O Keefe Stevens Advisory Inc. grew its position in Perrigo Company plc (NYSE:PRGO – Free Report) by 9.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 915,885 shares of the company’s stock after purchasing an additional 80,230 shares during the quarter. Perrigo makes up 2.8% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 16th largest position. O Keefe Stevens Advisory Inc. owned approximately 0.66% of Perrigo worth $13,518,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. First Trust Advisors LP increased its holdings in shares of Perrigo by 125.5% in the 1st quarter. First Trust Advisors LP now owns 1,496,244 shares of the company’s stock valued at $16,070,000 after acquiring an additional 832,686 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Perrigo in the 1st quarter valued at $4,806,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Perrigo during the 2nd quarter worth $4,066,000. Sound Income Strategies LLC boosted its stake in Perrigo by 34.0% in the first quarter. Sound Income Strategies LLC now owns 1,525,384 shares of the company’s stock valued at $16,779,000 after acquiring an additional 387,027 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Perrigo by 29.7% in the first quarter. Gamco Investors INC. ET AL now owns 1,397,866 shares of the company’s stock valued at $15,013,000 after acquiring an additional 320,081 shares in the last quarter. 95.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Weiss Ratings raised Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Perrigo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.33.
Perrigo Stock Performance
Shares of NYSE PRGO traded up $0.62 during mid-day trading on Friday, hitting $15.12. 795,866 shares of the company were exchanged, compared to its average volume of 3,075,461. The stock has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $11.83. Perrigo Company plc has a 1-year low of $9.23 and a 1-year high of $22.02. The company has a quick ratio of 1.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.31. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -1.21, a price-to-earnings-growth ratio of 1.67 and a beta of 0.69.
Perrigo (NYSE:PRGO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. Perrigo had a negative net margin of 41.85% and a positive return on equity of 11.25%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company posted ($0.06) EPS. Perrigo’s revenue was down 3.1% compared to the same quarter last year. Perrigo has set its FY 2026 guidance at 2.250-2.550 EPS. On average, sell-side analysts forecast that Perrigo Company plc will post 2.18 EPS for the current fiscal year.
Perrigo Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Friday, August 28th. Perrigo’s dividend payout ratio (DPR) is currently -9.27%.
Perrigo Profile
Perrigo Company plc (NYSE: PRGO) is a global consumer self-care company that develops, manufactures and sells over-the-counter (OTC) health and wellness products. Its portfolio includes products for pain relief, allergy and cold relief, digestive health, sleep support, skin care, women’s health and oral care. Perrigo supplies both its own brands and retailer-owned store brands.
The company markets products under a range of brand names, including Compeed, ACO, ellaOne and other regional brands, while also producing private-label alternatives to widely used consumer health products.
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