Wells Fargo & Company MN Has $30.19 Million Stake in Cott Corporation (COT)
Wells Fargo & Company MN decreased its holdings in shares of Cott Corporation (NYSE:COT) (TSE:BCB) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,090,835 shares of the company’s stock after selling 59,825 shares during the quarter. Wells Fargo & Company MN owned 1.50% of Cott Corporation worth $30,192,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in COT. FMR LLC grew its stake in shares of Cott Corporation by 36.2% during the first quarter. FMR LLC now owns 9,745,914 shares of the company’s stock valued at $120,628,000 after buying an additional 2,591,155 shares during the last quarter. Clearfield Capital Management LP bought a new position in shares of Cott Corporation during the first quarter valued at approximately $19,174,000. Thrivent Financial For Lutherans bought a new position in shares of Cott Corporation during the first quarter valued at approximately $13,358,000. Gamco Investors INC. ET AL grew its stake in shares of Cott Corporation by 89.5% during the second quarter. Gamco Investors INC. ET AL now owns 1,706,444 shares of the company’s stock valued at $24,641,000 after buying an additional 805,744 shares during the last quarter. Finally, Vivaldi Capital Management LLC bought a new position in shares of Cott Corporation during the first quarter valued at approximately $5,512,029,000.
In other Cott Corporation news, Director Gregory R. Monahan sold 8,500 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total value of $130,050.00. Following the completion of the transaction, the director now owns 115,666 shares in the company, valued at $1,769,689.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jason R. Ausher sold 5,800 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $15.35, for a total transaction 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 approximately $318,819.50. The disclosure for this sale can be found here. 2.06% of the stock is currently owned by company insiders.
Cott Corporation (COT) opened at 14.96 on Friday. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $16.18. The company has a 50-day moving average price of $15.38 and a 200 day moving average price of $13.86. The company’s market cap is $2.08 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.10). Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. During the same quarter last year, the business posted $0.15 EPS. The firm’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities research analysts forecast that Cott Corporation will post ($0.01) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors 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 1.60%. Cott Corporation’s dividend payout ratio (DPR) is presently -23.30%.
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COT has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 target price on shares of Cott Corporation in a research note on Monday, July 10th. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $14.00 price objective (up previously from $13.50) on shares of Cott Corporation in a research note on Monday, June 12th. Stifel Nicolaus reissued a “hold” rating and issued a $12.00 price objective on shares of Cott Corporation in a research note on Tuesday, July 25th. Finally, BMO Capital Markets raised Cott Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $15.00 to $17.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Cott Corporation presently has an average rating of “Hold” and an average target price of $16.75.
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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