Personal CFO Solutions LLC Sells 594 Shares of Perrigo Company plc (NYSE:PRGO)

Personal CFO Solutions LLC lowered its holdings in shares of Perrigo Company plc (NYSE:PRGOFree Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,335 shares of the company’s stock after selling 594 shares during the period. Personal CFO Solutions LLC’s holdings in Perrigo were worth $397,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Perrigo during the 4th quarter valued at $30,000. Parkside Financial Bank & Trust grew its holdings in Perrigo by 1,694.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,041 shares of the company’s stock worth $34,000 after acquiring an additional 983 shares during the last quarter. Hexagon Capital Partners LLC bought a new stake in Perrigo in the 4th quarter worth $37,000. Blue Trust Inc. grew its holdings in Perrigo by 34.5% in the 4th quarter. Blue Trust Inc. now owns 1,556 shares of the company’s stock worth $50,000 after acquiring an additional 399 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in Perrigo by 69.1% in the 4th quarter. Parallel Advisors LLC now owns 2,009 shares of the company’s stock worth $65,000 after acquiring an additional 821 shares during the last quarter. Institutional investors own 95.91% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Svend Andersen purchased 1,000 shares of Perrigo stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $27.90 per share, for a total transaction of $27,900.00. Following the completion of the purchase, the executive vice president now directly owns 101,853 shares of the company’s stock, valued at approximately $2,841,698.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

PRGO has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Perrigo in a research report on Friday, April 12th. Piper Sandler raised their target price on shares of Perrigo from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. StockNews.com raised shares of Perrigo from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Perrigo from $48.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th.

Get Our Latest Analysis on Perrigo

Perrigo Price Performance

Shares of NYSE PRGO opened at $27.25 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.81 and a quick ratio of 1.08. Perrigo Company plc has a 1 year low of $25.77 and a 1 year high of $40.28. The firm has a 50-day moving average of $30.19 and a 200 day moving average of $30.91.

Perrigo (NYSE:PRGOGet Free Report) last issued its earnings results on Saturday, May 4th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Perrigo had a negative net margin of 0.17% and a positive return on equity of 6.96%. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Research analysts anticipate that Perrigo Company plc will post 2.58 earnings per share for the current fiscal year.

Perrigo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 31st will be issued a $0.276 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.10 annualized dividend and a yield of 4.05%. Perrigo’s dividend payout ratio (DPR) is presently -1,571.43%.

About Perrigo

(Free Report)

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.

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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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