Meitav Dash Investments Ltd. Cuts Stake in Perrigo Company plc (NYSE:PRGO)

Meitav Dash Investments Ltd. trimmed its position in shares of Perrigo Company plc (NYSE:PRGOGet Rating) by 5.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 140,941 shares of the company’s stock after selling 7,626 shares during the quarter. Meitav Dash Investments Ltd. owned about 0.10% of Perrigo worth $5,390,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Veriti Management LLC grew its position in Perrigo by 7.8% during the 1st quarter. Veriti Management LLC now owns 7,315 shares of the company’s stock valued at $281,000 after purchasing an additional 529 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Perrigo by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 35,000 shares of the company’s stock valued at $1,243,000 after acquiring an additional 600 shares during the period. Ridgewood Investments LLC lifted its stake in Perrigo by 3.9% during the 1st quarter. Ridgewood Investments LLC now owns 16,521 shares of the company’s stock valued at $635,000 after acquiring an additional 622 shares during the period. Advisor Group Holdings Inc. lifted its stake in Perrigo by 6.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 11,691 shares of the company’s stock valued at $453,000 after acquiring an additional 755 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in Perrigo during the 4th quarter valued at about $31,000. 91.25% of the stock is owned by hedge funds and other institutional investors.

Perrigo Stock Performance

PRGO opened at $42.98 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.97 and a current ratio of 4.01. The company’s 50-day simple moving average is $40.57 and its two-hundred day simple moving average is $38.13. Perrigo Company plc has a 52-week low of $31.32 and a 52-week high of $50.90.

Perrigo (NYSE:PRGOGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.09). Perrigo had a negative net margin of 2.07% and a positive return on equity of 4.88%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.50 EPS. On average, research analysts forecast that Perrigo Company plc will post 2.28 EPS for the current year.

Perrigo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, September 1st. Perrigo’s dividend payout ratio (DPR) is presently -160.00%.

About Perrigo

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Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International.

Further Reading

Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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