Nisa Investment Advisors LLC grew its stake in Perrigo Company plc (NYSE:PRGO – Free Report) by 328.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,190 shares of the company’s stock after acquiring an additional 43,854 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Perrigo were worth $844,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Sound Income Strategies LLC grew its stake in Perrigo by 3.9% in the 3rd quarter. Sound Income Strategies LLC now owns 1,615,467 shares of the company’s stock worth $23,424,000 after acquiring an additional 60,838 shares during the period. Bank of America Corp DE raised its holdings in Perrigo by 25.5% in the 1st quarter. Bank of America Corp DE now owns 1,568,598 shares of the company’s stock valued at $16,847,000 after acquiring an additional 318,248 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Perrigo by 125.5% during the 1st quarter. First Trust Advisors LP now owns 1,496,244 shares of the company’s stock worth $16,070,000 after purchasing an additional 832,686 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Perrigo by 29.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,397,866 shares of the company’s stock worth $15,013,000 after purchasing an additional 320,081 shares during the period. Finally, O Keefe Stevens Advisory Inc. boosted its holdings in shares of Perrigo by 9.6% during the third quarter. O Keefe Stevens Advisory Inc. now owns 915,885 shares of the company’s stock worth $13,518,000 after purchasing an additional 80,230 shares during the last quarter. Institutional investors and hedge funds own 95.91% of the company’s stock.
Perrigo Stock Up 1.4%
NYSE:PRGO opened at $16.04 on Wednesday. The stock has a 50 day moving average of $14.69 and a 200-day moving average of $12.46. Perrigo Company plc has a 52 week low of $9.23 and a 52 week high of $21.84.
Perrigo (NYSE:PRGO – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted ($0.06) EPS. The firm’s revenue was down 3.1% on a year-over-year basis. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. As a group, sell-side analysts anticipate that Perrigo Company plc will post 2.17 earnings per share for the current fiscal year.
Perrigo Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were given a $0.29 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.16 annualized dividend and a yield of 7.2%.
Analyst Ratings Changes
PRGO has been the subject of several analyst reports. Weiss Ratings upgraded Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 6th. Wall Street Zen lowered Perrigo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.50.
Check Out Our Latest Stock Report on PRGO
Perrigo Company 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.
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