BlackRock Amends Perrigo Stake, Updates Holdings as of Dec 31, 2023
Ticker: PRGO · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1585364
| Field | Detail |
|---|---|
| Company | Perrigo Co PLC (PRGO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock just updated its Perrigo stake, good to know what big players are doing.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Perrigo Company plc's Common Stock as of December 31, 2023. This amendment, number 9, updates their previous holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their reported ownership can signal their confidence (or lack thereof) in Perrigo's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Perrigo, which can influence market perception and potentially the stock price, as large institutional holdings are often seen as a vote of confidence.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and does not inherently signal significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant holder in Perrigo, but this routine update doesn't provide new actionable insights beyond confirming their position as of year-end 2023.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- Perrigo Company plc (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9)' sections.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the 'Subject Company' or 'Issuer' of the securities being reported?
The 'Subject Company' or 'Issuer' is Perrigo Company plc, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PERRIGO Co plc' and 'Perrigo Company plc (Name of Issuer)'.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as explicitly stated in the filing.
What is the SEDOL Number for the securities reported?
The SEDOL Number for the Common Stock of Perrigo Company plc is BGH1M56, as listed under '(SEDOL Number) BGH1M56'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding PERRIGO Co plc (PRGO).