Symons Capital Management Inc. lessened its position in Cott Corp (NYSE:COT) (TSE:BCB) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 28,338 shares of the company’s stock after selling 860 shares during the period. Symons Capital Management Inc.’s holdings in Cott were worth $354,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Doyle Wealth Management acquired a new stake in Cott in the second quarter valued at approximately $39,000. Cutler Group LP acquired a new stake in Cott in the second quarter valued at approximately $73,000. Paloma Partners Management Co acquired a new stake in Cott in the second quarter valued at approximately $137,000. Atria Investments LLC acquired a new stake in Cott in the second quarter valued at approximately $122,000. Finally, Marshall Wace North America L.P. grew its stake in Cott by 17.7% in the second quarter. Marshall Wace North America L.P. now owns 14,178 shares of the company’s stock valued at $189,000 after acquiring an additional 2,132 shares during the period.
A number of equities research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price objective on shares of Cott in a research note on Friday, August 9th. Goldman Sachs Group upgraded Cott from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, July 23rd. Zacks Investment Research upgraded Cott from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, TD Securities raised their target price on Cott from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.33.
In other Cott news, Director Eric Rosenfeld purchased 80,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $12.38 per share, for a total transaction of $990,400.00. Following the completion of the acquisition, the director now owns 415,478 shares of the company’s stock, valued at approximately $5,143,617.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Harrington purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $12.49 per share, for a total transaction of $312,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 124,920 shares of the company’s stock, valued at approximately $1,560,250.80. The disclosure for this purchase can be found here. 3.99% of the stock is owned by company insiders.
Shares of COT stock traded up $0.02 during trading hours on Friday, reaching $12.66. The company had a trading volume of 1,654,032 shares, compared to its average volume of 1,067,390. Cott Corp has a 12 month low of $11.72 and a 12 month high of $15.96. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.78. The business has a fifty day simple moving average of $12.70 and a 200-day simple moving average of $13.11. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 79.13 and a beta of 0.90.
Cott (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.10). Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The company had revenue of $616.10 million during the quarter, compared to the consensus estimate of $620.54 million. During the same quarter in the prior year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that Cott Corp will post 0.34 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 26th will be issued a $0.06 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.90%. Cott’s dividend payout ratio is presently 150.00%.
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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