Perrigo Company (PRGO) VP Todd W. Kingma Sells 1,500 Shares
Perrigo Company (NYSE:PRGO) VP Todd W. Kingma sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $88.52, for a total transaction of $132,780.00. Following the sale, the vice president now directly owns 19,565 shares of the company’s stock, valued at approximately $1,731,893.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Perrigo Company (PRGO) opened at $87.16 on Tuesday. Perrigo Company has a one year low of $63.68 and a one year high of $91.73. The stock has a market capitalization of $12,280.00, a price-to-earnings ratio of -9.52, a P/E/G ratio of 1.86 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.24 and a current ratio of 1.72.
Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.28. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. analysts predict that Perrigo Company will post 4.88 EPS for the current fiscal year.
A number of research firms have recently weighed in on PRGO. Canaccord Genuity set a $100.00 price target on shares of Perrigo and gave the stock a “buy” rating in a research report on Monday. Cantor Fitzgerald set a $107.00 price target on shares of Perrigo and gave the stock a “buy” rating in a research report on Thursday, December 28th. Argus raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Friday, December 8th. Barclays raised their price target on shares of Perrigo to $93.00 and gave the stock an “overweight” rating in a research report on Monday, December 4th. Finally, Jefferies Group reissued a “hold” rating and set a $81.00 price target on shares of Perrigo in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $92.13.
Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp lifted its stake in Perrigo by 1.7% during the second quarter. State Street Corp now owns 6,757,086 shares of the company’s stock worth $510,294,000 after purchasing an additional 112,287 shares during the last quarter. Sei Investments Co. lifted its stake in Perrigo by 7.5% during the third quarter. Sei Investments Co. now owns 131,284 shares of the company’s stock worth $11,114,000 after purchasing an additional 9,192 shares during the last quarter. Cetera Advisors LLC bought a new position in Perrigo during the third quarter worth $398,000. Andra AP fonden lifted its stake in Perrigo by 9.9% in the third quarter. Andra AP fonden now owns 16,700 shares of the company’s stock valued at $1,414,000 after buying an additional 1,500 shares during the last quarter. Finally, Howard Hughes Medical Institute bought a new stake in Perrigo in the second quarter valued at $778,000. Hedge funds and other institutional investors own 83.29% of the company’s stock.
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Perrigo Company Profile
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, animal health, dietary supplements, active pharmaceutical ingredients (API), and medical diagnostic products, and Multiple Sclerosis drug Tysabri.
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