Cott Corp. (COT) Stock Price Down 1.3%
Cott Corp. (NYSE:COT)’s share price fell 1.3% during trading on Tuesday . The company traded as low as $16.48 and last traded at $16.52, with a volume of 205,880 shares traded. The stock had previously closed at $16.73.
A number of research firms have recently commented on COT. Jefferies Group raised their price target on Cott Corp. from $15.50 to $17.50 and gave the stock a “hold” rating in a report on Friday. Credit Suisse Group AG set a $19.00 price target on Cott Corp. and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Cott Corp. in a report on Friday, August 5th. Deutsche Bank AG raised their price target on Cott Corp. from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $23.00 price objective on shares of Cott Corp. in a research report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cott Corp. has a consensus rating of “Buy” and a consensus target price of $17.70.
The company has a market cap of $2.26 billion and a PE ratio of 431.32. The company has a 50-day moving average of $15.36 and a 200-day moving average of $14.00.
Cott Corp. (NYSE:COT) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $765 million for the quarter, compared to analysts’ expectations of $766.83 million. During the same period last year, the firm posted $0.18 earnings per share. Cott Corp.’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that Cott Corp. will post $0.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders 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 dividend yield of 1.46%. The ex-dividend date is Tuesday, August 23rd.
In other news, Director Eric Rosenfeld sold 19,582 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $17.07, for a total transaction of $334,264.74. Following the completion of the sale, the director now owns 390,065 shares of the company’s stock, valued at approximately $6,658,409.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 sale, the chief executive officer now directly owns 892,500 shares of the company’s stock, valued at approximately $15,252,825. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its position 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 in the last quarter. Marshall Wace LLP increased its position 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 in the last quarter. Dimensional Fund Advisors LP increased its position 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 in the last quarter. Finally, Bank of Montreal Can increased its position 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 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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