Two Sigma Advisers LP Takes Position in Perrigo Company PLC (PRGO)

Two Sigma Advisers LP bought a new position in Perrigo Company PLC (NYSE:PRGO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,400 shares of the company’s stock, valued at approximately $984,000.

A number of other hedge funds have also modified their holdings of the business. LS Investment Advisors LLC grew its stake in Perrigo by 5.9% in the fourth quarter. LS Investment Advisors LLC now owns 4,317 shares of the company’s stock valued at $167,000 after acquiring an additional 239 shares during the period. Prudential Financial Inc. grew its stake in Perrigo by 0.3% in the fourth quarter. Prudential Financial Inc. now owns 134,445 shares of the company’s stock valued at $5,210,000 after acquiring an additional 339 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in Perrigo by 3.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,692 shares of the company’s stock valued at $453,000 after acquiring an additional 414 shares during the period. Bessemer Group Inc. grew its stake in Perrigo by 9.2% in the fourth quarter. Bessemer Group Inc. now owns 4,930 shares of the company’s stock valued at $191,000 after acquiring an additional 415 shares during the period. Finally, United Services Automobile Association grew its stake in Perrigo by 1.2% in the fourth quarter. United Services Automobile Association now owns 42,561 shares of the company’s stock valued at $1,649,000 after acquiring an additional 521 shares during the period. Institutional investors and hedge funds own 85.29% of the company’s stock.

Shares of NYSE:PRGO opened at $50.37 on Monday. The company has a market cap of $6.84 billion, a P/E ratio of 11.07, a P/E/G ratio of 2.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.32 and a current ratio of 1.89. Perrigo Company PLC has a 12-month low of $36.28 and a 12-month high of $83.26.



Perrigo (NYSE:PRGO) last announced its earnings results on Wednesday, February 27th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.01). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Perrigo had a net margin of 2.77% and a return on equity of 10.74%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. As a group, research analysts predict that Perrigo Company PLC will post 4.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 1st were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.76 annualized dividend and a yield of 1.51%. Perrigo’s dividend payout ratio is currently 16.70%.

A number of brokerages have commented on PRGO. SunTrust Banks reduced their price objective on Perrigo to $46.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. ValuEngine cut Perrigo from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st. Morgan Stanley cut their target price on Perrigo from $67.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 26th. Royal Bank of Canada set a $48.00 target price on Perrigo and gave the company a “hold” rating in a research report on Thursday, February 28th. Finally, Wells Fargo & Co set a $47.00 target price on Perrigo and gave the company a “hold” rating in a research report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $74.33.

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Perrigo Profile

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

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Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

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