Bayforest Capital Ltd Acquires New Holdings in Perrigo Company plc (NYSE:PRGO)

Bayforest Capital Ltd bought a new position in shares of Perrigo Company plc (NYSE:PRGO) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 8,759 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors have also recently bought and sold shares of the stock. American Assets Inc. bought a new stake in shares of Perrigo in the fourth quarter valued at about $386,000. LPL Financial LLC grew its stake in shares of Perrigo by 34.4% during the 4th quarter. LPL Financial LLC now owns 37,738 shares of the company’s stock worth $970,000 after acquiring an additional 9,663 shares in the last quarter. Norges Bank acquired a new stake in shares of Perrigo in the fourth quarter valued at approximately $36,614,000. Headlands Technologies LLC lifted its position in shares of Perrigo by 1,942.0% in the fourth quarter. Headlands Technologies LLC now owns 1,409 shares of the company’s stock worth $36,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Perrigo in the fourth quarter valued at $1,207,000. Institutional investors own 95.91% of the company’s stock.

Perrigo Trading Up 0.1%

Perrigo stock opened at $26.69 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.36. The stock has a market capitalization of $3.67 billion, a P/E ratio of -20.37 and a beta of 0.47. Perrigo Company plc has a 52 week low of $23.14 and a 52 week high of $30.93. The stock has a 50-day simple moving average of $27.01 and a 200 day simple moving average of $26.30.

Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.09 billion. Perrigo had a negative net margin of 4.16% and a positive return on equity of 8.93%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. Analysts expect that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, August 29th. Perrigo’s payout ratio is currently -88.55%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Perrigo from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Perrigo presently has an average rating of “Hold” and a consensus price target of $33.00.

About Perrigo

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.