Stifel Financial Corp Has $3.70 Million Stake in Perrigo Company plc (NYSE:PRGO)

Stifel Financial Corp lifted its holdings in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,834 shares of the company's stock after acquiring an additional 10,556 shares during the period. Stifel Financial Corp owned 0.11% of Perrigo worth $3,698,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PRGO. Dimensional Fund Advisors LP lifted its holdings in shares of Perrigo by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,989,530 shares of the company's stock worth $179,698,000 after purchasing an additional 27,835 shares during the period. Cooke & Bieler LP lifted its stake in shares of Perrigo by 4.1% in the 4th quarter. Cooke & Bieler LP now owns 3,573,651 shares of the company's stock worth $91,879,000 after acquiring an additional 139,650 shares during the period. Sound Shore Management Inc. CT boosted its holdings in shares of Perrigo by 0.4% in the fourth quarter. Sound Shore Management Inc. CT now owns 2,668,780 shares of the company's stock valued at $68,614,000 after acquiring an additional 9,868 shares in the last quarter. Invesco Ltd. increased its stake in shares of Perrigo by 8.1% during the fourth quarter. Invesco Ltd. now owns 1,565,551 shares of the company's stock worth $40,250,000 after acquiring an additional 117,469 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in Perrigo by 44.9% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,525,197 shares of the company's stock worth $39,213,000 after purchasing an additional 472,958 shares in the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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 directly owns 33,666 shares in the company, valued at approximately $923,795.04. The trade was a 18.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Perrigo Price Performance

Shares of PRGO traded up $1.46 during mid-day trading on Wednesday, reaching $26.14. 722,102 shares of the company's stock were exchanged, compared to its average volume of 1,588,389. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94. Perrigo Company plc has a 52-week low of $23.14 and a 52-week high of $31.56. The company has a 50-day simple moving average of $26.58 and a two-hundred day simple moving average of $26.10. The company has a market cap of $3.57 billion, a price-to-earnings ratio of -22.30 and a beta of 0.45.

Perrigo (NYSE:PRGO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.07. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The company's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share. On average, sell-side analysts predict that Perrigo Company plc will post 2.56 EPS for the current fiscal year.

Perrigo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 4.44%. Perrigo's dividend payout ratio is currently -92.80%.

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.