Barclays PLC Has $5.89 Million Holdings in Perrigo Company plc (NYSE:PRGO)

Barclays PLC boosted its stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 90.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 228,908 shares of the company's stock after acquiring an additional 108,406 shares during the quarter. Barclays PLC owned approximately 0.17% of Perrigo worth $5,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRGO. Pacer Advisors Inc. increased its holdings in shares of Perrigo by 2.1% in the fourth quarter. Pacer Advisors Inc. now owns 20,337 shares of the company's stock valued at $523,000 after purchasing an additional 427 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Perrigo by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,617 shares of the company's stock worth $567,000 after purchasing an additional 436 shares during the period. Cedar Wealth Management LLC boosted its position in shares of Perrigo by 2.1% during the fourth quarter. Cedar Wealth Management LLC now owns 21,966 shares of the company's stock worth $565,000 after purchasing an additional 450 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Perrigo by 33.3% in the 4th 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 during the period. Finally, Amalgamated Bank increased its position in shares of Perrigo by 0.8% in the 4th quarter. Amalgamated Bank now owns 64,086 shares of the company's stock valued at $1,648,000 after buying an additional 522 shares in the last quarter. Institutional investors and hedge funds own 95.91% of the company's stock.

Wall Street Analysts Forecast Growth

PRGO has been the subject of several recent analyst reports. Piper Sandler downgraded Perrigo from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $34.00 to $27.00 in a report on Monday, January 6th. StockNews.com downgraded shares of Perrigo from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Argus lowered shares of Perrigo from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $33.00.

Insider Activity at Perrigo

In other news, EVP Ronald Craig Janish sold 7,800 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.44, for a total transaction of $214,032.00. Following the completion of the sale, the executive vice president now owns 33,666 shares in the company, valued at $923,795.04. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

Perrigo Stock Up 1.7 %

PRGO stock traded up $0.43 during midday trading on Tuesday, hitting $25.62. The company's stock had a trading volume of 1,057,161 shares, compared to its average volume of 1,523,492. The company's fifty day moving average price is $26.53 and its 200 day moving average price is $26.08. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.56 and a quick ratio of 1.77. Perrigo Company plc has a twelve month low of $23.14 and a twelve month high of $33.46. The stock has a market capitalization of $3.50 billion, a P/E ratio of -21.90 and a beta of 0.49.

Perrigo (NYSE:PRGO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. As a group, equities research analysts predict that Perrigo Company plc will post 2.56 EPS for the current year.

Perrigo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were paid a dividend of $0.29 per share. This is an increase from Perrigo's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Friday, March 7th. Perrigo's payout ratio is currently -92.80%.

About Perrigo

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.