Jason R. Ausher Sells 5,800 Shares of Cott Corporation (COT) Stock
Cott Corporation (NYSE:COT) (TSE:BCB) CAO Jason R. Ausher sold 5,800 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $15.35, for a total value of $89,030.00. Following the completion of the transaction, the chief accounting officer now owns 20,770 shares of the company’s stock, valued at $318,819.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Cott Corporation (NYSE COT) traded down 0.98% on Friday, reaching $15.08. The company’s stock had a trading volume of 236,949 shares. Cott Corporation has a 12 month low of $10.10 and a 12 month high of $16.18. The company has a 50-day moving average price of $15.41 and a 200 day moving average price of $13.72. The company’s market cap is $2.10 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.10). The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities research analysts anticipate that Cott Corporation will post ($0.01) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd were issued a $0.06 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.24 annualized dividend and a yield of 1.57%. Cott Corporation’s dividend payout ratio is presently -23.30%.
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A number of research analysts recently commented on the company. ValuEngine upgraded Cott Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and issued a $12.00 target price on shares of Cott Corporation in a research note on Tuesday, July 25th. BMO Capital Markets upped their target price on Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $20.00 target price on shares of Cott Corporation in a research note on Thursday, August 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $14.00 target price (up from $13.50) on shares of Cott Corporation in a research note on Monday, June 12th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.75.
Hedge funds and other institutional investors have recently made changes to their positions in the business. First Mercantile Trust Co. acquired a new position in Cott Corporation in the 2nd quarter valued at $145,000. Teza Capital Management LLC acquired a new position in Cott Corporation in the 1st quarter valued at $177,000. Parametric Portfolio Associates LLC acquired a new position in Cott Corporation in the 1st quarter valued at $180,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cott Corporation by 92.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in Cott Corporation in the 2nd quarter valued at $181,000.
About Cott Corporation
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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