California State Teachers Retirement System Has $3.75 Million Stake in Perrigo Company plc (NYSE:PRGO)

California State Teachers Retirement System grew its position in Perrigo Company plc (NYSE:PRGO - Free Report) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,760 shares of the company's stock after acquiring an additional 14,893 shares during the quarter. California State Teachers Retirement System owned 0.11% of Perrigo worth $3,747,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Pacer Advisors Inc. grew its position in Perrigo by 2.1% during the 4th quarter. Pacer Advisors Inc. now owns 20,337 shares of the company's stock worth $523,000 after acquiring an additional 427 shares during the last quarter. Cedar Wealth Management LLC grew its position in Perrigo by 2.1% during the 4th quarter. Cedar Wealth Management LLC now owns 21,966 shares of the company's stock worth $565,000 after acquiring an additional 450 shares during the last quarter. Amalgamated Bank grew its position in Perrigo by 0.8% during the 4th quarter. Amalgamated Bank now owns 64,086 shares of the company's stock worth $1,648,000 after acquiring an additional 522 shares during the last quarter. Fox Run Management L.L.C. grew its position in Perrigo by 5.1% during the 4th quarter. Fox Run Management L.L.C. now owns 11,381 shares of the company's stock worth $293,000 after acquiring an additional 548 shares during the last quarter. Finally, Snowden Capital Advisors LLC boosted its position in Perrigo by 3.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 24,337 shares of the company's stock valued at $626,000 after buying an additional 842 shares during the last quarter. 95.91% of the stock is currently owned by institutional investors.

Perrigo Trading Up 0.8%

Perrigo stock traded up $0.21 during mid-day trading on Friday, hitting $26.18. 800,985 shares of the company's stock were exchanged, compared to its average volume of 1,489,913. The firm has a market capitalization of $3.60 billion, a P/E ratio of -22.38 and a beta of 0.45. Perrigo Company plc has a fifty-two week low of $23.14 and a fifty-two week high of $30.93. The company has a quick ratio of 1.77, a current ratio of 2.56 and a debt-to-equity ratio of 0.94. The company's 50 day simple moving average is $25.96 and its 200-day simple moving average is $26.18.

Perrigo (NYSE:PRGO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.09 billion. Perrigo had a positive return on equity of 7.38% and a negative net margin of 3.64%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. On average, equities analysts anticipate that Perrigo Company plc will post 2.56 earnings per share for the current year.

Perrigo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 4.43%. Perrigo's dividend payout ratio is currently -88.55%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Perrigo from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $33.00.

Insider Transactions at Perrigo

In other Perrigo news, EVP Ronald Craig Janish sold 7,800 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $27.44, for a total value of $214,032.00. Following the completion of the sale, the executive vice president now owns 33,666 shares in the company, valued at $923,795.04. This trade represents a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.

About Perrigo

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.