ProShare Advisors LLC increased its position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,331,919 shares of the company's stock after acquiring an additional 188,282 shares during the quarter. ProShare Advisors LLC owned approximately 0.98% of Perrigo worth $34,244,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its stake in Perrigo by 687.2% during the fourth quarter. Quantinno Capital Management LP now owns 155,033 shares of the company's stock worth $3,986,000 after purchasing an additional 135,338 shares during the period. Nomura Holdings Inc. purchased a new position in Perrigo during the fourth quarter worth approximately $465,000. Deprince Race & Zollo Inc. raised its stake in Perrigo by 1.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 4,557,844 shares of the company's stock worth $117,182,000 after purchasing an additional 50,728 shares during the period. Boone Capital Management LLC raised its stake in Perrigo by 126.1% during the fourth quarter. Boone Capital Management LLC now owns 1,022,369 shares of the company's stock worth $26,285,000 after purchasing an additional 570,148 shares during the period. Finally, BW Gestao de Investimentos Ltda. raised its stake in Perrigo by 111.6% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 1,097,192 shares of the company's stock worth $28,209,000 after purchasing an additional 578,597 shares during the period. Institutional investors and hedge funds own 95.91% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Perrigo from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Four investment 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 stock currently has an average rating of "Hold" and a consensus target price of $33.00.
Check Out Our Latest Stock Analysis on PRGO
Perrigo Trading Up 0.6%
Shares of PRGO stock traded up $0.15 during mid-day trading on Monday, reaching $27.20. The company's stock had a trading volume of 1,023,214 shares, compared to its average volume of 1,532,399. The company's 50 day simple moving average is $26.25 and its 200-day simple moving average is $26.15. Perrigo Company plc has a 12-month low of $23.14 and a 12-month high of $30.93. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.74 billion, a PE ratio of -23.25 and a beta of 0.45.
Perrigo (NYSE:PRGO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.04. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.29 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts predict that Perrigo Company plc will post 2.56 EPS for the current fiscal year.
Perrigo Announces Dividend
The company 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 dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Friday, May 30th. Perrigo's dividend payout ratio (DPR) is -88.55%.
Insider Buying and Selling
In related news, EVP Ronald Craig Janish sold 7,800 shares of Perrigo 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 sale, the executive vice president now owns 33,666 shares of the company's stock, valued at $923,795.04. The trade was a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.
About Perrigo
(
Free Report)
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.
Featured Stories
Before you consider Perrigo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perrigo wasn't on the list.
While Perrigo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
