Dividend Coverage: Perrigo Company (NYSE:PRGO) expects Dec 13, 2016 to be an important day for investors.

Dividend Coverage: Perrigo Company (NYSE:PRGO) expects Dec 13, 2016 to be an important day for investors.

Perrigo Company (NYSE:PRGO) is expected to pay $0.15 on Dec 13, 2016. The indicated annual dividend is $0.58. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Perrigo Company’s current price of $88.14, the dividend is 0.16%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 8, 2016. The stock decreased 0.28% or $0.25 during the last trading session, hitting $88.14. About 100 shares traded hands. Perrigo Company plc Ordinary Shares (NYSE:PRGO) has declined 32.52% since April 19, 2016 and is downtrending. It has underperformed by 36.38% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.76 in Q2 2016. Its down 0.05, from 0.81 in 2016Q1. The ratio fall, as 103 funds sold all Perrigo Company plc Ordinary Shares shares owned while 175 reduced positions. 80 funds bought stakes while 146 increased positions. They now own 96.70 million shares or 9.76% less from 107.16 million shares in 2016Q1.
Putnam Invests Lc holds 0.05% or 222,600 shares in its portfolio. Fjarde Ap accumulated 0.07% or 33,054 shares. Robecosam Ag last reported 0.3% of its portfolio in the stock. Moreover, Cortland Assocs Inc Mo has 3.06% invested in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 153,996 shares. Keybank Association Oh reported 10,488 shares or 0.01% of all its holdings. Creative Planning, a Kansas-based fund reported 3,023 shares. Honeywell Interest accumulated 164,000 shares or 0.38% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys accumulated 11,468 shares or 0.02% of the stock. Trilogy Global Lp has 0.69% invested in the company for 248,095 shares. Kbc Group Nv holds 10,755 shares or 0.01% of its portfolio. Barbara Oil holds 0.22% of its portfolio in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 3,000 shares. Moreover, State Board Of Administration Of Florida Retirement has 0.06% invested in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 215,767 shares. Ruane Cunniff & Goldfarb accumulated 1.14% or 1.32M shares. Moreover, M&T Comml Bank has 0.01% invested in Perrigo Company plc Ordinary Shares (NYSE:PRGO) for 8,773 shares. Gotham Asset Mngmt Ltd Co has 0.02% invested in the company for 19,855 shares.

Perrigo Company plc Ordinary Shares (NYSE:PRGO) Ratings Coverage

Out of 15 analysts covering Perrigo Company Plc (NYSE:PRGO), 4 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 27% are positive. Perrigo Company Plc has been the topic of 35 analyst reports since October 23, 2015 according to StockzIntelligence Inc. Jefferies downgraded the shares of PRGO in a report on Tuesday, April 26 to “Hold” rating. The rating was maintained by B. Riley & Co with “Buy” on Tuesday, November 24. The rating was downgraded by BTIG Research on Monday, April 25 to “Neutral”. JP Morgan reinitiated the shares of PRGO in a report on Wednesday, November 18 with “Neutral” rating. The stock has “Equal-Weight” rating given by Morgan Stanley on Thursday, December 3. The stock of Perrigo Company plc Ordinary Shares (NYSE:PRGO) has “Buy” rating given on Thursday, December 10 by Argus Research. The stock of Perrigo Company plc Ordinary Shares (NYSE:PRGO) has “Equal-Weight” rating given on Tuesday, April 26 by Morgan Stanley. The rating was maintained by B. Riley & Co on Friday, November 11 with “Neutral”. The firm earned “Neutral” rating on Friday, November 11 by Bank of America. The firm has “Buy” rating given on Thursday, August 11 by Deutsche Bank.

More recent Perrigo Company plc Ordinary Shares (NYSE:PRGO) news were published by: Fool.com which released: “Why Perrigo Company PLC Ordinary Shares Are Dropping Today” on April 25, 2016. Also Fool.com published the news titled: “Why Perrigo Company PLC Ordinary Shares Are Plummeting Today” on February 18, 2016. Investorplace.com‘s news article titled: “3 Stocks to Watch Monday: Tesla Motors Inc (TSLA), Perrigo Company plc …” with publication date: September 12, 2016 was also an interesting one.

PRGO Company Profile

Perrigo Company plc (Perrigo), formerly Perrigo Company Limited, incorporated on June 28, 2013, is an over-the-counter (OTC) consumer goods and specialty pharmaceutical company. The Company’s divisions include Consumer Healthcare (CHC), Branded Consumer Healthcare (BCH), Prescription Pharmaceuticals (Rx), Specialty Sciences and Other. The Firm makes OTC healthcare products and supplies infant formulas for the store brand market. It is also a well-known provider of generic extended topical prescription products. It provides healthcare products across a range of product categories and geographies, primarily in North America, Europe and Australia, as well as in other markets, including Israel and China.

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