Insider Buying: Perrigo Company (NYSE:PRGO) EVP Purchases 700 Shares of Stock

Perrigo Company (NYSE:PRGO) EVP John Wesolowski bought 700 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average price of $85.80 per share, with a total value of $60,060.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 (PRGO) traded down $0.19 during midday trading on Friday, hitting $91.80. The stock had a trading volume of 559,679 shares, compared to its average volume of 1,007,144. The company has a quick ratio of 1.24, a current ratio of 1.72 and a debt-to-equity ratio of 0.54. Perrigo Company has a 1-year low of $63.68 and a 1-year high of $92.75. The firm has a market cap of $12,960.00, a price-to-earnings ratio of -10.02, a PEG ratio of 1.92 and a beta of 0.64.

Perrigo (NYSE:PRGO) last issued its earnings results on Thursday, November 9th. The company reported $1.39 earnings per share for the quarter, topping the 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $1.65 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. sell-side analysts forecast that Perrigo Company will post 4.88 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, November 30th. Perrigo’s dividend payout ratio (DPR) is presently -6.99%.

A number of equities analysts recently commented on the company. Cantor Fitzgerald set a $107.00 target price on Perrigo and gave the company a “buy” rating in a report on Friday. BidaskClub upgraded Perrigo from a “sell” rating to a “hold” rating in a research note on Saturday, September 16th. Leerink Swann started coverage on Perrigo in a research note on Tuesday, January 2nd. They issued a “market perform” rating and a $90.00 price objective for the company. Morgan Stanley lifted their price objective on Perrigo from $79.00 to $92.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Finally, Jefferies Group reiterated a “hold” rating and issued a $81.00 price objective on shares of Perrigo in a research note on Friday, November 10th. One equities 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 price target of $92.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Bank of Australia raised its position in shares of 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. increased its position in Perrigo by 1,046.2% during the second quarter. Bessemer Group Inc. now owns 2,235 shares of the company’s stock worth $169,000 after buying an additional 2,040 shares during the period. Allianz Asset Management GmbH acquired a new position in Perrigo during the third quarter worth approximately $217,000. Conning Inc. acquired a new position in Perrigo during the third quarter worth approximately $219,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Perrigo during the third quarter worth approximately $222,000. 83.29% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Insider Buying: Perrigo Company (NYSE:PRGO) EVP Purchases 700 Shares of Stock” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://ledgergazette.com/2018/01/13/john-wesolowski-buys-700-shares-of-perrigo-company-prgo-stock.html.

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)

Receive News & Ratings for Perrigo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply