Perrigo Company plc (NYSE:PRGO) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 74.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,244 shares of the company's stock after selling 205,442 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.05% of Perrigo worth $1,857,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Perrigo during the 4th quarter worth approximately $45,000. GAMMA Investing LLC grew its position in Perrigo by 93.7% during the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock valued at $49,000 after buying an additional 929 shares during the period. Central Pacific Bank Trust Division increased its holdings in Perrigo by 33.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock valued at $51,000 after buying an additional 500 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of 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 during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Perrigo during the 4th quarter worth about $149,000. Hedge funds and other institutional investors own 95.91% of the company's stock.

Perrigo Price Performance

NYSE:PRGO traded up $0.13 during trading hours on Wednesday, hitting $25.19. 140,419 shares of the stock were exchanged, compared to its average volume of 1,518,229. The firm's fifty day moving average price is $26.43 and its 200 day moving average price is $26.06. Perrigo Company plc has a 52-week low of $20.66 and a 52-week high of $33.46. The company has a market cap of $3.44 billion, a P/E ratio of -21.49 and a beta of 0.49. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94.

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Perrigo (NYSE:PRGO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.93 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.20 billion. As a group, equities research analysts anticipate that Perrigo Company plc will post 2.56 EPS for the current fiscal year.

Perrigo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Friday, March 7th were issued a $0.29 dividend. This is an increase from Perrigo's previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 7th. This represents a $1.16 dividend on an annualized basis and a yield of 4.61%. Perrigo's dividend payout ratio is presently -92.80%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PRGO shares. Piper Sandler lowered Perrigo from an "overweight" rating to a "neutral" rating and cut their price target for the company from $34.00 to $27.00 in a research note on Monday, January 6th. StockNews.com cut Perrigo from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Argus lowered Perrigo from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Perrigo presently has an average rating of "Hold" and an average price target of $33.00.

Insiders Place Their Bets

In other 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 transaction, the executive vice president now owns 33,666 shares of the company's stock, valued at approximately $923,795.04. The trade was a 18.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company's stock.

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.