Renaissance Technologies LLC Has $19.58 Million Holdings in Perrigo Company plc (NYSE:PRGO)

Renaissance Technologies LLC cut its position in Perrigo Company plc (NYSE:PRGO) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 762,410 shares of the company’s stock after selling 55,408 shares during the period. Renaissance Technologies LLC owned 0.56% of Perrigo worth $19,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRGO. Private Advisor Group LLC acquired a new position in Perrigo in the fourth quarter valued at about $300,000. Vanguard Personalized Indexing Management LLC boosted its position in Perrigo by 71.7% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 12,001 shares of the company’s stock valued at $386,000 after buying an additional 5,012 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Perrigo by 189.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,473 shares of the company’s stock valued at $1,335,000 after buying an additional 27,158 shares in the last quarter. Norges Bank acquired a new position in shares of Perrigo during the fourth quarter worth approximately $41,982,000. Finally, Corient Private Wealth LLC lifted its position in shares of Perrigo by 463.3% during the fourth quarter. Corient Private Wealth LLC now owns 663,104 shares of the company’s stock worth $21,339,000 after purchasing an additional 545,395 shares in the last quarter. 95.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PRGO has been the topic of a number of research reports. StockNews.com upgraded shares of Perrigo from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Piper Sandler reduced their target price on shares of Perrigo from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th.

Insider Buying and Selling

In other Perrigo news, Director Katherine C. Doyle sold 8,954 shares of Perrigo stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $27.30, for a total transaction of $244,444.20. Following the transaction, the director now directly owns 6,009 shares in the company, valued at $164,045.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Perrigo news, Director Katherine C. Doyle sold 8,954 shares of Perrigo stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $27.30, for a total transaction of $244,444.20. Following the transaction, the director now directly owns 6,009 shares in the company, valued at $164,045.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Svend Andersen sold 28,300 shares of Perrigo stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $27.75, for a total value of $785,325.00. Following the transaction, the executive vice president now owns 73,553 shares in the company, valued at $2,041,095.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,254 shares of company stock valued at $1,411,969. 0.70% of the stock is owned by company insiders.

Perrigo Trading Down 2.3 %

Shares of NYSE PRGO opened at $27.13 on Friday. The company’s 50 day simple moving average is $27.93 and its 200 day simple moving average is $28.78. Perrigo Company plc has a fifty-two week low of $24.82 and a fifty-two week high of $34.60. The firm has a market capitalization of $3.70 billion, a P/E ratio of -387.57 and a beta of 0.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.99 and a quick ratio of 1.24.

Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. Perrigo had a negative net margin of 2.81% and a positive return on equity of 6.79%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business posted $0.63 earnings per share. Perrigo’s revenue was down 10.7% compared to the same quarter last year. On average, analysts predict that Perrigo Company plc will post 2.57 EPS for the current year.

Perrigo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 30th were issued a $0.276 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.10 annualized dividend and a yield of 4.07%. Perrigo’s dividend payout ratio (DPR) is presently -1,571.43%.

Perrigo Profile

Perrigo Company plc provides over-the-counter health and wellness solutions to enhance individual well-being in the United States, Europe, and internationally. It operates through Consumer Self-Care Americas and Consumer Self-Care International segments. The company develops, manufactures, markets, and distributes self-care consumer products, such as upper respiratory products, including cough suppressants, expectorants, and sinus and allergy relief; nutrition products consisting of infant formulas and nutritional beverages; digestive health products, including antacids, anti-diarrheal, and anti-heartburn; pain and sleep-aids products comprising pain relievers and fever reducers; and oral care products, which include toothbrushes, toothbrush replacement heads, floss, flossers, whitening products, and toothbrush covers.