Perrigo Company plc $PRGO Stock Bought by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Perrigo Company plc (NYSE:PRGO) by 51.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 959,053 shares of the company’s stock after purchasing an additional 326,797 shares during the quarter. ProShare Advisors LLC’s holdings in Perrigo were worth $14,156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parrish Capital LLC increased its holdings in shares of Perrigo by 4.3% in the second quarter. Parrish Capital LLC now owns 33,896 shares of the company’s stock worth $352,000 after purchasing an additional 1,384 shares during the last quarter. Signaturefd LLC increased its position in Perrigo by 20.4% during the third quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock valued at $150,000 after acquiring an additional 1,726 shares during the last quarter. Abel Hall LLC raised its stake in shares of Perrigo by 14.0% in 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 during the period. KBC Group NV raised its stake in shares of Perrigo by 61.3% in the first quarter. KBC Group NV now owns 6,283 shares of the company’s stock valued at $67,000 after acquiring an additional 2,388 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Perrigo by 9.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,053 shares of the company’s stock worth $376,000 after acquiring an additional 3,073 shares during the last quarter. Institutional investors own 95.91% of the company’s stock.

Analyst Ratings Changes

PRGO has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Perrigo from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded Perrigo from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Canaccord Genuity Group lifted their target price on Perrigo from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday. Finally, Weiss Ratings raised Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 6th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $18.50.

Perrigo Trading Up 0.2%

Shares of NYSE PRGO opened at $15.81 on Tuesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.32 and a quick ratio of 1.32. The stock has a market capitalization of $2.19 billion, a P/E ratio of -1.26, a price-to-earnings-growth ratio of 1.83 and a beta of 0.69. Perrigo Company plc has a 1-year low of $9.23 and a 1-year high of $20.65. The business has a fifty day moving average price of $14.86 and a 200 day moving average price of $12.48.

Perrigo (NYSE:PRGO) last posted its earnings results on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. Perrigo had a positive return on equity of 11.25% and a negative net margin of 41.85%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The firm’s quarterly 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. Equities research analysts expect that Perrigo Company plc will post 2.17 EPS for the current fiscal year.

Perrigo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, November 27th. Perrigo’s payout ratio is currently -9.27%.

Perrigo 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.