Boone Capital Management LLC Has $26.29 Million Stock Holdings in Perrigo Company plc (NYSE:PRGO)

Boone Capital Management LLC grew its position in Perrigo Company plc (NYSE:PRGO - Free Report) by 126.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,369 shares of the company's stock after purchasing an additional 570,148 shares during the period. Perrigo makes up approximately 8.9% of Boone Capital Management LLC's holdings, making the stock its 3rd largest holding. Boone Capital Management LLC owned approximately 0.75% of Perrigo worth $26,285,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PRGO. BW Gestao de Investimentos Ltda. boosted its stake in shares of Perrigo by 111.6% during the 4th quarter. BW Gestao de Investimentos Ltda. now owns 1,097,192 shares of the company's stock valued at $28,209,000 after buying an additional 578,597 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Perrigo by 8.8% during the 4th quarter. Baird Financial Group Inc. now owns 13,029 shares of the company's stock valued at $335,000 after purchasing an additional 1,053 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Perrigo by 80.7% during the fourth quarter. BNP Paribas Financial Markets now owns 207,717 shares of the company's stock worth $5,340,000 after buying an additional 92,780 shares during the period. Fifth Lane Capital LP bought a new stake in shares of Perrigo during the fourth quarter valued at about $399,000. Finally, Parvin Asset Management LLC acquired a new stake in shares of Perrigo in the 4th quarter worth approximately $212,000. Hedge funds and other institutional investors own 95.91% of the company's stock.

Perrigo Stock Performance

Shares of Perrigo stock traded up $0.20 on Friday, reaching $27.00. The stock had a trading volume of 1,451,511 shares, compared to its average volume of 1,530,788. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. The business's 50-day moving average price is $26.43 and its two-hundred day moving average price is $26.12. The stock has a market cap of $3.68 billion, a P/E ratio of -23.08 and a beta of 0.45. Perrigo Company plc has a fifty-two week low of $23.14 and a fifty-two week high of $31.17.

Perrigo (NYSE:PRGO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.09 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Perrigo Company plc will post 2.56 EPS for the current year.

Perrigo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, May 30th. Perrigo's dividend payout ratio is -88.55%.

Insider Transactions at Perrigo

In related news, EVP Ronald Craig Janish sold 7,800 shares of Perrigo stock in a transaction 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 completion of the sale, the executive vice president now directly owns 33,666 shares of the company's stock, valued at $923,795.04. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Perrigo from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Argus downgraded Perrigo from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Perrigo presently has an average rating of "Hold" and a consensus target price of $33.00.

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.