49,217 Shares in Perrigo Company plc (NYSE:PRGO) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Perrigo Company plc (NYSE:PRGO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,217 shares of the company's stock, valued at approximately $1,291,000.

Several other large investors have also recently added to or reduced their stakes in PRGO. MML Investors Services LLC raised its holdings in shares of Perrigo by 7.7% during the third quarter. MML Investors Services LLC now owns 39,174 shares of the company's stock worth $1,028,000 after purchasing an additional 2,811 shares during the period. XTX Topco Ltd grew its position in shares of Perrigo by 536.9% during the 3rd quarter. XTX Topco Ltd now owns 62,509 shares of the company's stock valued at $1,640,000 after buying an additional 52,695 shares during the last quarter. Wellington Management Group LLP raised its stake in Perrigo by 229.2% during the third quarter. Wellington Management Group LLP now owns 2,697,698 shares of the company's stock worth $70,761,000 after acquiring an additional 1,878,145 shares during the period. Stifel Financial Corp lifted its holdings in Perrigo by 11.0% in the third quarter. Stifel Financial Corp now owns 133,278 shares of the company's stock worth $3,496,000 after acquiring an additional 13,249 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in Perrigo by 10.3% in the third quarter. Systematic Financial Management LP now owns 1,252,653 shares of the company's stock valued at $32,857,000 after acquiring an additional 116,832 shares during the period. 95.91% of the stock is currently owned by institutional investors.

Insider Transactions at Perrigo

In related news, Director Jeffrey B. Kindler sold 17,598 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.27, for a total transaction of $497,495.46. Following the completion of the transaction, the director now owns 5,409 shares of the company's stock, valued at $152,912.43. This trade represents a 76.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company's stock.

Perrigo Stock Performance

PRGO stock traded up $0.29 on Thursday, reaching $25.73. The company's stock had a trading volume of 1,145,761 shares, compared to its average volume of 1,597,195. Perrigo Company plc has a 52 week low of $23.89 and a 52 week high of $34.60. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.56 and a quick ratio of 1.77. The company has a market capitalization of $3.51 billion, a P/E ratio of -21.99 and a beta of 0.52. The firm has a fifty day moving average of $26.66 and a two-hundred day moving average of $26.93.

Perrigo (NYSE:PRGO - Get Free Report) last released 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. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, analysts predict that Perrigo Company plc will post 2.56 EPS for the current fiscal year.

Perrigo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were given a dividend of $0.276 per share. The ex-dividend date was Friday, November 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.29%. Perrigo's dividend payout ratio (DPR) is -94.02%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PRGO. Jefferies Financial Group reiterated a "hold" rating and set a $30.00 price target (down from $50.00) on shares of Perrigo in a research report on Monday, September 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $42.00 target price on shares of Perrigo in a research report on Monday, September 30th. Finally, StockNews.com raised shares of Perrigo from a "hold" rating to a "buy" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.00.

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.