XTX Topco Ltd Has $1.64 Million Stock Position in Perrigo Company plc (NYSE:PRGO)

XTX Topco Ltd boosted its stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) by 536.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,509 shares of the company's stock after buying an additional 52,695 shares during the period. XTX Topco Ltd's holdings in Perrigo were worth $1,640,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PRGO. Wellington Management Group LLP increased its holdings in Perrigo by 229.2% in the third quarter. Wellington Management Group LLP now owns 2,697,698 shares of the company's stock worth $70,761,000 after buying an additional 1,878,145 shares during the last quarter. FMR LLC increased its holdings in Perrigo by 66,795.3% in the third quarter. FMR LLC now owns 1,840,289 shares of the company's stock worth $48,271,000 after buying an additional 1,837,538 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in Perrigo by 83.2% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,940,067 shares of the company's stock worth $49,821,000 after purchasing an additional 881,191 shares during the period. AQR Capital Management LLC boosted its position in Perrigo by 675.5% during the second quarter. AQR Capital Management LLC now owns 970,637 shares of the company's stock worth $24,926,000 after purchasing an additional 845,470 shares during the period. Finally, Copeland Capital Management LLC boosted 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 purchasing an additional 465,161 shares during the period. Institutional investors and hedge funds own 95.91% of the company's stock.

Insider Activity at Perrigo

In other Perrigo news, Director Katherine C. Doyle sold 8,954 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $27.30, for a total transaction of $244,444.20. Following the transaction, the director now owns 6,009 shares in the company, valued at approximately $164,045.70. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Perrigo Price Performance

Perrigo stock traded down $0.36 during mid-day trading on Friday, hitting $28.07. 1,030,722 shares of the company were exchanged, compared to its average volume of 1,426,518. 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 business has a fifty day moving average of $26.30 and a 200 day moving average of $26.99. Perrigo Company plc has a 1-year low of $23.89 and a 1-year high of $34.60. The company has a market capitalization of $3.83 billion, a PE ratio of -23.99 and a beta of 0.52.

Perrigo (NYSE:PRGO - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.81 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $0.64 earnings per share. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a $0.276 dividend. This represents a $1.10 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Friday, November 29th. Perrigo's dividend payout ratio is -94.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PRGO shares. StockNews.com raised Perrigo from a "hold" rating to a "buy" rating in a research report on Thursday, November 7th. Jefferies Financial Group reissued a "hold" rating and issued a $30.00 price objective (down from $50.00) on shares of Perrigo in a research report on Monday, September 23rd. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $42.00 price objective on shares of Perrigo in a research report on Monday, September 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.00.

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.