Itau Unibanco Holding S.A. Sells 9,277 Shares of Perrigo Company plc (NYSE:PRGO)

Itau Unibanco Holding S.A. lessened its stake in shares of Perrigo Company plc (NYSE:PRGO) by 43.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,030 shares of the company’s stock after selling 9,277 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Perrigo were worth $304,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Perrigo by 6,828.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,845,539 shares of the company’s stock worth $201,710,000 after purchasing an additional 7,732,309 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Perrigo by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,989,530 shares of the company’s stock valued at $179,698,000 after acquiring an additional 27,835 shares during the period. Cooke & Bieler LP increased its stake in Perrigo by 4.1% during the 4th quarter. Cooke & Bieler LP now owns 3,573,651 shares of the company’s stock worth $91,879,000 after purchasing an additional 139,650 shares in the last quarter. Ion Asset Management Ltd. increased its holdings in Perrigo by 50.1% during the 4th quarter. Ion Asset Management Ltd. now owns 2,820,000 shares of the company’s stock worth $72,502,000 after purchasing an additional 941,667 shares in the last quarter. Finally, Sound Shore Management Inc. CT raised its position in Perrigo by 0.4% in the 4th quarter. Sound Shore Management Inc. CT now owns 2,668,780 shares of the company’s stock valued at $68,614,000 after buying an additional 9,868 shares during the last quarter. 95.91% of the stock is owned by institutional investors.

Insider Transactions at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.44, for a total transaction of $214,032.00. Following the completion of the transaction, the executive vice president now owns 33,666 shares of the company’s stock, valued at approximately $923,795.04. The trade was a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

Perrigo Price Performance

Shares of NYSE PRGO opened at $25.29 on Friday. The firm has a market cap of $3.45 billion, a P/E ratio of -21.61 and a beta of 0.49. The business’s 50 day moving average is $26.55 and its 200-day moving average is $26.08. The company has a current ratio of 2.56, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. Perrigo Company plc has a 1-year low of $23.14 and a 1-year high of $33.46.

Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.01. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. Equities research analysts predict that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.59%. Perrigo’s payout ratio is -92.80%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PRGO. StockNews.com cut shares of Perrigo from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Argus downgraded Perrigo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler cut Perrigo from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $34.00 to $27.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

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.