Deutsche Bank AG raised its position in Perrigo Company PLC (NYSE:PRGO) by 56.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 277,750 shares of the company’s stock after buying an additional 99,928 shares during the period. Deutsche Bank AG owned about 0.20% of Perrigo worth $10,758,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Perrigo by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 984,487 shares of the company’s stock worth $69,713,000 after purchasing an additional 44,917 shares in the last quarter. Paloma Partners Management Co increased its stake in shares of Perrigo by 791.7% during the third quarter. Paloma Partners Management Co now owns 16,090 shares of the company’s stock worth $1,139,000 after purchasing an additional 18,416 shares in the last quarter. Man Group plc increased its stake in shares of Perrigo by 754.0% during the third quarter. Man Group plc now owns 113,206 shares of the company’s stock worth $8,015,000 after purchasing an additional 99,950 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Perrigo by 2.1% during the third quarter. Mackenzie Financial Corp now owns 203,324 shares of the company’s stock worth $14,395,000 after purchasing an additional 4,162 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Perrigo by 31.4% during the third quarter. Macquarie Group Ltd. now owns 234,400 shares of the company’s stock worth $16,596,000 after purchasing an additional 56,000 shares in the last quarter. 85.29% of the stock is owned by institutional investors.
NYSE:PRGO opened at $50.60 on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 2.58 and a beta of 1.31. Perrigo Company PLC has a 1-year low of $36.28 and a 1-year high of $83.26.
Perrigo (NYSE:PRGO) last posted its earnings results on Wednesday, February 27th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.01). The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. Perrigo had a net margin of 2.77% and a return on equity of 10.74%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Equities analysts expect that Perrigo Company PLC will post 4.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 1st were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.76 annualized dividend and a yield of 1.50%. Perrigo’s payout ratio is 16.70%.
A number of research firms have recently commented on PRGO. ValuEngine cut shares of Perrigo from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th. SunTrust Banks began coverage on shares of Perrigo in a research note on Tuesday, March 19th. They set a “hold” rating and a $51.00 target price for the company. Royal Bank of Canada set a $48.00 target price on shares of Perrigo and gave the stock a “hold” rating in a research note on Thursday, February 28th. Wells Fargo & Co set a $47.00 target price on shares of Perrigo and gave the stock a “hold” rating in a research note on Thursday, February 28th. Finally, Morgan Stanley cut their target price on shares of Perrigo from $67.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.33.
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Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.
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