Perrigo Company plc (NYSE:PRGO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Posted by Defense World Staff on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Perrigo Company plc (NYSE:PRGO – Get Rating) by 42.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,942 shares of the company’s stock after selling 11,875 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Perrigo were worth $568,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. CIBC Private Wealth Group LLC acquired a new position in Perrigo during the 2nd quarter worth approximately $32,000. Private Trust Co. NA grew its holdings in Perrigo by 228.5% during the 3rd quarter. Private Trust Co. NA now owns 910 shares of the company’s stock worth $32,000 after acquiring an additional 633 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in Perrigo during the 3rd quarter worth approximately $34,000. CWM LLC grew its holdings in Perrigo by 315.2% during the 3rd quarter. CWM LLC now owns 1,009 shares of the company’s stock worth $36,000 after acquiring an additional 766 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in Perrigo by 117.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,274 shares of the company’s stock worth $45,000 after acquiring an additional 687 shares in the last quarter. Institutional investors and hedge funds own 94.09% of the company’s stock.

Wall Street Analysts Forecast Growth

PRGO has been the subject of several recent analyst reports. StockNews.com upgraded shares of Perrigo from a “hold” rating to a “buy” rating in a research report on Tuesday. Raymond James reduced their price objective on shares of Perrigo from $48.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th.

Insiders Place Their Bets

In other Perrigo news, EVP Grainne Quinn sold 2,368 shares of the firm’s stock in a transaction on Friday, December 16th. The stock was sold at an average price of $31.65, for a total value of $74,947.20. Following the sale, the executive vice president now directly owns 9,118 shares in the company, valued at $288,584.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by corporate insiders.

Perrigo Stock Performance

PRGO stock opened at $37.69 on Wednesday. The company has a fifty day moving average price of $35.86 and a 200 day moving average price of $36.42. Perrigo Company plc has a 12 month low of $30.78 and a 12 month high of $43.90. The company has a current ratio of 2.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.89.

Perrigo (NYSE:PRGO – Get Rating) last posted its quarterly earnings results on Monday, February 27th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. Perrigo had a negative net margin of 2.91% and a positive return on equity of 5.79%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Perrigo Company plc will post 2.72 EPS for the current fiscal year.

Perrigo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Friday, March 10th will be given a dividend of $0.273 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.90%. This is an increase from Perrigo’s previous quarterly dividend of $0.26. Perrigo’s dividend payout ratio (DPR) is presently -108.33%.

About Perrigo

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Perrigo Co Plc engages in the provision of self-care products and over-the-counter (OTC) health and wellness solutions. It enhances individual well-being by empowering consumers to proactively prevent or treat conditions that can be self-managed. It operates through the following segments: Consumer Self-Care Americas (CSCA) and Consumer Self-Care International (CSCI).