Kennedy Capital Management Inc. trimmed its position in Cott Corp (NYSE:COT) (TSE:BCB) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,846 shares of the company’s stock after selling 6,038 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Cott were worth $2,730,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board boosted its holdings in Cott by 24.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 183,410 shares of the company’s stock valued at $2,744,000 after purchasing an additional 36,200 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Cott in the 3rd quarter valued at about $1,750,000. Jones Collombin Investment Counsel Inc boosted its holdings in Cott by 29.6% in the 4th quarter. Jones Collombin Investment Counsel Inc now owns 468,230 shares of the company’s stock valued at $7,814,000 after purchasing an additional 106,980 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Cott by 140.0% in the 3rd quarter. GSA Capital Partners LLP now owns 81,265 shares of the company’s stock valued at $1,220,000 after purchasing an additional 47,410 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Cott in the 4th quarter valued at about $596,000.
In other news, CFO Jay Wells sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $15.92, for a total value of $557,200.00. Following the sale, the chief financial officer now directly owns 114,257 shares of the company’s stock, valued at approximately $1,818,971.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Marni Morgan Poe sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $15.84, for a total transaction of $475,200.00. Following the sale, the vice president now directly owns 130,864 shares in the company, valued at $2,072,885.76. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $1,110,850 over the last three months. Insiders own 2.06% of the company’s stock.
Several equities analysts have weighed in on COT shares. Scotiabank set a $18.50 target price on shares of Cott and gave the company a “sector perform” rating in a report on Tuesday, January 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of Cott in a report on Friday, March 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.25.
Shares of Cott Corp (NYSE:COT) opened at $15.36 on Wednesday. The stock has a market cap of $2,171.26, a P/E ratio of -768.00 and a beta of 0.85. Cott Corp has a 52 week low of $11.58 and a 52 week high of $17.77. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.74.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $571.30 million for the quarter, compared to the consensus estimate of $617.21 million. Cott had a negative net margin of 0.05% and a positive return on equity of 0.23%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. sell-side analysts anticipate that Cott Corp will post 0.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Tuesday, March 13th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, March 12th. Cott’s dividend payout ratio (DPR) is -1,200.00%.
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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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