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Strs Ohio invests $1.57 million in Perrigo Company plc (NYSE:PRGO)


Strs Ohio bought a new position in Perrigo Company plc (NYSE:PRGO – Free Report) in the fourth quarter, HoldingsChannel reports. The company purchased 48,893 shares of the company, worth approximately $1,573,000.

Other major investors have also made changes to their positions in the company. Qube Research & Technologies Ltd bought a new position in Perrigo in the third quarter worth approximately $5,447,000. Connor Clark & ​​Lunn Investment Management Ltd. bought a new position in shares of Perrigo worth $2,006,000 in the third quarter. The State of Kentucky Teachers Retirement System increased its position in shares of Perrigo by 94.1% during the third quarter. Teachers Retirement System of the State of Kentucky now owns 46,118 shares of the company’s stock worth $1,473,000 after acquiring an additional 22,354 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Perrigo by 4.1% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 9,627 shares of the company’s stock valued at $310,000 after acquiring an additional 380 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Perrigo by 170.5% in the third quarter. Blair William & Co. IL now owns 25,023 shares of the company’s stock, valued at $799,000, after acquiring an additional 15,774 shares in the last quarter. 95.91% of the shares are currently owned by hedge funds and other institutional investors.

Perrigo is trading 2.9% higher

PRGO opened at $30.80 on Monday. Perrigo Company plc has a 12-month low of $25.77 and a 12-month high of $40.28. The company has a current ratio of 1.79, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $30.62 and a 200-day moving average of $30.78.

Perrigo (NYSE:PRGO – Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to analyst expectations of $1.17 billion. Perrigo had a negative net margin of 0.27% and a positive return on equity of 7.34%. The company’s revenue increased by 0.1% compared to the same quarter last year. During the same quarter of the previous year, the company posted earnings per share of $0.75. On average, sell-side analysts expect Perrigo Company plc to post earnings per share of 2.55 for the current financial year.

Perrigo increases dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26. Well-known investors on Friday, March 8 received a dividend of $0.276. This is a positive change from Perrigo’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, March 7. This represents a dividend of $1.10 annually and a dividend yield of 3.58%. Perrigo’s payout ratio currently stands at -1,100.00%.

Insider transactions at Perrigo

In other Perrigo news: EVP Alison Ives acquired 2,490 Perrigo shares in a transaction that took place on Tuesday, March 5. The shares were purchased at an average price of $27.26 per share, for a total value of $67,877.40. Following the completion of the purchase, the executive vice president now directly owns 16,122 shares of the company’s stock, valued at approximately $439,485.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. In other Perrigo news: EVP Robert Willis purchased 6,000 shares in a transaction on Thursday, February 29. The shares were purchased at an average price of $25.87 per share, for a total value of $155,220.00. Following the completion of the acquisition, the executive vice president now owns 25,105 shares of the company’s stock, valued at $649,466.35. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alison Ives purchased 2,490 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of $27.26 per share, for a total value of $67,877.40. Following the completion of the purchase, the executive vice president now directly owns 16,122 shares of the company’s stock, valued at $439,485.72. The explanation for this purchase can be found here. In the last 90 days, insiders have purchased 17,990 shares of company stock worth $475,227. Currently, 0.40% of the shares are owned by corporate insiders.

Changes in analyst ratings

PRGO has been the subject of several research reports. Canaccord Genuity Group reissued a “buy” rating and set a $42.00 price objective on shares of Perrigo in a report on Friday, April 12. JPMorgan Chase & Co. lowered his price target on Perrigo from $48.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, February 28. StockNews.com raised Perrigo from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, Piper Sandler raised their target price on shares of Perrigo from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, April 8.

Get our latest report on Perrigo

Perrigo profile

(Free report)

Perrigo Company plc provides over-the-counter health and wellness solutions to improve individual well-being in the United States, Europe and internationally. It operates through the 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; Food products consisting of infant formula and nutritional drinks; digestive products, including antacids, anti-diarrhea and heartburn remedies; Pain and sleeping pills, consisting of painkillers and fever reducers; and oral care products, including toothbrushes, toothbrush replacement heads, dental floss, flossers, whitening products and toothbrush covers.

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Would you like to see which other hedge funds own PRGO? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Perrigo Company plc (NYSE:PRGO – Free Report).

Quarterly Institutional Ownership for Perrigo (NYSE:PRGO)



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