Perrigo Company PLC (PRGO) VP Todd W. Kingma Purchases 3,200 Shares
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.
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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