Perrigo Company plc (NYSE:PRGO) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Perrigo Company plc (NYSE:PRGO - Free Report) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,359,072 shares of the company's stock after purchasing an additional 106,356 shares during the period. Geode Capital Management LLC owned approximately 1.73% of Perrigo worth $61,894,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PRGO. Barclays PLC increased its holdings in shares of Perrigo by 44.8% in the 3rd quarter. Barclays PLC now owns 120,502 shares of the company's stock worth $3,160,000 after buying an additional 37,268 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Perrigo during the third quarter worth approximately $1,291,000. MML Investors Services LLC raised its position in Perrigo by 7.7% during the third quarter. MML Investors Services LLC now owns 39,174 shares of the company's stock valued at $1,028,000 after purchasing an additional 2,811 shares during the period. XTX Topco Ltd raised its position in Perrigo by 536.9% during the third quarter. XTX Topco Ltd now owns 62,509 shares of the company's stock valued at $1,640,000 after purchasing an additional 52,695 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Perrigo by 229.2% in the 3rd 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. Hedge funds and other institutional investors own 95.91% of the company's stock.

Insider Buying and Selling at Perrigo

In other Perrigo news, Director Jeffrey B. Kindler sold 17,598 shares of the 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 owns 5,409 shares of the company's stock, valued at approximately $152,912.43. This trade represents a 76.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PRGO. Jefferies Financial Group restated 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. Canaccord Genuity Group reaffirmed a "buy" rating and set a $42.00 price target on shares of Perrigo in a research note on Monday, September 30th. Finally, StockNews.com raised shares of Perrigo from a "hold" rating to a "buy" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Perrigo Trading Up 0.1 %

Perrigo stock traded up $0.02 during trading hours on Friday, hitting $25.75. The company had a trading volume of 2,571,510 shares, compared to its average volume of 1,601,156. The firm has a market cap of $3.51 billion, a P/E ratio of -22.01 and a beta of 0.52. The company has a 50-day moving average price of $26.69 and a two-hundred day moving average price of $26.92. Perrigo Company plc has a 1 year low of $23.89 and a 1 year high of $34.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56.

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

Perrigo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a dividend of $0.276 per share. This represents a $1.10 annualized dividend and a yield of 4.29%. The ex-dividend date was Friday, November 29th. Perrigo's payout ratio is -94.02%.

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.