Perrigo Company (NYSE:PRGO) EVP Thomas Farrington sold 616 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $76.90, for a total transaction of $47,370.40. Following the completion of the sale, the executive vice president now directly owns 2,724 shares of the company’s stock, valued at $209,475.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, August 18th, Thomas Farrington sold 865 shares of Perrigo stock. The stock was sold at an average price of $78.40, for a total transaction of $67,816.00.

Perrigo Company (NYSE PRGO) traded down 0.06% during trading on Friday, reaching $78.91. 769,116 shares of the company traded hands. The company’s 50-day moving average is $74.98 and its 200 day moving average is $73.22. The company’s market cap is $11.25 billion. Perrigo Company has a 12 month low of $63.68 and a 12 month high of $99.14.

Perrigo (NYSE:PRGO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.28. Perrigo had a positive return on equity of 11.55% and a negative net margin of 51.04%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $1.93 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts anticipate that Perrigo Company will post $4.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 23rd. Perrigo’s dividend payout ratio is -3.51%.

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Large investors have recently made changes to their positions in the stock. State Treasurer State of Michigan increased its stake in shares of Perrigo by 0.4% in the first quarter. State Treasurer State of Michigan now owns 47,122 shares of the company’s stock valued at $3,128,000 after buying an additional 200 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Perrigo by 94.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 30,802 shares of the company’s stock valued at $2,045,000 after buying an additional 14,953 shares in the last quarter. Geneva Advisors LLC acquired a new stake in shares of Perrigo during the first quarter valued at about $285,000. Kornitzer Capital Management Inc. KS increased its stake in shares of Perrigo by 16.3% in the first quarter. Kornitzer Capital Management Inc. KS now owns 28,265 shares of the company’s stock valued at $1,877,000 after buying an additional 3,970 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Perrigo by 3.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,411 shares of the company’s stock valued at $2,683,000 after buying an additional 1,502 shares in the last quarter. 80.35% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on PRGO. Goldman Sachs Group, Inc. (The) upgraded shares of Perrigo from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $66.00 to $79.00 in a research note on Friday, August 11th. Cantor Fitzgerald restated a “buy” rating on shares of Perrigo in a research note on Monday, August 21st. Jefferies Group LLC restated a “hold” rating and issued a $71.00 price objective (up from $69.00) on shares of Perrigo in a research note on Friday, August 11th. Stifel Nicolaus restated a “hold” rating on shares of Perrigo in a research note on Friday, August 11th. Finally, BidaskClub cut shares of Perrigo from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.83.

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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