Gamco Investors INC. ET AL Sells 28,933 Shares of Perrigo Company plc (NYSE:PRGO)

Gamco Investors INC. ET AL lessened its stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 742,822 shares of the company's stock after selling 28,933 shares during the quarter. Gamco Investors INC. ET AL owned 0.54% of Perrigo worth $19,098,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC grew its position in Perrigo by 1,942.0% during the 4th quarter. Headlands Technologies LLC now owns 1,409 shares of the company's stock worth $36,000 after acquiring an additional 1,340 shares during the last quarter. Versant Capital Management Inc bought a new stake in Perrigo during the 4th quarter worth about $45,000. GAMMA Investing LLC raised its stake in shares of Perrigo by 93.7% in the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company's stock worth $49,000 after acquiring an additional 929 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Perrigo by 33.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock worth $51,000 after purchasing an additional 500 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Perrigo by 97.8% during the fourth quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company's stock valued at $108,000 after purchasing an additional 2,084 shares during the last quarter. Institutional investors and hedge funds own 95.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on PRGO shares. Piper Sandler downgraded Perrigo from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $34.00 to $27.00 in a report on Monday, January 6th. Argus cut Perrigo from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, StockNews.com cut Perrigo from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Perrigo currently has a consensus rating of "Hold" and a consensus price target of $33.00.

Insider Activity

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 insiders.

Perrigo Stock Up 0.8 %

Shares of Perrigo stock traded up $0.21 during trading hours on Friday, reaching $25.35. 848,405 shares of the company's stock were exchanged, compared to its average volume of 1,525,151. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average of $26.49 and a two-hundred day moving average of $26.04. The stock has a market cap of $3.46 billion, a P/E ratio of -21.66 and a beta of 0.49. Perrigo Company plc has a fifty-two week low of $23.14 and a fifty-two week 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. 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. On average, sell-side analysts forecast that Perrigo Company plc will post 2.56 EPS for the current fiscal year.

Perrigo Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, March 7th. This is a positive change from Perrigo's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 4.58%. Perrigo's payout ratio is currently -92.80%.

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.