly dividend of $0.28. Perrigo's dividend payout ratio is -92.80%.

Insider Activity

In related news, EVP Ronald Craig Janish sold 7,800 shares of the company's stock in a transaction on Monday, March 10th. The shares were 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 directly owns 33,666 shares of the company's stock, valued at approximately $923,795.04. This represents a 18.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PRGO shares. Piper Sandler cut shares of Perrigo from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $34.00 to $27.00 in a research note on Monday, January 6th. Argus lowered shares of Perrigo from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, StockNews.com cut Perrigo from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. 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, Perrigo currently has a consensus rating of "Hold" and an average price target of $33.00.

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.