Perrigo Company plc (NYSE:PRGO) was the recipient of unusually large options trading activity on Tuesday. Investors bought 1,733 call options on the stock. This represents an increase of approximately 780% compared to the average volume of 197 call options.
In other news, VP Todd W. Kingma sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $88.52, for a total transaction of $132,780.00. Following the transaction, the vice president now owns 19,565 shares in the company, valued at approximately $1,731,893.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John Wesolowski sold 450 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $83.09, for a total transaction of $37,390.50. The disclosure for this sale can be found here. Insiders sold a total of 3,450 shares of company stock worth $302,951 in the last quarter. Insiders own 6.90% of the company’s stock.
Several institutional investors have recently modified their holdings of PRGO. Clal Insurance Enterprises Holdings Ltd boosted its position in Perrigo by 356.7% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,436,621 shares of the company’s stock valued at $125,216,000 after buying an additional 1,122,068 shares in the last quarter. Victory Capital Management Inc. boosted its position in Perrigo by 3,286.6% in the third quarter. Victory Capital Management Inc. now owns 1,074,770 shares of the company’s stock valued at $90,979,000 after buying an additional 1,043,034 shares in the last quarter. Systematic Financial Management LP acquired a new position in Perrigo in the fourth quarter valued at about $36,866,000. Greenlight Capital Inc. boosted its position in Perrigo by 14.8% in the third quarter. Greenlight Capital Inc. now owns 2,901,032 shares of the company’s stock valued at $245,572,000 after buying an additional 374,032 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Perrigo by 289.2% in the fourth quarter. Renaissance Technologies LLC now owns 448,408 shares of the company’s stock valued at $39,083,000 after buying an additional 333,200 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.
Shares of Perrigo (NYSE:PRGO) opened at $81.46 on Thursday. The company has a current ratio of 1.72, a quick ratio of 1.24 and a debt-to-equity ratio of 0.54. Perrigo has a 12-month low of $63.68 and a 12-month high of $95.93. The firm has a market cap of $12,436.23, a PE ratio of -8.89, a PEG ratio of 1.88 and a beta of 0.76.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.19 per share. This is a positive change from Perrigo’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, March 1st. Perrigo’s payout ratio is -6.99%.
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.
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