84,207 Perrigo Company plc $PRGO Shares Purchased by Profund Advisors LLC

by · The Markets Daily

Profund Advisors LLC lifted its stake in Perrigo Company plc (NYSE:PRGO – Free Report) by 288.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,418 shares of the company’s stock after acquiring an additional 84,207 shares during the quarter. Profund Advisors LLC’s holdings in Perrigo were worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PRGO. Sound Income Strategies LLC raised its holdings in shares of Perrigo by 3.9% during the third quarter. Sound Income Strategies LLC now owns 1,615,467 shares of the company’s stock valued at $23,424,000 after purchasing an additional 60,838 shares during the last quarter. Bank of America Corp DE lifted its position in Perrigo by 25.5% during 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 period. First Trust Advisors LP boosted its holdings in Perrigo by 125.5% in the first quarter. First Trust Advisors LP now owns 1,496,244 shares of the company’s stock worth $16,070,000 after purchasing an additional 832,686 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings 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 worth $15,013,000 after purchasing an additional 320,081 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in Perrigo by 51.7% in the third quarter. ProShare Advisors LLC now owns 959,053 shares of the company’s stock worth $14,156,000 after purchasing an additional 326,797 shares during the last quarter. 95.91% of the stock is currently owned by institutional investors.

Perrigo Stock Up 0.2%

Shares of PRGO stock opened at $15.81 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.31. Perrigo Company plc has a 12 month low of $9.23 and a 12 month high of $20.65. The stock has a market cap of $2.19 billion, a P/E ratio of -1.26, a P/E/G ratio of 1.83 and a beta of 0.69. The company has a 50 day simple moving average of $14.86 and a two-hundred day simple moving average of $12.48.

Perrigo (NYSE:PRGO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. Perrigo had a negative net margin of 41.85% and a positive return on equity of 11.25%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted ($0.06) EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. On average, research analysts expect that Perrigo Company plc will post 2.17 earnings per share for the current year.

Perrigo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, November 27th. This represents a $1.16 annualized dividend and a yield of 7.3%. Perrigo’s payout ratio is -9.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Perrigo from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen downgraded Perrigo from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded Perrigo from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 29th. Finally, Weiss Ratings raised Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $18.50.

Read Our Latest Research Report on Perrigo

About Perrigo

(Free Report)

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.

Further Reading

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