Orion Porfolio Solutions LLC Acquires 53,256 Shares of Perrigo Company plc $PRGO

by · The Markets Daily

Orion Porfolio Solutions LLC boosted its stake in shares of Perrigo Company plc (NYSE:PRGO – Free Report) by 68.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,228 shares of the company’s stock after acquiring an additional 53,256 shares during the quarter. Orion Porfolio Solutions LLC owned about 0.10% of Perrigo worth $3,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in shares of Perrigo by 439.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 965 shares of the company’s stock worth $27,000 after purchasing an additional 786 shares during the period. Huntington National Bank boosted its stake in Perrigo by 237.8% during the second quarter. Huntington National Bank now owns 1,054 shares of the company’s stock worth $28,000 after buying an additional 742 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Perrigo by 54.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,201 shares of the company’s stock valued at $32,000 after acquiring an additional 424 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Perrigo by 101.0% in the second quarter. Hantz Financial Services Inc. now owns 1,234 shares of the company’s stock valued at $33,000 after acquiring an additional 620 shares during the period. Finally, Kestra Investment Management LLC lifted its holdings in shares of Perrigo by 57.1% in the 2nd quarter. Kestra Investment Management LLC now owns 1,766 shares of the company’s stock worth $47,000 after acquiring an additional 642 shares during the last quarter. 95.91% of the stock is currently owned by hedge funds and other institutional investors.

Perrigo Stock Up 2.3%

Shares of NYSE:PRGO opened at $13.32 on Thursday. The business’s 50 day moving average is $16.50 and its 200 day moving average is $21.90. The stock has a market cap of $1.83 billion, a P/E ratio of -35.06 and a beta of 0.39. Perrigo Company plc has a 52-week low of $12.17 and a 52-week high of $30.93. The company has a quick ratio of 1.44, a current ratio of 2.51 and a debt-to-equity ratio of 0.81.

Perrigo (NYSE:PRGO – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Perrigo had a positive return on equity of 9.16% and a negative net margin of 1.21%.The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.10 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS. Perrigo has set its FY 2025 guidance at 2.700-2.80 EPS. Sell-side analysts predict that Perrigo Company plc will post 2.56 EPS for the current year.

Perrigo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Friday, November 28th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.16 dividend on an annualized basis and a yield of 8.7%. Perrigo’s dividend payout ratio (DPR) is -305.26%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of Perrigo from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. cut their target price on Perrigo from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Research lowered Perrigo from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Perrigo in a report on Monday. Finally, Canaccord Genuity Group reduced their target price on Perrigo from $40.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Perrigo presently has an average rating of “Reduce” and a consensus target price of $22.00.

Get Our Latest Research Report on Perrigo

Insider Activity at Perrigo

In other Perrigo news, Director Geoffrey M. Parker acquired 7,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $14.18 per share, for a total transaction of $106,350.00. Following the completion of the purchase, the director owned 17,375 shares in the company, valued at approximately $246,377.50. This trade represents a 75.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Perrigo Company Profile

(Free Report)

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.

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