Legal & General Group Plc raised its holdings in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 104.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,534 shares of the company’s stock after acquiring an additional 27,833 shares during the quarter. Legal & General Group Plc’s holdings in Cott were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of COT. Alliancebernstein L.P. increased its holdings in Cott by 157.3% during the 2nd quarter. Alliancebernstein L.P. now owns 4,078,156 shares of the company’s stock valued at $58,889,000 after acquiring an additional 2,493,378 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in Cott during the 2nd quarter valued at about $21,543,000. Balyasny Asset Management LLC purchased a new position in Cott during the 2nd quarter valued at about $11,876,000. Overbrook Management Corp increased its holdings in Cott by 49.1% during the 2nd quarter. Overbrook Management Corp now owns 1,817,223 shares of the company’s stock valued at $26,241,000 after acquiring an additional 598,209 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Cott by 61.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,546,464 shares of the company’s stock valued at $22,331,000 after acquiring an additional 588,620 shares in the last quarter.
In other news, Director Gregory R. Monahan sold 7,500 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.10, for a total transaction of $128,250.00. Following the transaction, the director now directly owns 102,666 shares of the company’s stock, valued at $1,755,588.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.06% of the company’s stock.
Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Cott had a negative net margin of 2.86% and a positive return on equity of 0.09%. The business had revenue of $995.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. equities research analysts predict that Cott Corp will post 0.03 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.06 per share. The ex-dividend date was Monday, November 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.45%. Cott’s payout ratio is currently -34.29%.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group lifted their price target on shares of Cott from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Canaccord Genuity reiterated a “buy” rating and set a $20.00 price target on shares of Cott in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Cott from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank of Canada restated a “buy” rating and issued a $20.00 target price on shares of Cott in a report on Friday, September 15th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Cott in a report on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.04.
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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