Two Sigma Advisers LP acquired a new stake in shares of Perrigo Company PLC (NYSE:PRGO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 25,400 shares of the company’s stock, valued at approximately $984,000.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Perrigo by 1.8% during the 4th quarter. BlackRock Inc. now owns 8,470,433 shares of the company’s stock valued at $328,230,000 after purchasing an additional 149,975 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its stake in Perrigo by 20.4% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,363,562 shares of the company’s stock worth $91,588,000 after acquiring an additional 400,000 shares during the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its stake in Perrigo by 4.8% in the 4th quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 1,758,199 shares of the company’s stock worth $68,130,000 after acquiring an additional 81,000 shares during the last quarter. Geode Capital Management LLC increased its stake in Perrigo by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 1,687,709 shares of the company’s stock worth $65,286,000 after acquiring an additional 186,095 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Perrigo by 48.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,061 shares of the company’s stock worth $56,515,000 after acquiring an additional 473,574 shares during the last quarter. Institutional investors own 85.29% of the company’s stock.
PRGO opened at $50.37 on Monday. Perrigo Company PLC has a 12-month low of $36.28 and a 12-month high of $83.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.89 and a quick ratio of 1.32. The stock has a market capitalization of $6.84 billion, a PE ratio of 11.07, a PEG ratio of 2.57 and a beta of 1.31.
Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). Perrigo had a return on equity of 10.74% and a net margin of 2.77%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. Perrigo’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Perrigo Company PLC will post 4.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, February 28th. Perrigo’s payout ratio is currently 16.70%.
A number of equities analysts have weighed in on the company. Morgan Stanley decreased their target price on Perrigo from $67.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 26th. ValuEngine upgraded Perrigo from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. SunTrust Banks assumed coverage on Perrigo in a research note on Tuesday, March 19th. They issued a “hold” rating and a $51.00 target price on the stock. Royal Bank of Canada set a $50.00 target price on Perrigo and gave the stock a “hold” rating in a research note on Friday, January 4th. Finally, Wells Fargo & Co set a $47.00 target price on Perrigo and gave the stock a “hold” rating in a research note on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $74.33.
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Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
Further Reading: Outstanding Shares
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