Perrigo Co. (NYSE:PRGO) CFO Judy L. Brown sold 2,096 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $96.76, for a total transaction of $202,808.96. Following the sale, the chief financial officer now directly owns 14,196 shares of the company’s stock, valued at approximately $1,373,604.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Perrigo Co. (NYSE:PRGO) traded up 0.53% during trading on Wednesday, reaching $97.28. 1,789,248 shares of the company’s stock were exchanged. The stock’s market cap is $13.94 billion. The company has a 50 day moving average of $91.58 and a 200 day moving average of $101.06. Perrigo Co. has a 12-month low of $82.50 and a 12-month high of $167.92.
Perrigo (NYSE:PRGO) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.98 by $0.05. The business earned $1.48 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Perrigo had a positive return on equity of 10.19% and a negative net margin of 2.39%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 earnings per share. Equities research analysts anticipate that Perrigo Co. will post $7.00 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Friday, August 26th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Wednesday, August 24th. Perrigo’s dividend payout ratio is currently -60.42%.
Several institutional investors have recently bought and sold shares of the company. Trust Co increased its position in shares of Perrigo by 0.6% in the first quarter. Trust Co now owns 2,610 shares of the company’s stock worth $334,000 after buying an additional 15 shares during the period. IFP Advisors Inc increased its position in shares of Perrigo by 1.5% in the first quarter. IFP Advisors Inc now owns 1,817 shares of the company’s stock worth $232,000 after buying an additional 27 shares during the period. Taylor Frigon Capital Management LLC increased its position in shares of Perrigo by 0.3% in the second quarter. Taylor Frigon Capital Management LLC now owns 9,077 shares of the company’s stock worth $823,000 after buying an additional 29 shares during the period. Cadence Capital Management LLC increased its position in shares of Perrigo by 1.2% in the second quarter. Cadence Capital Management LLC now owns 2,733 shares of the company’s stock worth $248,000 after buying an additional 33 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Perrigo by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 11,026 shares of the company’s stock worth $999,000 after buying an additional 44 shares during the period. 71.11% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and set a $101.00 target price on shares of Perrigo in a research note on Tuesday, June 28th. BTIG Research restated a “neutral” rating on shares of Perrigo in a research note on Friday, June 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $109.00 target price on shares of Perrigo in a research note on Friday, June 3rd. Argus reiterated a “hold” rating on shares of Perrigo in a research note on Tuesday. Finally, Barclays PLC decreased their price target on shares of Perrigo from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $113.37.
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