Diamond Hill Capital Management Inc. Has $48.42 Million Stake in Perrigo Company plc (NYSE:PRGO)

Diamond Hill Capital Management Inc. decreased its position in Perrigo Company plc (NYSE:PRGO - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,883,483 shares of the company's stock after selling 38,352 shares during the period. Diamond Hill Capital Management Inc. owned about 1.38% of Perrigo worth $48,424,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of Perrigo in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC grew its stake in shares of Perrigo by 93.7% in the 4th quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock valued at $49,000 after purchasing an additional 929 shares during the period. Central Pacific Bank Trust Division grew its position in Perrigo by 33.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock worth $51,000 after acquiring an additional 500 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Perrigo during the 3rd quarter worth approximately $56,000. Finally, KBC Group NV grew its position in Perrigo by 25.1% during the 3rd quarter. KBC Group NV now owns 4,517 shares of the company's stock worth $118,000 after acquiring an additional 905 shares during the last quarter. Institutional investors and hedge funds own 95.91% of the company's stock.

Insider Buying and Selling

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of Perrigo stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.44, for a total value of $214,032.00. Following the sale, 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 document filed with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com lowered 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 decreased their price target for the stock from $34.00 to $27.00 in a research report on Monday, January 6th. Finally, Argus lowered Perrigo from a "buy" rating to a "hold" rating in a research report 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $33.00.

Perrigo Trading Down 1.6 %

Shares of PRGO stock traded down $0.44 during trading hours on Tuesday, reaching $27.83. The company had a trading volume of 2,301,863 shares, compared to its average volume of 1,432,208. The company has a 50 day moving average of $25.48 and a 200 day moving average of $26.16. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.56 and a quick ratio of 1.77. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -23.78 and a beta of 0.48. Perrigo Company plc has a 1-year low of $23.14 and a 1-year high of $33.46.

Perrigo (NYSE:PRGO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.20 billion. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. On average, equities research analysts anticipate that Perrigo Company plc will post 2.56 EPS for the current year.

Perrigo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Friday, March 7th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.17%. The ex-dividend date is Friday, March 7th. This is an increase from Perrigo's previous quarterly dividend of $0.28. Perrigo's dividend payout ratio (DPR) is presently -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.