ProShare Advisors LLC Purchases 326,797 Shares of Perrigo Company plc $PRGO

ProShare Advisors LLC boosted its position in Perrigo Company plc (NYSE:PRGO) by 51.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 959,053 shares of the company’s stock after acquiring an additional 326,797 shares during the period. ProShare Advisors LLC owned 0.69% of Perrigo worth $14,156,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vise Technologies Inc. increased its stake in Perrigo by 77.3% during the 3rd quarter. Vise Technologies Inc. now owns 22,352 shares of the company’s stock valued at $330,000 after purchasing an additional 9,747 shares in the last quarter. State of Wyoming increased its position in shares of Perrigo by 103.9% during the third quarter. State of Wyoming now owns 37,075 shares of the company’s stock valued at $547,000 after acquiring an additional 18,891 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Perrigo by 275.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 79,900 shares of the company’s stock worth $1,179,000 after acquiring an additional 58,600 shares during the last quarter. Childress Capital Advisors LLC purchased a new position in Perrigo in the 3rd quarter worth approximately $280,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its position in Perrigo by 86.9% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 10,763 shares of the company’s stock valued at $159,000 after acquiring an additional 5,003 shares in the last quarter. 95.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PRGO has been the subject of a number of research analyst reports. Wall Street Zen lowered Perrigo from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded Perrigo from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 6th. Zacks Research lowered Perrigo from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Finally, Canaccord Genuity Group upped their target price on shares of Perrigo from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $18.50.

Perrigo Stock Performance

PRGO opened at $15.81 on Tuesday. The company’s 50 day moving average is $14.86 and its 200 day moving average is $12.48. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -1.26, a PEG ratio of 1.83 and a beta of 0.69. Perrigo Company plc has a 12-month low of $9.23 and a 12-month high of $20.65. The company has a current ratio of 2.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.31.

Perrigo (NYSE:PRGO) last announced its earnings results on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Perrigo had a positive return on equity of 11.25% and a negative net margin of 41.85%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm earned ($0.06) EPS. Perrigo’s revenue for the quarter 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, equities research analysts predict that Perrigo Company plc will post 2.17 EPS for the current year.

Perrigo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, November 27th. This represents a $1.16 dividend on an annualized basis and a yield of 7.3%. Perrigo’s dividend payout ratio (DPR) is presently -9.27%.

Perrigo Company Profile

Perrigo Company plc is a global consumer self-care company that develops, manufactures and markets over-the-counter health products, wellness products and personal care items. Its portfolio includes products for allergy, pain relief, digestive health, skin care, smoking cessation, women’s health and other everyday health needs, along with vitamins, nutritional supplements and infant nutrition products.

Perrigo supplies products under its own brands, acquired brands and retailer-owned private-label labels.