Perrigo Co. (PRGO) to Issue Quarterly Dividend of $0.15 on December 13th
Perrigo Co. (NYSE:PRGO) declared a quarterly dividend on Tuesday, November 8th. Shareholders of record on Friday, November 25th will be given 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. Perrigo has a 1-year low of $79.72 and a 1-year high of $156.03. The company’s market capitalization is $12.39 billion. The firm’s 50-day moving average is $88.76 and its 200-day moving average is $92.15.
Perrigo (NYSE:PRGO) last posted its quarterly earnings results on Thursday, November 10th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.58 by $0.07. The business earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Perrigo had a negative net margin of 26.62% and a positive return on equity of 10.78%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $1.76 earnings per share. Equities research analysts predict that Perrigo will post $7.04 EPS for the current year.
In other news, EVP Judy L. Brown sold 2,095 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $88.28, for a total value of $184,946.60. Following the sale, the executive vice president now owns 16,292 shares in the company, valued at approximately $1,438,257.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary K. Kunkle, Jr. sold 5,814 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $89.95, for a total transaction of $522,969.30. Following the completion of the sale, the director now owns 31,501 shares in the company, valued at approximately $2,833,514.95. The disclosure for this sale can be found here. 4.47% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Baird Financial Group Inc. increased its stake in shares of Perrigo by 177.1% in the second quarter. Baird Financial Group Inc. now owns 291,740 shares of the company’s stock valued at $27,309,000 after buying an additional 186,465 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Perrigo during the second quarter valued at approximately $181,000. Credit Suisse AG increased its stake in shares of Perrigo by 35.1% in the second quarter. Credit Suisse AG now owns 230,414 shares of the company’s stock valued at $20,892,000 after buying an additional 59,838 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Perrigo by 1.3% in the second quarter. Franklin Resources Inc. now owns 2,661,431 shares of the company’s stock valued at $241,311,000 after buying an additional 33,921 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of Perrigo by 14.8% in the second quarter. Public Sector Pension Investment Board now owns 27,154 shares of the company’s stock valued at $2,462,000 after buying an additional 3,500 shares in the last quarter. Institutional investors own 69.03% of the company’s stock.
Several analysts recently commented on the stock. B. Riley restated a “neutral” rating and set a $97.00 price target on shares of Perrigo in a report on Wednesday. JPMorgan Chase & Co. set a $95.00 price target on shares of Perrigo and gave the stock a “hold” rating in a report on Thursday, November 10th. Bank of America Corp. upgraded shares of Perrigo from an “underperform” rating to a “neutral” rating in a report on Friday, November 11th. RBC Capital Markets set a $92.00 price target on shares of Perrigo and gave the stock a “hold” rating in a report on Monday, October 24th. Finally, Argus reiterated a “hold” rating on shares of Perrigo in a research note on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $109.45.
Receive News & Stock Ratings for Perrigo Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perrigo Co. and related stocks with our FREE daily email newsletter.