27,600 Shares in Perrigo Company plc (NYSE:PRGO) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in Perrigo Company plc (NYSE:PRGO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,600 shares of the company's stock, valued at approximately $710,000.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP lifted its holdings in shares of Perrigo by 1,879.3% during the 4th quarter. Quantbot Technologies LP now owns 13,796 shares of the company's stock worth $355,000 after acquiring an additional 13,099 shares during the period. Teacher Retirement System of Texas raised its position in Perrigo by 18.2% in the fourth quarter. Teacher Retirement System of Texas now owns 40,411 shares of the company's stock worth $1,039,000 after purchasing an additional 6,220 shares in the last quarter. West Tower Group LLC lifted its stake in Perrigo by 16.6% during the fourth quarter. West Tower Group LLC now owns 118,914 shares of the company's stock worth $3,057,000 after purchasing an additional 16,922 shares during the period. Xponance Inc. boosted its holdings in Perrigo by 11.7% during the fourth quarter. Xponance Inc. now owns 24,883 shares of the company's stock valued at $640,000 after purchasing an additional 2,599 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Perrigo in the 4th quarter valued at approximately $1,466,000. Institutional investors and hedge funds own 95.91% of the company's stock.

Wall Street Analyst Weigh In

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

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Perrigo Price Performance

PRGO traded down $1.02 during trading on Thursday, hitting $26.89. The company's stock had a trading volume of 2,038,728 shares, compared to its average volume of 1,500,446. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -22.99 and a beta of 0.48. The firm's 50 day moving average price is $26.38 and its two-hundred day moving average price is $26.18. Perrigo Company plc has a 12 month low of $23.14 and a 12 month high of $33.46.

Perrigo (NYSE:PRGO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.01. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. Sell-side analysts forecast that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Friday, March 7th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.31%. This is a positive change from Perrigo's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, March 7th. Perrigo's dividend payout ratio (DPR) is presently -92.80%.

Insiders Place Their Bets

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of Perrigo stock in a transaction on Monday, March 10th. The shares were 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 of the company's stock, valued at approximately $923,795.04. The trade was a 18.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company's stock.

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.