Keeley Teton Advisors LLC Purchases 145,383 Shares of Perrigo Company plc (NYSE:PRGO)

Keeley Teton Advisors LLC boosted its position in Perrigo Company plc (NYSE:PRGO) by 64.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,328 shares of the company’s stock after purchasing an additional 145,383 shares during the period. Perrigo comprises approximately 1.1% of Keeley Teton Advisors LLC’s holdings, making the stock its 6th largest position. Keeley Teton Advisors LLC owned about 0.27% of Perrigo worth $9,573,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC increased its holdings in shares of Perrigo by 1,942.0% in the 4th quarter. Headlands Technologies LLC now owns 1,409 shares of the company’s stock valued at $36,000 after purchasing an additional 1,340 shares in the last quarter. Versant Capital Management Inc acquired a new position in Perrigo during the fourth quarter worth about $45,000. GAMMA Investing LLC increased its holdings in Perrigo by 93.7% in the fourth quarter. GAMMA Investing LLC now owns 1,920 shares of the company’s stock valued at $49,000 after buying an additional 929 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Perrigo by 33.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 2,000 shares of the company’s stock valued at $51,000 after acquiring an additional 500 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Perrigo by 97.8% during the 4th quarter. Venturi Wealth Management LLC now owns 4,215 shares of the company’s stock worth $108,000 after acquiring an additional 2,084 shares in the last quarter. Hedge funds and other institutional investors own 95.91% of the company’s stock.

Perrigo Stock Up 1.3 %

Shares of NYSE:PRGO opened at $24.97 on Tuesday. The company has a market capitalization of $3.41 billion, a P/E ratio of -21.34 and a beta of 0.49. The stock’s fifty day simple moving average is $26.43 and its 200-day simple moving average is $26.06. Perrigo Company plc has a 52-week low of $23.14 and a 52-week high of $33.46. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94.

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

Perrigo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Friday, March 7th were issued a dividend of $0.29 per share. This is a boost from Perrigo’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, March 7th. This represents a $1.16 annualized dividend and a dividend yield of 4.65%. Perrigo’s dividend payout ratio (DPR) is -92.80%.

Analyst Ratings Changes

Several brokerages recently issued reports on PRGO. Argus cut Perrigo from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. 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 report on Monday, January 6th. Finally, StockNews.com cut shares of Perrigo from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Perrigo has a consensus rating of “Hold” and an average price target of $33.00.

Insider Activity

In related news, EVP Ronald Craig Janish sold 7,800 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were 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. This represents a 18.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.