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Perrigo Company PLC EVP Purchases $499,896.00 in StockAug 16th, 2018 Perrigo Company PLC (NYSE:PRGO) EVP Svend Andersen bought 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average price of $69.43 per share, for a total transaction of $499,896.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Shares of NYSE:PRGO traded up $0.95 on Thursday, hitting $70.39. 137,656 shares of the company were exchanged, compared to its average volume of 1,187,801. Perrigo Company PLC has a one year low of $67.53 and a one year high of $95.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.81. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.74 and a beta of 0.84. Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Thursday, August 9th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.01. Perrigo had a net margin of 4.77% and a return on equity of 11.92%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm posted $1.22 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. equities analysts predict that Perrigo Company PLC will post 4.95 EPS for the current year. The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.76 annualized dividend and a dividend yield of 1.08%. Perrigo’s payout ratio is 15.42%. Several large investors have recently bought and sold shares of PRGO. Global X Management Co LLC boosted its position in shares of Perrigo by 41.4% during the 2nd quarter. Global X Management Co LLC now owns 15,580 shares of the company’s stock valued at $1,136,000 after acquiring an additional 4,560 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Perrigo by 6.4% during the 2nd quarter. California Public Employees Retirement System now owns 412,716 shares of the company’s stock valued at $30,091,000 after acquiring an additional 24,810 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Perrigo by 8.6% during the 2nd quarter. Putnam Investments LLC now owns 41,012 shares of the company’s stock valued at $2,990,000 after acquiring an additional 3,261 shares in the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in shares of Perrigo during the 2nd quarter valued at about $5,534,000. Finally, Platinum Investment Management Ltd. acquired a new stake in shares of Perrigo during the 2nd quarter valued at about $780,000. Institutional investors own 80.89% of the company’s stock. Several research analysts recently commented on the stock. Canaccord Genuity set a $105.00 target price on shares of Perrigo and gave the stock a “buy” rating in a report on Monday, April 23rd. Argus downgraded shares of Perrigo from a “buy” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine upgraded shares of Perrigo from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Cantor Fitzgerald set a $107.00 target price on shares of Perrigo and gave the stock a “buy” rating in a report on Thursday, August 9th. Finally, Goldman Sachs Group downgraded shares of Perrigo from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $78.00 to $74.00 in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. Perrigo currently has a consensus rating of “Hold” and an average target price of $89.94. 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. Featured Story: Asset Allocation and Your Retirement
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