Meitav Dash Investments Ltd. Takes Position in Perrigo Company plc (PRGO)

Meitav Dash Investments Ltd. acquired a new position in shares of Perrigo Company plc (NYSE:PRGO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 274,224 shares of the company’s stock, valued at approximately $23,901,000. Perrigo comprises about 1.4% of Meitav Dash Investments Ltd.’s holdings, making the stock its 23rd biggest holding.

A number of other hedge funds have also recently modified their holdings of the stock. Dupont Capital Management Corp bought a new stake in shares of Perrigo in the 4th quarter valued at about $104,000. ARP Americas LP bought a new stake in shares of Perrigo in the 4th quarter valued at about $212,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Perrigo in the 4th quarter valued at about $213,000. V Wealth Management LLC bought a new stake in shares of Perrigo in the 4th quarter valued at about $214,000. Finally, Investors Research Corp bought a new stake in shares of Perrigo in the 4th quarter valued at about $214,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

How to Become a New Pot Stock Millionaire

In related news, VP Todd W. Kingma sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $88.52, for a total transaction of $132,780.00. Following the transaction, the vice president now directly owns 19,565 shares of the company’s stock, valued at approximately $1,731,893.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Uwe Roehrhoff purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average cost of $81.85 per share, for a total transaction of $613,875.00. Following the completion of the purchase, the chief executive officer now owns 4,900 shares in the company, valued at approximately $401,065. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by corporate insiders.

Perrigo Company plc (NYSE:PRGO) opened at $82.05 on Tuesday. The stock has a market capitalization of $11,862.42, a PE ratio of 97.86, a PEG ratio of 1.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.96 and a quick ratio of 1.40. Perrigo Company plc has a 52 week low of $63.68 and a 52 week high of $95.93.

Perrigo (NYSE:PRGO) last announced its quarterly earnings data on Thursday, March 1st. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. Perrigo had a return on equity of 11.54% and a net margin of 2.42%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. sell-side analysts predict that Perrigo Company plc will post 5.24 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from Perrigo’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, March 1st. Perrigo’s payout ratio is currently 90.48%.

A number of research firms have commented on PRGO. Cantor Fitzgerald set a $107.00 price target on Perrigo and gave the company a “buy” rating in a research report on Friday, January 12th. Canaccord Genuity reiterated a “buy” rating and issued a $100.00 price target on shares of Perrigo in a research report on Wednesday, January 17th. Berenberg Bank began coverage on Perrigo in a research report on Thursday, February 1st. They issued a “buy” rating and a $117.00 price target on the stock. Finally, Leerink Swann began coverage on Perrigo in a research report on Tuesday, January 2nd. They issued a “market perform” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Perrigo has a consensus rating of “Hold” and a consensus target price of $91.88.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2018/03/20/meitav-dash-investments-ltd-takes-position-in-perrigo-company-plc-prgo.html.

About Perrigo

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.

Want to see what other hedge funds are holding PRGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Perrigo Company plc (NYSE:PRGO).

Institutional Ownership by Quarter for Perrigo (NYSE:PRGO)

Receive News & Ratings for Perrigo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply