Factorial Partners LLC Has $1.34 Million Stock Holdings in Perrigo Company plc (NYSE:PRGO)

Factorial Partners LLC reduced its stake in Perrigo Company plc (NYSE:PRGO) by 54.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,000 shares of the company’s stock after selling 62,000 shares during the period. Factorial Partners LLC’s holdings in Perrigo were worth $1,335,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Boston Partners bought a new position in Perrigo during the 4th quarter worth $74,255,000. Norges Bank acquired a new stake in Perrigo in the 4th quarter worth about $41,982,000. National Bank of Canada FI bought a new stake in Perrigo in the 1st quarter valued at about $19,040,000. Public Employees Retirement Association of Colorado grew its position in shares of Perrigo by 3,796.5% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 582,216 shares of the company’s stock worth $18,736,000 after purchasing an additional 567,274 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Perrigo by 463.3% during the fourth quarter. Corient Private Wealth LLC now owns 663,104 shares of the company’s stock worth $21,339,000 after purchasing an additional 545,395 shares during the period. 95.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $29.40, for a total transaction of $382,200.00. Following the sale, the executive vice president now directly owns 20,553 shares of the company’s stock, valued at approximately $604,258.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Svend Andersen sold 28,300 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $27.75, for a total transaction of $785,325.00. Following the completion of the transaction, the executive vice president now directly owns 73,553 shares in the company, valued at $2,041,095.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald Craig Janish sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $29.40, for a total value of $382,200.00. Following the completion of the sale, the executive vice president now owns 20,553 shares in the company, valued at $604,258.20. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PRGO. Piper Sandler reduced their price target on Perrigo from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. StockNews.com upgraded Perrigo from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Perrigo Trading Up 2.0 %

Shares of PRGO stock opened at $27.16 on Wednesday. Perrigo Company plc has a fifty-two week low of $24.82 and a fifty-two week high of $34.60. The stock’s fifty day moving average price is $27.76 and its two-hundred day moving average price is $28.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.24 and a current ratio of 1.99. The company has a market cap of $3.70 billion, a PE ratio of -388.00 and a beta of 0.49.

Perrigo (NYSE:PRGO) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.13 billion. Perrigo had a positive return on equity of 6.79% and a negative net margin of 2.81%. Perrigo’s revenue was down 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Equities analysts predict that Perrigo Company plc will post 2.57 EPS for the current fiscal year.

Perrigo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Friday, August 30th will be paid a $0.276 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, August 30th. Perrigo’s payout ratio is -1,571.43%.

Perrigo Profile

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.