Perrigo Company plc (NYSE:PRGO) Shares Acquired by Citigroup Inc.

Citigroup Inc. grew its holdings in Perrigo Company plc (NYSE:PRGO) by 94.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,520 shares of the company’s stock after acquiring an additional 73,457 shares during the period. Citigroup Inc. owned about 0.11% of Perrigo worth $3,974,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in shares of Perrigo during the 3rd quarter worth $56,000. KBC Group NV grew its position in Perrigo by 25.1% during the third quarter. KBC Group NV now owns 4,517 shares of the company’s stock worth $118,000 after buying an additional 905 shares during the period. Voisard Asset Management Group Inc. grew its position in Perrigo by 520.0% during the second quarter. Voisard Asset Management Group Inc. now owns 4,650 shares of the company’s stock worth $119,000 after buying an additional 3,900 shares during the period. Atria Investments Inc acquired a new position in Perrigo during the third quarter worth about $208,000. Finally, CWM LLC lifted its stake in shares of Perrigo by 877.0% during the second quarter. CWM LLC now owns 8,197 shares of the company’s stock valued at $210,000 after buying an additional 7,358 shares during the period. 95.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Perrigo

In related news, Director Katherine C. Doyle sold 8,954 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $27.30, for a total transaction of $244,444.20. Following the completion of the sale, the director now owns 6,009 shares in the company, valued at $164,045.70. This trade represents a 59.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Perrigo Stock Performance

PRGO stock opened at $28.42 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. The stock has a market cap of $3.88 billion, a P/E ratio of -24.29 and a beta of 0.52. The firm has a 50 day simple moving average of $26.09 and a 200 day simple moving average of $27.00. Perrigo Company plc has a 52 week low of $23.89 and a 52 week high of $34.60.

Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $0.64 earnings per share. Perrigo’s revenue for the quarter was down 3.2% on a year-over-year basis. Research analysts anticipate that Perrigo Company plc will post 2.56 earnings per share for the current fiscal year.

Perrigo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.276 per share. This represents a $1.10 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Friday, November 29th. Perrigo’s payout ratio is currently -94.02%.

Analyst Ratings Changes

PRGO has been the topic of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Perrigo in a research note on Monday, September 30th. Jefferies Financial Group reissued a “hold” rating and set a $30.00 price objective (down from $50.00) on shares of Perrigo in a report on Monday, September 23rd. Finally, StockNews.com raised shares of Perrigo from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Perrigo Company 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.