COT has been the subject of several other research reports. BMO Capital Markets reaffirmed a buy rating and issued a $17.00 price objective on shares of Cott Corporation in a research note on Thursday, July 27th. ValuEngine raised shares of Cott Corporation from a sell rating to a hold rating in a research note on Tuesday, June 27th. Jefferies Group LLC reaffirmed a hold rating and issued a $14.00 price objective (up previously from $13.50) on shares of Cott Corporation in a research note on Monday, June 12th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $12.00 price objective on shares of Cott Corporation in a research note on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cott Corporation currently has an average rating of Hold and an average price target of $16.75.
Shares of Cott Corporation (NYSE:COT) traded up 0.39% during mid-day trading on Friday, reaching $15.29. The company had a trading volume of 1,043,461 shares. Cott Corporation has a 52-week low of $10.10 and a 52-week high of $16.18. The company’s 50-day moving average is $15.40 and its 200 day moving average is $13.75. The stock’s market capitalization is $2.13 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10). The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. Analysts anticipate that Cott Corporation will post ($0.01) EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 23rd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Monday, August 21st. Cott Corporation’s payout ratio is presently -23.30%.
In related news, Director Gregory R. Monahan sold 8,500 shares of Cott Corporation stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total value of $130,050.00. Following the transaction, the director now owns 115,666 shares in the company, valued at approximately $1,769,689.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jason R. Ausher sold 5,800 shares of Cott Corporation stock in a transaction on Friday, September 8th. The stock was sold at an average price of $15.35, for a total transaction of $89,030.00. Following the completion of the transaction, the chief accounting officer now owns 20,770 shares in the company, valued at approximately $318,819.50. The disclosure for this sale can be found here. Company insiders own 2.06% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in COT. FMR LLC raised its holdings in Cott Corporation by 36.2% in the 1st quarter. FMR LLC now owns 9,745,914 shares of the company’s stock worth $120,628,000 after acquiring an additional 2,591,155 shares during the period. Alliancebernstein L.P. raised its holdings in Cott Corporation by 157.3% in the 2nd quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock worth $58,889,000 after acquiring an additional 2,493,378 shares during the period. Clearfield Capital Management LP bought a new position in Cott Corporation in the 1st quarter worth $19,174,000. Cramer Rosenthal Mcglynn LLC bought a new position in Cott Corporation in the 2nd quarter worth $21,543,000. Finally, Thrivent Financial For Lutherans bought a new position in Cott Corporation in the 1st quarter worth $13,358,000.
About Cott Corporation
Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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