AGF Management Ltd. Buys Shares of 91,922 Perrigo Company plc (NYSE:PRGO)

AGF Management Ltd. bought a new stake in Perrigo Company plc (NYSE:PRGO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 91,922 shares of the company's stock, valued at approximately $2,363,000. AGF Management Ltd. owned approximately 0.07% of Perrigo at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc acquired a new position in shares of Perrigo in the 3rd quarter valued at $208,000. Venturi Wealth Management LLC bought a new stake in Perrigo in the third quarter valued at about $56,000. Victory Capital Management Inc. raised its position in Perrigo by 1.2% in the third quarter. Victory Capital Management Inc. now owns 1,422,288 shares of the company's stock worth $37,307,000 after purchasing an additional 16,735 shares in the last quarter. KBC Group NV lifted its stake in Perrigo by 25.1% during the third quarter. KBC Group NV now owns 4,517 shares of the company's stock worth $118,000 after purchasing an additional 905 shares during the period. Finally, Nicola Wealth Management LTD. boosted its holdings in Perrigo by 59.0% during the third quarter. Nicola Wealth Management LTD. now owns 159,000 shares of the company's stock valued at $4,171,000 after purchasing an additional 59,000 shares in the last quarter. 95.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ronald Craig Janish sold 7,800 shares of Perrigo stock in a transaction that occurred 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 transaction, the executive vice president now owns 33,666 shares of the company's stock, valued at $923,795.04. This trade represents a 18.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

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Analysts Set New Price Targets

Several research firms recently commented on PRGO. StockNews.com downgraded Perrigo from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Piper Sandler lowered Perrigo from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $34.00 to $27.00 in a research note on Monday, January 6th. Finally, Argus downgraded shares of 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 MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $33.00.

Perrigo Trading Up 3.7 %

Perrigo stock traded up $1.01 during mid-day trading on Monday, hitting $28.27. The stock had a trading volume of 1,795,376 shares, compared to its average volume of 1,428,779. The stock has a 50-day simple moving average of $25.42 and a two-hundred day simple moving average of $26.17. 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 stock has a market capitalization of $3.86 billion, a PE ratio of -24.16 and a beta of 0.48. Perrigo Company plc has a 12 month low of $23.14 and a 12 month high of $33.46.

Perrigo (NYSE:PRGO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.92 by $0.01. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. As a group, sell-side analysts forecast that Perrigo Company plc will post 2.56 EPS for the current year.

Perrigo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th will be given a $0.29 dividend. This is a positive change from Perrigo's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, March 7th. Perrigo's dividend payout ratio (DPR) 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.