Thrivent Financial for Lutherans Trims Stake in Perrigo Company plc (NYSE:PRGO)

Thrivent Financial for Lutherans lowered its position in shares of Perrigo Company plc (NYSE:PRGO – Get Rating) by 55.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,863 shares of the company’s stock after selling 44,935 shares during the period. Thrivent Financial for Lutherans’ holdings in Perrigo were worth $1,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ronald Blue Trust Inc. grew its stake in shares of Perrigo by 1,364.4% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,274 shares of the company’s stock worth $45,000 after buying an additional 1,187 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Perrigo by 70.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,282 shares of the company’s stock worth $45,000 after buying an additional 532 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Perrigo by 122.8% in the 4th quarter. Benjamin Edwards Inc. now owns 1,435 shares of the company’s stock valued at $49,000 after acquiring an additional 791 shares in the last quarter. Covestor Ltd lifted its position in Perrigo by 5,903.6% in the 1st quarter. Covestor Ltd now owns 1,681 shares of the company’s stock valued at $65,000 after acquiring an additional 1,653 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in Perrigo by 47.7% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,898 shares of the company’s stock valued at $65,000 after acquiring an additional 613 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

Analyst Upgrades and Downgrades

PRGO has been the topic of several analyst reports. Raymond James upped their price objective on Perrigo from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Sunday, March 5th. StockNews.com began coverage on Perrigo in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Canaccord Genuity Group assumed coverage on Perrigo in a report on Tuesday, March 7th. They issued a “buy” rating and a $49.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $48.00.

Perrigo Stock Down 0.9 %

Shares of NYSE:PRGO opened at $33.37 on Tuesday. The company has a current ratio of 2.52, a quick ratio of 1.43 and a debt-to-equity ratio of 0.84. The company has a market cap of $4.52 billion, a price-to-earnings ratio of -34.76 and a beta of 0.79. Perrigo Company plc has a 12 month low of $30.78 and a 12 month high of $43.90. The company has a 50-day moving average price of $35.59 and a 200 day moving average price of $35.08.

Perrigo (NYSE:PRGO – Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Perrigo had a negative net margin of 2.85% and a positive return on equity of 6.21%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, equities research analysts predict that Perrigo Company plc will post 2.57 earnings per share for the current year.

Perrigo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Friday, June 2nd will be issued a dividend of $0.273 per share. This represents a $1.09 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, June 1st. Perrigo’s payout ratio is -113.54%.

Insiders Place Their Bets

In other Perrigo news, CEO Murray S. Kessler sold 197,646 shares of Perrigo stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $35.75, for a total value of $7,065,844.50. Following the transaction, the chief executive officer now directly owns 2,668 shares of the company’s stock, valued at $95,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Perrigo news, CEO Murray S. Kessler sold 197,646 shares of Perrigo stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $35.75, for a total value of $7,065,844.50. Following the transaction, the chief executive officer now directly owns 2,668 shares of the company’s stock, valued at $95,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Geoffrey M. Parker acquired 5,000 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were bought at an average cost of $38.05 per share, for a total transaction of $190,250.00. Following the completion of the acquisition, the director now directly owns 15,879 shares of the company’s stock, valued at $604,195.95. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 214,869 shares of company stock valued at $7,685,712. 0.70% of the stock is currently owned by insiders.

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).