Insider Selling: Todd W. Kingma Sells 2,250 Shares of Perrigo Company PLC Stock (PRGO)
Perrigo Company PLC (NASDAQ:PRGO) VP Todd W. Kingma sold 2,250 shares of Perrigo Company PLC stock on the open market in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $149.65, for a total value of $336,712.50. Following the transaction, the vice president now directly owns 9,364 shares in the company, valued at approximately $1,401,323. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Perrigo Company PLC in a research note on Monday, August 18th. They now have a $156.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Perrigo Company PLC from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. They now have a $180.00 price target on the stock, up previously from $157.00. Finally, analysts at Jefferies Group raised their price target on shares of Perrigo Company PLC from $160.00 to $176.00 in a research note on Friday, August 15th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $166.92.
Perrigo Company PLC (NASDAQ:PRGO) traded up 0.66% on Wednesday, hitting $149.94. The stock had a trading volume of 939,184 shares. Perrigo Company PLC has a 52 week low of $122.03 and a 52 week high of $168.39. The stock has a 50-day moving average of $149. and a 200-day moving average of $148.. The company has a market cap of $20.065 billion and a P/E ratio of 84.15.
Perrigo Company PLC (NASDAQ:PRGO) last announced its earnings results on Thursday, August 14th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.19. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts predict that Perrigo Company PLC will post $7.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, August 27th.
Perrigo Company plc is a global healthcare supplier that develops, manufactures and distributes over-the-counter (NASDAQ:PRGO) 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.
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