John Wesolowski Acquires 700 Shares of Perrigo Company (PRGO) Stock

Perrigo Company (NYSE:PRGO) EVP John Wesolowski purchased 700 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $85.80 per share, for a total transaction of $60,060.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

John Wesolowski also recently made the following trade(s):

  • On Thursday, December 7th, John Wesolowski sold 450 shares of Perrigo stock. The shares were sold at an average price of $83.09, for a total value of $37,390.50.
  • On Wednesday, November 29th, John Wesolowski sold 388 shares of Perrigo stock. The shares were sold at an average price of $87.20, for a total value of $33,833.60.

Shares of Perrigo Company (NYSE:PRGO) opened at $90.08 on Thursday. The company has a market capitalization of $12,790.00, a price-to-earnings ratio of -9.83, a P/E/G ratio of 1.92 and a beta of 0.64. Perrigo Company has a 12 month low of $63.68 and a 12 month high of $92.04. 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 issued its quarterly earnings data on Thursday, November 9th. The company reported $1.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.28. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate 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 revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 EPS. analysts expect that Perrigo Company will post 4.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Friday, December 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 30th. Perrigo’s payout ratio is presently -6.99%.

A number of institutional investors have recently modified their holdings of PRGO. Russell Investments Group Ltd. raised its stake in shares of Perrigo by 5.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,686 shares of the company’s stock valued at $1,034,000 after purchasing an additional 736 shares during the period. Bessemer Group Inc. raised its stake in shares of Perrigo by 1,046.2% in the 2nd quarter. Bessemer Group Inc. now owns 2,235 shares of the company’s stock valued at $169,000 after purchasing an additional 2,040 shares during the period. Global X Management Co. LLC raised its stake in shares of Perrigo by 37.9% in the 2nd quarter. Global X Management Co. LLC now owns 3,269 shares of the company’s stock valued at $247,000 after purchasing an additional 899 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Perrigo by 4.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 429,676 shares of the company’s stock valued at $32,450,000 after purchasing an additional 18,095 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Perrigo by 32.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,530 shares of the company’s stock valued at $4,118,000 after purchasing an additional 13,382 shares during the period. 83.29% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on PRGO. Cantor Fitzgerald set a $107.00 price objective on Perrigo and gave the company a “buy” rating in a research report on Friday, January 5th. Leerink Swann began coverage on Perrigo in a research report on Tuesday, January 2nd. They issued a “market perform” rating and a $90.00 price objective on the stock. Deutsche Bank increased their price objective on Perrigo from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Royal Bank of Canada reiterated a “sell” rating and issued a $64.00 price objective on shares of Perrigo in a research report on Wednesday, September 13th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $100.00 price objective (up from $88.00) on shares of Perrigo in a research report on Wednesday, September 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $92.00.

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About Perrigo

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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