Perrigo Company plc (NYSE:PRGO) Position Increased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its stake in Perrigo Company plc (NYSE:PRGO) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 119,298 shares of the company’s stock after acquiring an additional 1,357 shares during the period. Texas Permanent School Fund Corp’s holdings in Perrigo were worth $3,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Arizona State Retirement System lifted its holdings in shares of Perrigo by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 37,939 shares of the company’s stock worth $974,000 after purchasing an additional 699 shares during the last quarter. Victory Capital Management Inc. raised its stake in Perrigo by 23.2% during the 2nd quarter. Victory Capital Management Inc. now owns 1,405,553 shares of the company’s stock valued at $36,095,000 after acquiring an additional 264,647 shares in the last quarter. Cooke & Bieler LP raised its stake in Perrigo by 0.9% during the 2nd quarter. Cooke & Bieler LP now owns 3,501,401 shares of the company’s stock valued at $89,916,000 after acquiring an additional 30,150 shares in the last quarter. Nicola Wealth Management LTD. raised its stake in Perrigo by 11.1% during the 2nd quarter. Nicola Wealth Management LTD. now owns 100,000 shares of the company’s stock valued at $2,568,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in Perrigo during the 2nd quarter valued at $848,000. Institutional investors own 95.91% of the company’s stock.

Insider Activity

In related news, EVP Svend Andersen sold 28,300 shares of Perrigo stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $27.75, for a total value of $785,325.00. Following the transaction, the executive vice president now directly owns 73,553 shares in the company, valued at approximately $2,041,095.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Svend Andersen sold 28,300 shares of Perrigo stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $27.75, for a total value of $785,325.00. Following the transaction, the executive vice president now directly owns 73,553 shares in the company, valued at approximately $2,041,095.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Katherine C. Doyle sold 8,954 shares of Perrigo stock in a transaction on Friday, September 13th. The stock was sold at an average price of $27.30, for a total value of $244,444.20. Following the completion of the transaction, the director now owns 6,009 shares in the company, valued at $164,045.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,254 shares of company stock worth $1,411,969. 0.70% of the stock is owned by company insiders.

Perrigo Stock Up 2.2 %

Shares of PRGO stock opened at $27.75 on Monday. Perrigo Company plc has a 1 year low of $24.82 and a 1 year high of $34.60. The stock has a market cap of $3.78 billion, a PE ratio of -396.43 and a beta of 0.49. The business’s fifty day moving average is $27.83 and its 200-day moving average is $28.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.24 and a current ratio of 1.99.

Perrigo (NYSE:PRGO) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. Perrigo had a positive return on equity of 6.79% and a negative net margin of 2.81%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. Equities analysts expect that Perrigo Company plc will post 2.57 earnings per share for the current fiscal year.

Perrigo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Friday, August 30th will be given a dividend of $0.276 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, August 30th. Perrigo’s dividend payout ratio (DPR) is presently -1,571.43%.

Analyst Ratings Changes

PRGO has been the topic of several recent analyst reports. Piper Sandler cut their target price on Perrigo from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Thursday, July 11th. StockNews.com raised Perrigo from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Perrigo Profile

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.