Toronto Dominion Bank Has $1.23 Million Holdings in Cott Corp (COT)
Toronto Dominion Bank lessened its holdings in Cott Corp (NYSE:COT) (TSE:BCB) by 52.0% during the first quarter, HoldingsChannel reports. The firm owned 84,275 shares of the company’s stock after selling 91,174 shares during the quarter. Toronto Dominion Bank’s holdings in Cott were worth $1,230,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Doyle Wealth Management purchased a new stake in shares of Cott during the 4th quarter worth approximately $41,000. Cutler Group LP boosted its stake in shares of Cott by 39,900.0% during the 4th quarter. Cutler Group LP now owns 4,000 shares of the company’s stock worth $55,000 after acquiring an additional 3,990 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cott during the 1st quarter worth approximately $86,000. Stevens Capital Management LP purchased a new stake in shares of Cott during the 4th quarter worth approximately $148,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Cott during the 4th quarter worth approximately $210,000.
In related news, Director Steven P. Stanbrook bought 13,500 shares of Cott stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average price of $14.77 per share, with a total value of $199,395.00. Following the purchase, the director now owns 13,500 shares in the company, valued at $199,395. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles R. Hinson bought 51,405 shares of Cott stock in a transaction that occurred on Tuesday, February 26th. The stock was bought at an average cost of $14.88 per share, for a total transaction of $764,906.40. Following the purchase, the chief executive officer now owns 210,116 shares in the company, valued at approximately $3,126,526.08. The disclosure for this purchase can be found here. 3.99% of the stock is currently owned by corporate insiders.
Cott (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, May 2nd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). Cott had a net margin of 0.08% and a return on equity of 0.39%. The company had revenue of $574.10 million during the quarter, compared to analysts’ expectations of $566.04 million. During the same period in the previous year, the company posted $0.03 EPS. Cott’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts predict that Cott Corp will post 0.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 31st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, May 30th. Cott’s payout ratio is currently 150.00%.
Several equities research analysts have recently commented on COT shares. Citigroup set a $17.00 price target on Cott and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine lowered Cott from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Zacks Investment Research lowered Cott from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, TD Securities lowered Cott from an “action list buy” rating to a “buy” rating and decreased their price target for the stock from $20.00 to $17.00 in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Cott has an average rating of “Buy” and a consensus price target of $18.50.
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Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its product portfolio includes bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, specialty coffee, liquid coffee or tea concentrate, single cup coffee, cold brewed coffee, iced blend coffee or tea beverages, blended teas, hot tea, sparkling tea, coffee or tea extract solutions, filtration equipment, hot chocolate, soups, malt drinks, creamers/whiteners, cereals, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.
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