Universal Beteiligungs und Servicegesellschaft mbH Acquires 57,639 Shares of Medtronic PLC $MDT

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Medtronic PLC by 3.7%, purchasing an additional 57,639 shares to hold a total of 1,627,614 shares valued at $156.49 million. This acquisition, representing about 0.13% of the company, comes as Medtronic saw an executive, Harry Skip Kiil, sell a significant portion of his holdings. Analysts generally rate Medtronic as a “Moderate Buy” with a consensus target price of $109.25, following the company’s beat on quarterly EPS estimates and its announcement of an annualized dividend of $2.84, yielding 3.5%.

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