Moors & Cabot Inc. increased its holdings in shares of Perrigo Company PLC (NYSE:PRGO) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,441 shares of the company’s stock after purchasing an additional 652 shares during the period. Moors & Cabot Inc.’s holdings in Perrigo were worth $310,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its stake in Perrigo by 1.8% during the 4th quarter. BlackRock Inc. now owns 8,470,433 shares of the company’s stock worth $328,230,000 after purchasing an additional 149,975 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Perrigo by 20.4% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,363,562 shares of the company’s stock worth $91,588,000 after acquiring an additional 400,000 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its stake in shares of Perrigo by 22.8% in the 1st quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 2,158,199 shares of the company’s stock worth $103,939,000 after acquiring an additional 400,000 shares during the period. Parnassus Investments CA lifted its stake in shares of Perrigo by 77.3% in the 1st quarter. Parnassus Investments CA now owns 1,950,000 shares of the company’s stock worth $93,912,000 after acquiring an additional 850,000 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Perrigo by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 1,687,709 shares of the company’s stock worth $65,286,000 after acquiring an additional 186,095 shares during the period. Hedge funds and other institutional investors own 86.00% of the company’s stock.

Shares of NYSE PRGO opened at $49.79 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.64 and a debt-to-equity ratio of 0.48. Perrigo Company PLC has a 52 week low of $36.28 and a 52 week high of $80.66. The stock has a market capitalization of $6.58 billion, a P/E ratio of 10.94, a P/E/G ratio of 2.62 and a beta of 1.29.

Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.13. Perrigo had a net margin of 2.43% and a return on equity of 10.40%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business earned $1.26 earnings per share. As a group, research analysts anticipate that Perrigo Company PLC will post 3.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Friday, May 31st will be paid a $0.21 dividend. This is a boost from Perrigo’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.69%. Perrigo’s dividend payout ratio (DPR) is 16.70%.

PRGO has been the subject of several recent analyst reports. SunTrust Banks reduced their target price on shares of Perrigo to $46.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. 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. ValuEngine cut shares of Perrigo from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. 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, Cantor Fitzgerald restated a “buy” rating and issued a $107.00 target price on shares of Perrigo in a research note on Wednesday, May 8th. Two equities research 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. Perrigo currently has an average rating of “Hold” and a consensus target price of $73.00.

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About Perrigo

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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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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