Pacad Investment Ltd. Purchases New Holdings in Cott Corporation (COT)
Pacad Investment Ltd. purchased a new stake in Cott Corporation (NYSE:COT) (TSE:BCB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,500 shares of the company’s stock, valued at approximately $181,000.
Several other large investors have also added to or reduced their stakes in COT. FMR LLC raised its holdings in shares of Cott Corporation by 36.2% in the 1st quarter. FMR LLC now owns 9,745,914 shares of the company’s stock valued at $120,628,000 after acquiring an additional 2,591,155 shares in the last quarter. Clearfield Capital Management LP purchased a new stake in shares of Cott Corporation in the 1st quarter valued at about $19,174,000. Thrivent Financial For Lutherans purchased a new stake in shares of Cott Corporation in the 1st quarter valued at about $13,358,000. Gamco Investors INC. ET AL raised its holdings in shares of Cott Corporation by 89.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,706,444 shares of the company’s stock valued at $24,641,000 after acquiring an additional 805,744 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Cott Corporation by 42.8% in the 1st quarter. Wells Fargo & Company MN now owns 2,150,660 shares of the company’s stock valued at $26,582,000 after acquiring an additional 645,087 shares in the last quarter.
In related news, CAO Jason R. Ausher sold 5,800 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $15.35, for a total value of $89,030.00. Following the sale, the chief accounting officer now directly owns 20,770 shares in the company, valued at $318,819.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.06% of the stock is currently owned by insiders.
A number of equities analysts recently weighed in on COT shares. BMO Capital Markets raised their price objective on Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $12.00 price objective on shares of Cott Corporation in a report on Tuesday, July 25th. Jefferies Group LLC raised their price objective on Cott Corporation from $14.00 to $14.25 and gave the company a “hold” rating in a report on Thursday, July 6th. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Cott Corporation in a report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.75.
Cott Corporation (NYSE:COT) opened at 15.24 on Thursday. The stock’s market capitalization is $2.12 billion. The company’s 50 day moving average price is $15.43 and its 200-day moving average price is $13.70. Cott Corporation has a one year low of $10.10 and a one year high of $16.18.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.10). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. Cott Corporation’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Analysts expect that Cott Corporation will post ($0.01) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 23rd were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.57%. Cott Corporation’s dividend payout ratio is currently -23.30%.
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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