Perrigo Company PLC (NYSE:PRGO) VP Todd W. Kingma purchased 3,200 shares of Perrigo stock in a transaction on Friday, November 9th. The shares were acquired at an average price of $63.99 per share, for a total transaction of $204,768.00. Following the completion of the transaction, the vice president now directly owns 23,587 shares of the company’s stock, valued at $1,509,332.13. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Perrigo stock traded up $1.19 on Friday, hitting $64.07. The stock had a trading volume of 2,559,887 shares, compared to its average volume of 1,266,106. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.81. Perrigo Company PLC has a one year low of $62.74 and a one year high of $95.93. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 2.43 and a beta of 0.66.

Perrigo (NYSE:PRGO) last issued its earnings results on Thursday, November 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.04. Perrigo had a net margin of 4.77% and a return on equity of 11.92%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $1.39 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Perrigo Company PLC will post 4.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 29th. Perrigo’s dividend payout ratio is 15.42%.

Several institutional investors have recently modified their holdings of PRGO. Piedmont Investment Advisors LLC bought a new position in shares of Perrigo in the second quarter worth approximately $110,000. NuWave Investment Management LLC lifted its stake in Perrigo by 17,377.8% in the third quarter. NuWave Investment Management LLC now owns 1,573 shares of the company’s stock worth $111,000 after acquiring an additional 1,564 shares during the period. Dupont Capital Management Corp lifted its stake in Perrigo by 63.8% in the second quarter. Dupont Capital Management Corp now owns 1,705 shares of the company’s stock worth $124,000 after acquiring an additional 664 shares during the period. Allianz Asset Management GmbH purchased a new stake in Perrigo in the first quarter worth $205,000. Finally, Exane Asset Management purchased a new stake in Perrigo in the second quarter worth $205,000. Hedge funds and other institutional investors own 83.00% of the company’s stock.

A number of research analysts have commented on PRGO shares. Cantor Fitzgerald reiterated a “buy” rating and set a $107.00 price target on shares of Perrigo in a research report on Wednesday, July 18th. Royal Bank of Canada set a $63.00 price target on shares of Perrigo and gave the company a “hold” rating in a research report on Friday. ValuEngine cut shares of Perrigo from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Deutsche Bank cut shares of Perrigo from a “buy” rating to a “hold” rating and reduced their price target for the company from $93.00 to $78.00 in a research report on Friday, August 10th. Finally, Canaccord Genuity set a $90.00 price target on shares of Perrigo and gave the company a “buy” rating in a research report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $87.80.

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Perrigo Company Profile

Perrigo Company plc, a healthcare company, manufactures and supplies over-the-counter (OTC) healthcare products, infant formulas, branded OTC products, and generic pharmaceutical products worldwide. The company operates through Consumer Healthcare Americas, Consumer Healthcare International, and Prescription Pharmaceuticals segments.

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