Cott Corporation (NYSE:COT) (TSE:BCB) Director Gregory R. Monahan sold 8,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 115,666 shares in the company, valued at $1,769,689.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Cott Corporation (COT) opened at 15.29 on Friday. The stock has a 50 day moving average price of $15.40 and a 200-day moving average price of $13.75. Cott Corporation has a one year low of $10.10 and a one year high of $16.18. The company’s market capitalization is $2.13 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. During the same quarter in the prior year, the business posted $0.15 EPS. Cott Corporation’s revenue was up 32.5% compared to the same quarter last year. Equities research analysts predict that Cott Corporation will post ($0.01) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd were given a $0.06 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.57%. Cott Corporation’s dividend payout ratio is currently -23.30%.
Several hedge funds have recently made changes to their positions in the business. Lord Abbett & CO. LLC lifted its position in shares of Cott Corporation by 61.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock worth $22,331,000 after acquiring an additional 588,620 shares during the period. Verition Fund Management LLC bought a new stake in shares of Cott Corporation in the 2nd quarter worth approximately $200,000. Scotia Capital Inc. bought a new stake in shares of Cott Corporation in the 2nd quarter worth approximately $560,000. Bank of Nova Scotia lifted its position in shares of Cott Corporation by 132.5% in the 2nd quarter. Bank of Nova Scotia now owns 42,099 shares of the company’s stock worth $608,000 after acquiring an additional 23,990 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Cott Corporation in the 2nd quarter worth approximately $21,543,000.
COT has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of Cott Corporation in a report on Monday, July 10th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 price target on shares of Cott Corporation in a report on Thursday, July 27th. ValuEngine upgraded Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price target (up from $13.50) on shares of Cott Corporation in a report on Monday, June 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price target on shares of Cott Corporation in a report 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. The stock currently has an average rating of “Hold” and a consensus target price of $16.75.
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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