Insider Selling: Perrigo Company (PRGO) EVP Sells 213 Shares of Stock

Perrigo Company (NYSE:PRGO) EVP Thomas Farrington sold 213 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $87.26, for a total transaction of $18,586.38. Following the completion of the transaction, the executive vice president now owns 3,347 shares in the company, valued at $292,059.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Farrington also recently made the following trade(s):

  • On Wednesday, August 30th, Thomas Farrington sold 616 shares of Perrigo stock. The stock was sold at an average price of $76.90, for a total transaction of $47,370.40.

Perrigo Company (NYSE:PRGO) traded down $1.11 during trading on Monday, reaching $85.89. The company had a trading volume of 1,188,500 shares, compared to its average volume of 1,740,863. The stock has a market cap of $12,100.00, a PE ratio of 17.53, a PEG ratio of 1.83 and a beta of 0.59. Perrigo Company has a 1 year low of $63.68 and a 1 year high of $91.73. The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 0.54.

Perrigo (NYSE:PRGO) last posted its quarterly earnings data on Thursday, November 9th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.28. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Perrigo had a positive return on equity of 11.60% and a negative net margin of 26.28%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. equities research analysts predict that Perrigo Company will post 4.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, November 30th. Perrigo’s dividend payout ratio is currently -6.99%.

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PRGO has been the topic of a number of research reports. BidaskClub lowered shares of Perrigo from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Cantor Fitzgerald set a $107.00 target price on shares of Perrigo and gave the stock a “buy” rating in a research report on Friday, October 20th. Deutsche Bank AG raised their target price on shares of Perrigo from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Canaccord Genuity restated a “buy” rating and set a $100.00 target price (up from $88.00) on shares of Perrigo in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC set a $71.00 price target on Perrigo and gave the stock a “hold” rating in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $91.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Korea Investment CORP lifted its position in Perrigo by 142.0% during the 2nd quarter. Korea Investment CORP now owns 1,331 shares of the company’s stock worth $101,000 after acquiring an additional 781 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Perrigo by 13.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,455 shares of the company’s stock worth $108,000 after acquiring an additional 176 shares in the last quarter. Bessemer Group Inc. lifted its position in Perrigo by 1,046.2% during the 2nd quarter. Bessemer Group Inc. now owns 2,235 shares of the company’s stock worth $169,000 after acquiring an additional 2,040 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in Perrigo during the 3rd quarter worth approximately $217,000. Finally, Conning Inc. acquired a new position in Perrigo during the 3rd quarter worth approximately $219,000. 80.98% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Perrigo (NYSE:PRGO)

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