Cott Corp. (COT) Stock Price Down 1.3%
Shares of Cott Corp. (NYSE:COT) traded down 1.3% during trading on Tuesday . The stock traded as low as $16.48 and last traded at $16.52, with a volume of 205,880 shares trading hands. The stock had previously closed at $16.73.
Several analysts recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $23.00 price target on shares of Cott Corp. in a research note on Friday, August 5th. Jefferies Group boosted their price target on Cott Corp. from $15.50 to $17.50 and gave the company a “hold” rating in a research note on Friday, August 19th. Credit Suisse Group AG set a $19.00 price target on Cott Corp. and gave the company a “buy” rating in a research note on Friday, August 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Cott Corp. in a research note on Friday, August 5th. Finally, Stifel Nicolaus raised Cott Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.70.
The firm has a market cap of $2.21 billion and a P/E ratio of 421.58. The company has a 50-day moving average price of $15.42 and a 200-day moving average price of $14.02.
Cott Corp. (NYSE:COT) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.02. The firm earned $765 million during the quarter, compared to the consensus estimate of $766.83 million. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. On average, equities research analysts expect that Cott Corp. will post $0.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Thursday, August 25th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.48%.
In other news, CEO Jeremy S. G. Fowden sold 148,515 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $17.09, for a total transaction of $2,538,121.35. Following the transaction, the chief executive officer now owns 892,500 shares in the company, valued at $15,252,825. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Rosenfeld sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $17.00, for a total value of $425,000.00. Following the transaction, the director now owns 465,065 shares in the company, valued at approximately $7,906,105. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can raised 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 worth $1,694,000 after buying an additional 22,650 shares during the period. Dimensional Fund Advisors LP raised its position in Cott Corp. by 18.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 199,520 shares of the company’s stock worth $2,193,000 after buying an additional 30,981 shares during the period. Finally, Wells Fargo & Company MN raised its position 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 worth $18,202,000 after buying an additional 251,534 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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