Perrigo Company plc (NYSE:PRGO) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its position in shares of Perrigo Company plc (NYSE:PRGOGet Rating) by 13.6% during the third quarter, Holdings Channel reports. The firm owned 11,002 shares of the company’s stock after selling 1,726 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Perrigo were worth $392,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PRGO. Point72 Asset Management L.P. purchased a new stake in Perrigo during the second quarter worth $59,147,000. Pictet Asset Management SA boosted its position in Perrigo by 11,414.0% during the second quarter. Pictet Asset Management SA now owns 996,535 shares of the company’s stock worth $40,429,000 after purchasing an additional 987,880 shares in the last quarter. Victory Capital Management Inc. boosted its position in Perrigo by 227.6% during the second quarter. Victory Capital Management Inc. now owns 1,039,519 shares of the company’s stock worth $42,174,000 after purchasing an additional 722,250 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Perrigo during the first quarter worth $24,684,000. Finally, BlackRock Inc. boosted its position in Perrigo by 4.8% during the first quarter. BlackRock Inc. now owns 12,112,154 shares of the company’s stock worth $465,469,000 after purchasing an additional 554,915 shares in the last quarter. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

Perrigo Stock Performance

Perrigo stock opened at $36.52 on Monday. The firm has a market capitalization of $4.92 billion, a P/E ratio of -57.97 and a beta of 0.79. The stock has a fifty day moving average price of $33.44 and a 200 day moving average price of $37.41. Perrigo Company plc has a 52 week low of $30.78 and a 52 week high of $43.90. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89.

Perrigo (NYSE:PRGOGet Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.14 billion. Perrigo had a negative net margin of 1.93% and a positive return on equity of 5.31%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities research analysts anticipate that Perrigo Company plc will post 2.02 earnings per share for the current year.

Perrigo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $1.04 annualized dividend and a yield of 2.85%. Perrigo’s dividend payout ratio is presently -165.08%.

Insiders Place Their Bets

In other Perrigo news, EVP Grainne Quinn sold 2,368 shares of the company’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $31.65, for a total transaction of $74,947.20. Following the completion of the sale, the executive vice president now directly owns 9,118 shares in the company, valued at $288,584.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PRGO. Raymond James reduced their price objective on Perrigo from $48.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 9th. StockNews.com began coverage on Perrigo in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Perrigo Company Profile

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Perrigo Co Plc engages in the provision of self-care products and over-the-counter (OTC) health and wellness solutions. It enhances individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. It operates through the following segments: Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI).

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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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