Perrigo Co. (NYSE:PRGO) declared a quarterly dividend on Tuesday, November 8th. Investors of record on Friday, November 25th will be paid a dividend of 0.145 per share on Tuesday, December 13th. This represents a $0.58 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, November 22nd.

Perrigo (NYSE:PRGO) opened at 86.39 on Thursday. The company’s market cap is $12.39 billion. The company’s 50-day moving average is $88.76 and its 200-day moving average is $92.15. Perrigo has a 12 month low of $79.72 and a 12 month high of $156.03.

Perrigo (NYSE:PRGO) last posted its earnings results on Thursday, November 10th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.07. Perrigo had a positive return on equity of 10.78% and a negative net margin of 26.62%. The business earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business earned $1.76 EPS. Perrigo’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts anticipate that Perrigo will post $7.04 earnings per share for the current year.

Dividend History for Perrigo (NYSE:PRGO)

In related news, EVP Judy L. Brown sold 2,092 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $90.42, for a total value of $189,158.64. Following the transaction, the executive vice president now owns 12,104 shares in the company, valued at $1,094,443.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judy L. Brown sold 2,095 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $88.28, for a total value of $184,946.60. Following the completion of the transaction, the executive vice president now owns 16,292 shares in the company, valued at approximately $1,438,257.76. The disclosure for this sale can be found here. 4.47% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. bought a new position in shares of Perrigo during the second quarter worth approximately $139,000. Johnson Financial Group Inc. boosted its position in shares of Perrigo by 858.5% in the second quarter. Johnson Financial Group Inc. now owns 1,524 shares of the company’s stock worth $139,000 after buying an additional 1,365 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Perrigo during the second quarter worth approximately $181,000. RiverPoint Capital Management LLC bought a new position in shares of Perrigo during the second quarter worth approximately $218,000. Finally, Bank of Nova Scotia boosted its position in shares of Perrigo by 6.5% in the second quarter. Bank of Nova Scotia now owns 2,929 shares of the company’s stock worth $266,000 after buying an additional 180 shares during the last quarter. Institutional investors own 69.03% of the company’s stock.

Several brokerages have recently weighed in on PRGO. Leerink Swann set a $81.00 price target on shares of Perrigo and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Vetr cut shares of Perrigo from a “buy” rating to a “hold” rating and set a $98.60 price target for the company. in a research note on Tuesday, August 9th. RBC Capital Markets set a $92.00 price target on shares of Perrigo and gave the stock a “hold” rating in a research note on Monday, October 24th. Deutsche Bank AG reaffirmed a “buy” rating and set a $105.00 price target on shares of Perrigo in a research note on Tuesday, September 13th. Finally, Zacks Investment Research raised shares of Perrigo from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $109.45.

5 Day Chart for NYSE:PRGO

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