Cott Corp. (NYSE:COT) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.38 and last traded at $17.08, with a volume of 330,976 shares. The stock had previously closed at $17.05.

A number of research analysts have recently issued reports on COT shares. Zacks Investment Research downgraded shares of Cott Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Canaccord Genuity restated a “buy” rating on shares of Cott Corp. in a research report on Wednesday, April 20th. Deutsche Bank AG raised their price target on shares of Cott Corp. from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, May 9th. Jefferies Group restated a “hold” rating and issued a $15.50 price target (up from $13.00) on shares of Cott Corp. in a research report on Tuesday, May 17th. Finally, Barclays PLC raised their price target on shares of Cott Corp. from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cott Corp. presently has a consensus rating of “Buy” and an average price target of $17.50.

The company’s 50-day moving average is $14.82 and its 200-day moving average is $13.62. The company has a market cap of $2.33 billion and a PE ratio of 444.74.

Cott Corp. (NYSE:COT) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company had revenue of $765 million for the quarter, compared to analyst estimates of $766.83 million. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts forecast that Cott Corp. will post $0.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Thursday, August 25th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, August 23rd.

In other Cott Corp. news, Director Eric Rosenfeld sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $17.00, for a total value of $425,000.00. Following the sale, the director now owns 465,065 shares of the company’s stock, valued at approximately $7,906,105. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeremy S. G. Fowden sold 148,515 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $17.09, for a total transaction of $2,538,121.35. Following the completion of the sale, the chief executive officer now directly owns 892,500 shares in the company, valued at approximately $15,252,825. The disclosure for this sale can be found here.

A number of large investors have made changes to their positions in COT. Victory Capital Management Inc. raised its stake in shares of 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 during the period. Wells Fargo & Company MN raised its stake in shares of 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 period. Marshall Wace LLP raised its stake in shares of 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 during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 during the period. Finally, Bank of Montreal Can raised its stake in shares of 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 period.

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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