Bank of New York Mellon Corp lowered its stake in Cott Corporation (NYSE:COT) (TSE:BCB) by 97.5% during the first quarter, Holdings Channel reports. The fund owned 11,884 shares of the company’s stock after selling 470,604 shares during the period. Bank of New York Mellon Corp’s holdings in Cott Corporation were worth $148,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of COT. Eqis Capital Management Inc. acquired a new position in shares of Cott Corporation during the first quarter valued at about $195,000. Solaris Asset Management LLC boosted its position in shares of Cott Corporation by 10.3% in the first quarter. Solaris Asset Management LLC now owns 20,900 shares of the company’s stock valued at $258,000 after buying an additional 1,950 shares during the last quarter. Financial & Investment Management Group Ltd. boosted its position in shares of Cott Corporation by 135.7% in the first quarter. Financial & Investment Management Group Ltd. now owns 364,951 shares of the company’s stock valued at $4,511,000 after buying an additional 210,142 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cott Corporation by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 491,756 shares of the company’s stock valued at $5,572,000 after buying an additional 16,072 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Cott Corporation by 42.8% in the first quarter. Wells Fargo & Company MN now owns 2,150,660 shares of the company’s stock valued at $26,582,000 after buying an additional 645,087 shares during the last quarter.

Cott Corporation (NYSE:COT) traded up 0.07% during mid-day trading on Friday, hitting $15.18. 801,309 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $14.88 and its 200-day moving average price is $12.98. The stock’s market cap is $2.11 billion. Cott Corporation has a one year low of $10.10 and a one year high of $17.31.

Cott Corporation (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.10. Cott Corporation had a positive return on equity of 0.53% and a negative net margin of 3.88%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. On average, analysts forecast that Cott Corporation will post ($0.01) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd 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 1.58%. The ex-dividend date of this dividend is Monday, August 21st. Cott Corporation’s dividend payout ratio is presently -23.30%.

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Several brokerages have issued reports on COT. Jefferies Group LLC reiterated a “hold” rating and set a $13.50 target price on shares of Cott Corporation in a report on Friday, May 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Cott Corporation in a report on Monday, July 10th. ValuEngine upgraded shares of Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BMO Capital Markets reiterated a “buy” rating and set a $17.00 target price on shares of Cott Corporation in a report on Thursday, July 27th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $19.00 target price on shares of Cott Corporation in a report on Monday, April 17th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.75.

Cott Corporation Company Profile

Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.

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Institutional Ownership by Quarter for Cott Corporation (NYSE:COT)

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