Perrigo Company plc (NYSE:PRGO) Stake Raised by Barclays PLC

Barclays PLC increased its position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 44.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,502 shares of the company's stock after purchasing an additional 37,268 shares during the quarter. Barclays PLC owned 0.09% of Perrigo worth $3,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in shares of Perrigo in the 3rd quarter worth about $1,291,000. MML Investors Services LLC lifted its holdings in Perrigo by 7.7% in the third quarter. MML Investors Services LLC now owns 39,174 shares of the company's stock worth $1,028,000 after acquiring an additional 2,811 shares during the last quarter. XTX Topco Ltd boosted its stake in Perrigo by 536.9% in the third quarter. XTX Topco Ltd now owns 62,509 shares of the company's stock valued at $1,640,000 after acquiring an additional 52,695 shares during the period. Wellington Management Group LLP grew its holdings in shares of Perrigo by 229.2% during the third quarter. Wellington Management Group LLP now owns 2,697,698 shares of the company's stock valued at $70,761,000 after purchasing an additional 1,878,145 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Perrigo by 11.0% during the third quarter. Stifel Financial Corp now owns 133,278 shares of the company's stock valued at $3,496,000 after purchasing an additional 13,249 shares during the last quarter. Institutional investors and hedge funds own 95.91% of the company's stock.

Insider Activity at Perrigo

In other news, Director Jeffrey B. Kindler sold 17,598 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $28.27, for a total transaction of $497,495.46. Following the sale, the director now directly owns 5,409 shares of the company's stock, valued at $152,912.43. The trade was a 76.49 % 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. Company insiders own 0.40% of the company's stock.

Perrigo Stock Performance

PRGO stock traded down $0.02 during trading on Tuesday, reaching $25.64. 499,124 shares of the company's stock were exchanged, compared to its average volume of 1,594,669. The firm has a market cap of $3.50 billion, a PE ratio of -21.91 and a beta of 0.52. 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 1-year low of $23.89 and a 1-year high of $34.60. The company's fifty day moving average price is $26.75 and its 200-day moving average price is $26.90.

Perrigo (NYSE:PRGO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.81 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.81. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. Perrigo's revenue was down 3.2% compared to the same quarter last year. On average, research analysts expect that Perrigo Company plc will post 2.56 EPS for the current fiscal year.

Perrigo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were issued a $0.276 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.10 annualized dividend and a dividend yield of 4.31%. Perrigo's dividend payout ratio (DPR) is -94.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PRGO shares. Canaccord Genuity Group restated a "buy" rating and set a $42.00 price objective on shares of Perrigo in a research report on Monday, September 30th. Jefferies Financial Group reissued a "hold" rating and set a $30.00 price target (down previously from $50.00) on shares of Perrigo in a report on Monday, September 23rd. Finally, StockNews.com raised shares of Perrigo from a "hold" rating to a "buy" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

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.