FORA Capital LLC Makes New $621,000 Investment in Perrigo Company plc (NYSE:PRGO)

FORA Capital LLC acquired a new stake in shares of Perrigo Company plc (NYSE:PRGO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 17,326 shares of the company’s stock, valued at approximately $621,000.

A number of other large investors have also recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of Perrigo by 73.0% during the 1st quarter. CWM LLC now owns 699 shares of the company’s stock valued at $25,000 after buying an additional 295 shares in the last quarter. Stone House Investment Management LLC purchased a new position in Perrigo during the first quarter valued at $27,000. Dark Forest Capital Management LP bought a new stake in Perrigo in the first quarter worth $31,000. Parallel Advisors LLC grew its stake in shares of Perrigo by 434.8% in the first quarter. Parallel Advisors LLC now owns 1,214 shares of the company’s stock worth $44,000 after acquiring an additional 987 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Perrigo by 345.5% during the first quarter. NewEdge Advisors LLC now owns 1,430 shares of the company’s stock valued at $51,000 after acquiring an additional 1,109 shares in the last quarter. Institutional investors own 95.74% of the company’s stock.

Insider Buying and Selling

In other news, Director Geoffrey M. Parker bought 10,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were acquired at an average cost of $33.06 per share, with a total value of $330,600.00. Following the completion of the transaction, the director now owns 25,879 shares of the company’s stock, valued at approximately $855,559.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Perrigo from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 9th. StockNews.com upgraded shares of Perrigo from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Perrigo has a consensus rating of “Buy” and an average target price of $48.00.

Perrigo Stock Performance

Shares of NYSE:PRGO opened at $35.23 on Wednesday. The business has a 50-day simple moving average of $35.82 and a two-hundred day simple moving average of $35.41. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.62 and a quick ratio of 1.52. Perrigo Company plc has a fifty-two week low of $30.78 and a fifty-two week high of $41.44.

Perrigo (NYSE:PRGO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.09. Perrigo had a negative net margin of 1.22% and a positive return on equity of 6.79%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Perrigo Company plc will post 2.6 EPS for the current fiscal year.

Perrigo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be paid a $0.273 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.10%. Perrigo’s dividend payout ratio (DPR) is currently -259.52%.

About Perrigo

Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in Ireland, the United States, France, Belgium, China, the United Kingdom, Germany, Switzerland, Austria, Italy, Australia, Greece, and Spain. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments.