Cott Corp. (NYSE:COT) shares were down 2.8% during trading on Wednesday . The stock traded as low as $14.24 and last traded at $14.38, with a volume of 635,413 shares. The stock had previously closed at $14.79.

Several research analysts have commented on COT shares. Zacks Investment Research upgraded Cott Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, April 5th. Citigroup Inc. lifted their price target on Cott Corp. from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, April 8th. Canaccord Genuity reiterated a “buy” rating on shares of Cott Corp. in a research report on Saturday, April 9th. Stifel Nicolaus downgraded Cott Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. They noted that the move was a valuation call. Finally, Deutsche Bank AG lifted their price target on Cott Corp. from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, May 9th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Cott Corp. currently has an average rating of “Buy” and a consensus target price of $16.40.

The company has a 50-day moving average price of $14.61 and a 200 day moving average price of $13.32. The company’s market cap is $1.77 billion.

A number of hedge funds recently modified their holdings of the company. Levin Capital Strategies L.P. boosted its stake in shares of Cott Corp. by 4.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 14,171,432 shares of the company’s stock worth $155,744,000 after buying an additional 573,348 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Cott Corp. by 24.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,457,543 shares of the company’s stock valued at $27,008,000 after buying an additional 487,042 shares in the last quarter. Wells Fargo & Company MN boosted 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 in the last quarter. Marshall Wace LLP boosted its stake in Cott Corp. by 107.4% in the fourth quarter. Marshall Wace LLP now owns 276,017 shares of the company’s stock valued at $3,033,000 after buying an additional 142,921 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Cott Corp. by 18.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,520 shares of the company’s stock valued at $2,193,000 after buying an additional 30,981 shares in the last quarter.

Cott Corporation, along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through four segments: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.

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