Perrigo Company plc $PRGO Position Lifted by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its position in Perrigo Company plc (NYSE:PRGO) by 3.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,615,467 shares of the company’s stock after acquiring an additional 60,838 shares during the period. Perrigo accounts for 0.5% of Sound Income Strategies LLC’s holdings, making the stock its 22nd largest position. Sound Income Strategies LLC owned about 1.16% of Perrigo worth $23,424,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of Perrigo by 25.5% in the first quarter. Bank of America Corp DE now owns 1,568,598 shares of the company’s stock valued at $16,847,000 after purchasing an additional 318,248 shares during the last quarter. First Trust Advisors LP increased its position in shares of Perrigo by 125.5% during the first quarter. First Trust Advisors LP now owns 1,496,244 shares of the company’s stock valued at $16,070,000 after acquiring an additional 832,686 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Perrigo by 29.7% in the first quarter. Gamco Investors INC. ET AL now owns 1,397,866 shares of the company’s stock valued at $15,013,000 after purchasing an additional 320,081 shares during the period. O Keefe Stevens Advisory Inc. lifted its stake in Perrigo by 9.6% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 915,885 shares of the company’s stock worth $13,518,000 after acquiring an additional 80,230 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Perrigo by 29.8% during the first quarter. Gabelli Funds LLC now owns 893,359 shares of the company’s stock worth $9,595,000 after purchasing an additional 205,311 shares in the last quarter. Institutional investors and hedge funds own 95.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PRGO shares. Weiss Ratings upgraded Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Perrigo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.33.

Perrigo Price Performance

PRGO traded up $0.56 during trading on Friday, reaching $15.06. 4,357,331 shares of the stock were exchanged, compared to its average volume of 3,094,088. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.32 and a quick ratio of 1.32. The business’s 50 day moving average price is $13.78 and its two-hundred day moving average price is $11.83. Perrigo Company plc has a 1 year low of $9.23 and a 1 year high of $22.02. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -1.20, a P/E/G ratio of 1.67 and a beta of 0.69.

Perrigo (NYSE:PRGO) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Perrigo had a positive return on equity of 11.25% and a negative net margin of 41.85%.The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm posted ($0.06) earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. As a group, equities research analysts anticipate that Perrigo Company plc will post 2.18 earnings per share for the current year.

Perrigo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, August 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.7%. Perrigo’s payout ratio is presently -9.27%.

Perrigo Profile

Perrigo Company plc (NYSE: PRGO) is a global consumer self-care company that develops, manufactures and sells over-the-counter (OTC) health and wellness products. Its portfolio includes products for pain relief, allergy and cold relief, digestive health, sleep support, skin care, women’s health and oral care. Perrigo supplies both its own brands and retailer-owned store brands.

The company markets products under a range of brand names, including Compeed, ACO, ellaOne and other regional brands, while also producing private-label alternatives to widely used consumer health products.