Nisa Investment Advisors LLC Has $7.84 Million Stock Position in Perrigo Company plc (NYSE:PRGO)

Nisa Investment Advisors LLC grew its holdings in Perrigo Company plc (NYSE:PRGO - Free Report) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 304,948 shares of the company's stock after purchasing an additional 28,843 shares during the period. Nisa Investment Advisors LLC owned about 0.22% of Perrigo worth $7,840,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in Perrigo by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,617 shares of the company's stock valued at $567,000 after buying an additional 436 shares during the last quarter. Voisard Asset Management Group Inc. grew its holdings in shares of Perrigo by 9.7% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 5,100 shares of the company's stock valued at $134,000 after acquiring an additional 450 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of Perrigo by 33.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company's stock valued at $51,000 after acquiring an additional 500 shares during the last quarter. Creative Planning raised its holdings in Perrigo by 3.7% during the third quarter. Creative Planning now owns 18,477 shares of the company's stock worth $485,000 after acquiring an additional 661 shares in the last quarter. Finally, KBC Group NV boosted its position in Perrigo by 25.1% during the third quarter. KBC Group NV now owns 4,517 shares of the company's stock valued at $118,000 after purchasing an additional 905 shares during the last quarter. Institutional investors own 95.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PRGO shares. StockNews.com cut Perrigo from a "buy" rating to a "hold" rating in a research note on Saturday, January 11th. Piper Sandler lowered shares of Perrigo from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $34.00 to $27.00 in a research report on Monday, January 6th. Canaccord Genuity Group restated a "buy" rating and set a $42.00 price objective on shares of Perrigo in a research note on Monday, September 30th. Finally, Argus downgraded shares of Perrigo from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Perrigo presently has an average rating of "Hold" and an average price target of $35.00.

Perrigo Stock Performance

Shares of NYSE:PRGO traded down $0.08 on Friday, hitting $24.67. The company had a trading volume of 1,085,691 shares, compared to its average volume of 1,414,153. The stock has a 50 day moving average price of $26.25 and a 200 day moving average price of $26.68. 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 stock has a market cap of $3.37 billion, a price-to-earnings ratio of -21.08 and a beta of 0.53. Perrigo Company plc has a 1-year low of $23.14 and a 1-year high of $33.51.

Perrigo (NYSE:PRGO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.81 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the firm earned $0.64 EPS. The business's revenue was down 3.2% on a year-over-year basis. Analysts expect that Perrigo Company plc will post 2.56 EPS for the current year.

Perrigo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were given a dividend of $0.276 per share. This represents a $1.10 annualized dividend and a yield of 4.48%. The ex-dividend date was Friday, November 29th. Perrigo's payout ratio is -94.02%.

Insider Transactions at Perrigo

In related news, Director Jeffrey B. Kindler sold 17,598 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $28.27, for a total value of $497,495.46. Following the completion of the sale, the director now directly owns 5,409 shares in the company, valued at approximately $152,912.43. The trade was a 76.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.