Perrigo Company plc $PRGO Stock: Nisa Investment Advisors LLC Grows Position

Nisa Investment Advisors LLC raised its position in Perrigo Company plc (NYSE:PRGO) by 328.8% during the third quarter, HoldingsChannel.com reports. The firm owned 57,190 shares of the company’s stock after buying an additional 43,854 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Perrigo were worth $844,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PRGO. Abel Hall LLC raised its position in Perrigo by 14.0% during the third quarter. Abel Hall LLC now owns 14,630 shares of the company’s stock valued at $216,000 after acquiring an additional 1,797 shares in the last quarter. SteelPeak Wealth LLC grew its position in Perrigo by 20.8% in the third quarter. SteelPeak Wealth LLC now owns 22,369 shares of the company’s stock worth $330,000 after acquiring an additional 3,853 shares in the last quarter. TD Waterhouse Canada Inc. bought a new stake in Perrigo in the third quarter worth approximately $1,621,000. Daytona Street Capital LLC grew its position in Perrigo by 16.7% in the third quarter. Daytona Street Capital LLC now owns 35,000 shares of the company’s stock worth $503,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Perrigo by 3.9% during the 3rd quarter. Sound Income Strategies LLC now owns 1,615,467 shares of the company’s stock worth $23,424,000 after purchasing an additional 60,838 shares during the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on PRGO. Wall Street Zen lowered Perrigo from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Weiss Ratings raised Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. One equities 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 company’s stock. Based on data from MarketBeat, Perrigo has a consensus rating of “Hold” and a consensus price target of $17.50.

Perrigo Price Performance

NYSE PRGO opened at $16.04 on Wednesday. The stock has a fifty day moving average of $14.69 and a 200-day moving average of $12.46. Perrigo Company plc has a 52 week low of $9.23 and a 52 week high of $21.84.

Perrigo (NYSE:PRGO) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts anticipate that Perrigo Company plc will post 2.17 earnings per share for the current fiscal year.

Perrigo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Friday, August 28th.

Perrigo Company Profile

Perrigo Company plc is a global consumer self-care company that develops, manufactures and markets over-the-counter health products, wellness products and personal care items. Its portfolio includes products for allergy, pain relief, digestive health, skin care, smoking cessation, women’s health and other everyday health needs, along with vitamins, nutritional supplements and infant nutrition products.

Perrigo supplies products under its own brands, acquired brands and retailer-owned private-label labels.