Cott Corp (COT) Director Gregory R. Monahan Sells 7,500 Shares of Stock
Cott Corp (NYSE:COT) (TSE:BCB) Director Gregory R. Monahan sold 7,500 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $17.10, for a total transaction of $128,250.00. Following the transaction, the director now owns 102,666 shares in the company, valued at approximately $1,755,588.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Cott Corp (NYSE COT) traded down $0.12 during trading on Wednesday, hitting $17.20. 1,251,100 shares of the stock were exchanged, compared to its average volume of 1,159,064. Cott Corp has a 12 month low of $10.10 and a 12 month high of $17.46. The company has a quick ratio of 0.86, a current ratio of 1.01 and a debt-to-equity ratio of 1.76.
Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Cott had a negative net margin of 2.86% and a positive return on equity of 0.09%. Cott’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS. research analysts forecast that Cott Corp will post 0.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 28th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.40%. The ex-dividend date is Monday, November 27th. Cott’s payout ratio is -34.29%.
A number of brokerages have issued reports on COT. Credit Suisse Group increased their target price on shares of Cott from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Cott in a report on Friday, October 27th. Zacks Investment Research raised shares of Cott from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price target on shares of Cott in a report on Friday, September 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Cott in a report on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cott currently has an average rating of “Buy” and an average price target of $17.04.
Large investors have recently modified their holdings of the stock. Symons Capital Management Inc. raised its stake in shares of Cott by 0.5% during the second quarter. Symons Capital Management Inc. now owns 54,340 shares of the company’s stock valued at $785,000 after acquiring an additional 275 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Cott by 1.0% during the second quarter. Bank of Montreal Can now owns 330,305 shares of the company’s stock valued at $4,770,000 after acquiring an additional 3,154 shares during the last quarter. Aperio Group LLC raised its stake in shares of Cott by 2.1% during the second quarter. Aperio Group LLC now owns 154,101 shares of the company’s stock valued at $2,225,000 after acquiring an additional 3,189 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Cott by 0.4% during the third quarter. Mackenzie Financial Corp now owns 1,107,157 shares of the company’s stock valued at $16,618,000 after acquiring an additional 4,299 shares during the last quarter. Finally, Swiss National Bank raised its stake in shares of Cott by 1.9% during the third quarter. Swiss National Bank now owns 234,500 shares of the company’s stock valued at $3,517,000 after acquiring an additional 4,300 shares during the last quarter.
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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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