COT has been the topic of several other reports. Barclays PLC lifted their price objective on shares of Cott Corp. from $16.00 to $17.00 and gave the stock an overweight rating in a research report on Wednesday, June 8th. Citigroup Inc. lifted their price objective on shares of Cott Corp. from $16.00 to $19.00 and gave the stock a buy rating in a research report on Wednesday, June 8th. BMO Capital Markets reiterated a hold rating on shares of Cott Corp. in a research report on Wednesday, June 8th. Canaccord Genuity reiterated a buy rating on shares of Cott Corp. in a research report on Wednesday, June 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Cott Corp. in a research report on Thursday, June 9th. They set a neutral rating and a $17.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $17.70.
Cott Corp. (NYSE:COT) opened at 13.94 on Monday. Cott Corp. has a 1-year low of $8.96 and a 1-year high of $17.38. The company’s 50-day moving average price is $15.34 and its 200 day moving average price is $14.74. The firm has a market capitalization of $1.92 billion, a PE ratio of 366.84 and a beta of 0.59.
Cott Corp. (NYSE:COT) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company earned $765 million during the quarter, compared to the consensus estimate of $766.83 million. Cott Corp. had a net margin of 0.20% and a return on equity of 4.53%. Cott Corp.’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. On average, equities analysts anticipate that Cott Corp. will post $0.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Thursday, August 25th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Tuesday, August 23rd. Cott Corp.’s dividend payout ratio is presently 800.27%.
In related news, Director Eric Rosenfeld sold 19,582 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $17.07, for a total value of $334,264.74. Following the completion of the sale, the director now directly owns 390,065 shares in the company, valued at $6,658,409.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeremy S. G. Fowden sold 148,515 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $17.09, for a total transaction of $2,538,121.35. Following the completion of the sale, the chief executive officer now owns 892,500 shares of the company’s stock, valued at $15,252,825. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of COT. Walleye Trading LLC boosted its stake in shares of Cott Corp. by 203.8% in the second quarter. Walleye Trading LLC now owns 7,900 shares of the company’s stock worth $110,000 after buying an additional 5,300 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Cott Corp. by 61.1% in the first quarter. Legal & General Group Plc now owns 8,702 shares of the company’s stock worth $121,000 after buying an additional 3,300 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Cott Corp. during the second quarter worth about $142,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Cott Corp. by 4.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,514 shares of the company’s stock worth $147,000 after buying an additional 450 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of Cott Corp. during the second quarter worth about $174,000.
About Cott Corp.
Cott Corporation, along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through four segments: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.
Receive News & Ratings for Cott Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cott Corp. and related companies with MarketBeat.com's FREE daily email newsletter.