Mizuho Asset Management Co. Ltd. increased its position in Perrigo Co. (NYSE:PRGO) by 105.3% during the second quarter, Holdings Channel reports. The firm owned 1,932 shares of the company’s stock after buying an additional 991 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Perrigo were worth $175,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Amica Retiree Medical Trust acquired a new position in shares of Perrigo during the second quarter valued at about $105,000. Balentine LLC raised its position in shares of Perrigo by 28.3% in the first quarter. Balentine LLC now owns 1,044 shares of the company’s stock valued at $134,000 after buying an additional 230 shares during the last quarter. Hall Laurie J Trustee raised its position in shares of Perrigo by 49.1% in the second quarter. Hall Laurie J Trustee now owns 1,670 shares of the company’s stock valued at $156,000 after buying an additional 550 shares during the last quarter. MU Investments Co. Ltd. acquired a new position in shares of Perrigo during the second quarter valued at about $176,000. Finally, Smithfield Trust Co. raised its position in shares of Perrigo by 4,352.2% in the second quarter. Smithfield Trust Co. now owns 2,048 shares of the company’s stock valued at $186,000 after buying an additional 2,002 shares during the last quarter. 71.11% of the stock is currently owned by institutional investors and hedge funds.

Perrigo Co. (NYSE:PRGO) traded up 1.1684% during mid-day trading on Thursday, hitting $94.7847. 42,759 shares of the stock were exchanged. The company has a 50-day moving average price of $91.12 and a 200-day moving average price of $102.32. The company’s market cap is $13.58 billion. Perrigo Co. has a one year low of $82.50 and a one year high of $170.73.

Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $1.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.98 by $0.05. Perrigo had a positive return on equity of 10.19% and a negative net margin of 2.39%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business posted $2.18 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts forecast that Perrigo Co. will post $7.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Friday, August 26th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.62%. The ex-dividend date was Wednesday, August 24th. Perrigo’s payout ratio is currently -60.42%.

PRGO has been the topic of several research reports. Bank of America Corp. reissued a “sell” rating and set a $109.00 price objective on shares of Perrigo in a report on Wednesday, June 15th. Vetr lowered shares of Perrigo from a “strong-buy” rating to a “buy” rating and set a $98.60 price objective on the stock. in a report on Monday, August 15th. Deutsche Bank AG raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Friday, July 22nd. Argus lowered shares of Perrigo from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Finally, Guggenheim set a $125.00 price objective on shares of Perrigo and gave the company a “buy” rating in a report on Thursday, September 15th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company’s stock. Perrigo presently has a consensus rating of “Hold” and an average price target of $113.37.

In other news, EVP Judy L. Brown sold 2,095 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $88.28, for a total value of $184,946.60. Following the completion of the sale, the executive vice president now owns 16,292 shares in the company, valued at approximately $1,438,257.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herman Morris, Jr. sold 1,073 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $90.96, for a total transaction of $97,600.08. Following the completion of the sale, the director now owns 10,425 shares of the company’s stock, valued at approximately $948,258. The disclosure for this sale can be found here. Company insiders own 4.47% of the company’s stock.

Perrigo Company Profile

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