79,398 Shares in Perrigo Company plc (NYSE:PRGO) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in shares of Perrigo Company plc (NYSE:PRGO - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 79,398 shares of the company's stock, valued at approximately $2,083,000. Edgestream Partners L.P. owned approximately 0.06% of Perrigo as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Perrigo by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 7,162,656 shares of the company's stock worth $183,935,000 after buying an additional 249,640 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in Perrigo by 11.2% during the second quarter. Deprince Race & Zollo Inc. now owns 3,882,438 shares of the company's stock worth $99,701,000 after buying an additional 391,646 shares in the last quarter. Cooke & Bieler LP grew its position in Perrigo by 0.9% during the second quarter. Cooke & Bieler LP now owns 3,501,401 shares of the company's stock worth $89,916,000 after buying an additional 30,150 shares in the last quarter. Copeland Capital Management LLC grew its position in Perrigo by 23.1% during the third quarter. Copeland Capital Management LLC now owns 2,482,544 shares of the company's stock worth $65,117,000 after buying an additional 465,161 shares in the last quarter. Finally, Sound Shore Management Inc. CT boosted its holdings in Perrigo by 5.2% during the second quarter. Sound Shore Management Inc. CT now owns 2,391,049 shares of the company's stock valued at $61,402,000 after purchasing an additional 117,230 shares in the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Katherine C. Doyle sold 8,954 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $27.30, for a total value of $244,444.20. Following the completion of the transaction, the director now owns 6,009 shares of the company's stock, valued at $164,045.70. The trade was a 59.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $30.00 price objective (down from $50.00) on shares of Perrigo in a report on Monday, September 23rd. StockNews.com upgraded shares of Perrigo from a "hold" rating to a "buy" rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $42.00 target price on shares of Perrigo in a research note on Monday, September 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Perrigo Price Performance

PRGO stock traded down $0.06 during trading on Tuesday, hitting $28.42. The company had a trading volume of 1,302,362 shares, compared to its average volume of 1,616,652. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. The firm has a 50-day moving average price of $26.09 and a 200-day moving average price of $27.00. Perrigo Company plc has a 12 month low of $23.89 and a 12 month high of $34.60.

Perrigo (NYSE:PRGO - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.81 EPS for the quarter, hitting 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 previous year, the business earned $0.64 EPS. The business's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts predict that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.276 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Friday, November 29th. Perrigo's dividend payout ratio is presently -94.02%.

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.