Fed’s Powell opens door to potential rate cuts at Jackson Hole
Director Geoffrey M. Parker of PERRIGO Co plc (NYSE:PRGO) indirectly acquired 4,375 ordinary shares through a Roth IRA at a price of $22.9708 on August 18, 2025. The total value of the purchase was $100,497. The purchase comes as InvestingPro analysis indicates PERRIGO is currently undervalued, with analyst price targets ranging from $27 to $40.
Following the transaction, Parker directly owns 28,912 shares and indirectly owns 9,875 shares through an IRA and 25,879 shares through a revocable trust. The insider purchase aligns with positive company fundamentals, as InvestingPro data shows net income is expected to grow this year, with the company maintaining strong shareholder returns. For deeper insights into PERRIGO’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Perrigo Company plc reported its second-quarter results, which slightly missed analyst expectations. Despite this, the company reaffirmed its full-year guidance, indicating confidence in its financial outlook amid challenging market conditions. This announcement was notable as it came alongside a 3.31% rise in pre-market trading for Perrigo shares. The company’s decision to maintain its full-year outlook suggests a strategic focus on stability and resilience. While the earnings report did not meet the projections set by analysts, the reaffirmation of guidance indicates a commitment to achieving its financial targets. These developments are part of the broader context of Perrigo’s efforts to navigate the current market landscape. Investors will likely keep an eye on how the company manages these challenges moving forward.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.