Cott Corp. (COT) Stock Price Up 1.9%
Cott Corp. (NYSE:COT) shares traded up 1.9% during mid-day trading on Tuesday . The company traded as high as $14.35 and last traded at $14.22, with a volume of 321,558 shares traded. The stock had previously closed at $13.96.
COT has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Cott Corp. in a research report on Thursday, June 9th. They set a “neutral” rating and a $17.00 target price on the stock. Canaccord Genuity reiterated a “buy” rating and set a $23.00 target price on shares of Cott Corp. in a research report on Wednesday, June 29th. Zacks Investment Research downgraded shares of Cott Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. TheStreet upgraded shares of Cott Corp. from a “hold” rating to a “buy” rating in a research report on Monday, March 28th. Finally, Jefferies Group reiterated a “hold” rating and set a $15.50 target price (up previously from $13.00) on shares of Cott Corp. in a research report on Tuesday, May 17th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Cott Corp. presently has a consensus rating of “Buy” and an average target price of $16.40.
The stock’s market capitalization is $1.75 billion. The stock has a 50 day moving average of $14.93 and a 200-day moving average of $12.83.
Cott Corp. (NYSE:COT) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business earned $698.40 million during the quarter, compared to analysts’ expectations of $687.51 million. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.08) EPS. Equities research analysts expect that Cott Corp. will post $0.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Friday, June 3rd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.68%. The ex-dividend date was Wednesday, June 1st.
Several institutional investors recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its position in Cott Corp. by 8.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 733,800 shares of the company’s stock valued at $8,064,000 after buying an additional 55,000 shares in the last quarter. Gabelli Funds LLC increased its stake in Cott Corp. by 0.9% in the fourth quarter. Gabelli Funds LLC now owns 689,000 shares of the company’s stock valued at $7,572,000 after buying an additional 6,000 shares during the last quarter. Bank of Montreal Can increased its stake in Cott Corp. by 17.2% in the fourth quarter. Bank of Montreal Can now owns 154,152 shares of the company’s stock valued at $1,694,000 after buying an additional 22,650 shares during the last quarter. Wells Fargo & Company MN increased its stake in Cott Corp. by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,656,199 shares of the company’s stock valued at $18,202,000 after buying an additional 251,534 shares during the last quarter. Finally, Sabal Capital Management LLC acquired a new stake in Cott Corp. during the fourth quarter valued at approximately $6,673,000.
Cott Corporation, together with its consolidated subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates in three segments: North America, United Kingdom and All Other. The Company is also engaged in home and office bottled water and office coffee services distribution in the United States.
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