Svend Andersen Buys 3,900 Shares of Perrigo Company PLC (PRGO) Stock

Perrigo Company PLC (NYSE:PRGO) EVP Svend Andersen purchased 3,900 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was acquired at an average price of $63.01 per share, for a total transaction of $245,739.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Svend Andersen also recently made the following trade(s):

  • On Tuesday, August 14th, Svend Andersen purchased 7,200 shares of Perrigo stock. The stock was acquired at an average price of $69.43 per share, for a total transaction of $499,896.00.

Shares of NYSE PRGO traded up $1.19 during midday trading on Friday, reaching $64.07. The stock had a trading volume of 172,927 shares, compared to its average volume of 1,289,519. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.81 and a quick ratio of 1.23. The stock has a market cap of $10.11 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 2.39 and a beta of 0.66. Perrigo Company PLC has a 12-month low of $62.86 and a 12-month high of $95.93.

Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Thursday, November 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.04. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Perrigo had a net margin of 4.77% and a return on equity of 11.92%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. On average, research analysts expect that Perrigo Company PLC will post 4.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th will be paid a $0.19 dividend. The ex-dividend date is Thursday, November 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.19%. Perrigo’s dividend payout ratio (DPR) is presently 15.42%.

PRGO has been the topic of several recent research reports. Canaccord Genuity set a $90.00 price target on shares of Perrigo and gave the stock a “buy” rating in a research report on Friday, August 17th. ValuEngine downgraded shares of Perrigo from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Deutsche Bank downgraded shares of Perrigo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $93.00 to $78.00 in a research report on Friday, August 10th. Cantor Fitzgerald reiterated a “buy” rating and issued a $107.00 price target on shares of Perrigo in a research report on Monday, October 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $73.00 price target on shares of Perrigo in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $87.80.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Perrigo in the second quarter worth $110,000. NuWave Investment Management LLC increased its stake in shares of Perrigo by 17,377.8% in the third quarter. NuWave Investment Management LLC now owns 1,573 shares of the company’s stock worth $111,000 after purchasing an additional 1,564 shares in the last quarter. Dupont Capital Management Corp increased its stake in shares of Perrigo by 63.8% in the second quarter. Dupont Capital Management Corp now owns 1,705 shares of the company’s stock worth $124,000 after purchasing an additional 664 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Perrigo in the first quarter worth $205,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Perrigo during the first quarter valued at $208,000. 83.00% of the stock is owned by hedge funds and other institutional investors.

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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.

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