Perrigo Company plc (NYSE:PRGO) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 7,881 call options on the stock. This represents an increase of 1,041{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} compared to the typical daily volume of 691 call options.

In other news, Director Geoffrey M. Parker acquired 2,500 shares of the stock in a transaction on Wednesday, March 17th. The shares were purchased at an average cost of $41.29 per share, for a total transaction of $103,225.00. Following the transaction, the director now owns 8,441 shares in the company, valued at approximately $348,528.89. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} of the company’s stock.

A number of large investors have recently modified their holdings of PRGO. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its position in Perrigo by 20.6{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} during the 1st quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 2,922,185 shares of the company’s stock worth $118,261,000 after acquiring an additional 500,118 shares during the last quarter. Sound Shore Management Inc CT lifted its position in Perrigo by 8.4{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} during the 1st quarter. Sound Shore Management Inc CT now owns 2,379,620 shares of the company’s stock worth $96,303,000 after acquiring an additional 183,411 shares during the last quarter. Sound Shore Management Inc. CT lifted its position in Perrigo by 0.3{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} during the 4th quarter. Sound Shore Management Inc. CT now owns 2,196,209 shares of the company’s stock worth $98,214,000 after acquiring an additional 6,399 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Perrigo by 16.6{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,532,507 shares of the company’s stock worth $62,297,000 after acquiring an additional 218,081 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Perrigo by 7.3{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,382,532 shares of the company’s stock worth $56,053,000 after acquiring an additional 93,485 shares during the last quarter. Hedge funds and other institutional investors own 82.73{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} of the company’s stock.

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NYSE:PRGO traded up $1.59 during trading hours on Wednesday, reaching $45.93. The company’s stock had a trading volume of 51,614 shares, compared to its average volume of 1,312,458. The company has a market cap of $6.13 billion, a price-to-earnings ratio of -752.04, a price-to-earnings-growth ratio of 10.70 and a beta of 1.18. Perrigo has a one year low of $38.20 and a one year high of $58.83. The business’s 50-day moving average is $41.60 and its 200-day moving average is $43.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 1.72.

Perrigo (NYSE:PRGO) last issued its quarterly earnings data on Monday, May 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.07). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. Perrigo had a positive return on equity of 9.78{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} and a negative net margin of 0.13{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}. The company’s revenue for the quarter was down 6.8{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 earnings per share. On average, sell-side analysts predict that Perrigo will post 4.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 22nd. Investors of record on Friday, June 4th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.09{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}. The ex-dividend date is Thursday, June 3rd. Perrigo’s dividend payout ratio is presently 23.82{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}.

PRGO has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on shares of Perrigo in a research report on Wednesday, April 7th. They set a “sector perform” rating and a $51.00 price objective on the stock. Morgan Stanley lowered their price target on shares of Perrigo from $53.00 to $45.00 and set an “equal weight” rating on the stock in a report on Thursday, March 11th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Perrigo Company Profile

Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through Consumer Self-Care Americas, Consumer Self-Care International, and Prescription Pharmaceuticals segments.

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