<div id="readability-page-1"><p>Perrigo Company plc (NYSE:PRGO - Get Free Report) has been given an average recommendation of &#34;Hold&#34; by the five ratings firms that are currently  covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to  the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.00.</p><p>Several equities analysts have commented on the company. Jefferies Financial Group  reaffirmed a &#34;hold&#34; rating and issued a $30.00 price target (down previously from $50.00) on shares of Perrigo in a report on Monday, September 23rd. Piper Sandler downgraded shares of Perrigo from an &#34;overweight&#34; rating to a &#34;neutral&#34; rating and decreased their price target for the stock from $34.00 to $27.00 in a research note on Monday, January 6th. Canaccord Genuity Group  restated a &#34;buy&#34; rating and issued a $42.00 price objective on shares of Perrigo in a research note on Monday, September 30th. StockNews.com lowered shares of Perrigo from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday. Finally, Argus lowered shares of Perrigo from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday.</p><p><b>Get Our Latest Research Report on PRGO</b></p><h2>Perrigo Stock Performance</h2><p>Shares of PRGO traded down $0.58 during mid-day trading on Tuesday, hitting $23.76. The company's stock had a trading volume of 98,548 shares, compared to its average volume of 1,370,925. Perrigo has a one year low of $23.73 and a one year high of $33.96. The stock's 50-day moving average is $26.71 and its two-hundred day moving average is $26.80. The firm has a market capitalization of $3.24 billion, a PE ratio of -20.31 and a beta of 0.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.56. </p><p>Perrigo (NYSE:PRGO - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.81 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.12 billion. Perrigo had a negative net margin of 3.64% and a positive return on equity of 7.38%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS.  As a group, sell-side analysts anticipate that  Perrigo will post 2.56 EPS for the current year. </p><h2>Perrigo Announces Dividend</h2><p>The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were issued a $0.276 dividend. This represents a $1.10 annualized dividend and a dividend yield of 4.65%. The ex-dividend date  was Friday, November 29th. Perrigo's payout ratio is -94.02%. </p><h2>Insider Activity at Perrigo</h2><p>In other news, Director Jeffrey B. Kindler sold 17,598 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $28.27, for a total transaction of $497,495.46. Following the sale, the director now owns 5,409 shares in the company, valued at approximately $152,912.43. This represents a 76.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On Perrigo</h2><p>Hedge funds and other institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund Corp grew its position in shares of  Perrigo by 1.2% during the 2nd quarter. Texas Permanent School Fund Corp now owns 119,298 shares of the company's stock worth $3,064,000 after buying an additional 1,357 shares during the period.  American Century Companies Inc. raised its position in shares of  Perrigo by 13.7% during the 2nd quarter. American Century Companies Inc. now owns 24,334 shares of the company's stock valued at $625,000 after acquiring an additional 2,929 shares during the last quarter.  Dimensional Fund Advisors LP lifted its stake in shares of  Perrigo by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,162,656 shares of the company's stock valued at $183,935,000 after purchasing an additional 249,640 shares during the period.  Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of  Perrigo by 4.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 301,570 shares of the company's stock worth $7,744,000 after purchasing an additional 12,254 shares during the last quarter.  Finally, Amalgamated Bank boosted its position in shares of  Perrigo by 3.3% in the 2nd quarter. Amalgamated Bank now owns 85,350 shares of the company's stock worth $2,192,000 after purchasing an additional 2,752 shares during the last quarter. 95.91% of the stock is owned by institutional investors and hedge funds. </p><h2>About Perrigo</h2> (Get Free Report<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Perrigo</li><li>Manufacturing Stocks Investing</li><li>The Fed Is More Likely to Hike Than Cut Rates in 2025</li><li>Upcoming IPO Stock Lockup Period, Explained</li><li>Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil</li><li>3 Home Improvement Stocks that Can Upgrade Your Portfolio</li><li>Archer Aviation Shares Slide, Now Bargain Priced for 2025</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBSR08?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBSR08"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Perrigo Right Now?</h2><p>Before you consider Perrigo, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perrigo wasn't on the list.</p><p>While Perrigo currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PRGO

<p>Perrigo Company plc (NYSE:PRGO) has received an average rating of "Hold" from five analysts, with three recommending hold and two buy. The average target price is $35.00. Recent ratings include Jefferies Financial Group's hold at $30.00, Piper Sandler's downgrade to neutral at $27.00, and Canaccord Genuity's buy at $42.00. The stock is currently trading at $23.76, with a market cap of $3.24 billion. Perrigo also announced a quarterly dividend of $0.276, yielding 4.65%.</p>

Perrigo Company plc (NYSE:PRGO) Receives Average Rating of "Hold" from Analysts