Shell Asset Management Co. continued to hold its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,231 shares of the company’s stock at the end of the 2nd quarter. Shell Asset Management Co.’s holdings in Cott Corp were worth $248,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Cott Corp by 36.2% in the first quarter. FMR LLC now owns 9,745,914 shares of the company’s stock worth $120,628,000 after acquiring an additional 2,591,155 shares during the period. Russell Investments Group Ltd. grew its position in Cott Corp by 2.8% during the second quarter. Russell Investments Group Ltd. now owns 5,493,194 shares of the company’s stock valued at $79,276,000 after buying an additional 151,673 shares during the period. Vanguard Group Inc. grew its position in Cott Corp by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,684,388 shares of the company’s stock valued at $33,179,000 after buying an additional 159,725 shares during the period. Wells Fargo & Company MN grew its position in Cott Corp by 42.8% during the first quarter. Wells Fargo & Company MN now owns 2,150,660 shares of the company’s stock valued at $26,582,000 after buying an additional 645,087 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Cott Corp by 19.2% during the first quarter. Alliancebernstein L.P. now owns 1,584,778 shares of the company’s stock valued at $19,588,000 after purchasing an additional 255,147 shares in the last quarter.
Cott Corp (NYSE:COT) traded up 1.08% during midday trading on Tuesday, reaching $15.96. The company had a trading volume of 1,583,313 shares. The firm’s market capitalization is $2.22 billion. The firm’s 50-day moving average price is $15.26 and its 200 day moving average price is $13.47. Cott Corp has a 12 month low of $10.10 and a 12 month high of $16.49.
Cott Corp (NYSE:COT) (TSE:BCB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.10. Cott Corp had a negative return on equity of 11.88% and a negative net margin of 2.20%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. During the same period in the prior year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. Equities analysts anticipate that Cott Corp will post ($0.01) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, August 21st. Cott Corp’s dividend payout ratio (DPR) is currently -23.30%.
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COT has been the topic of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price objective on shares of Cott Corp in a research report on Monday, July 10th. Zacks Investment Research cut shares of Cott Corp from a “buy” rating to a “hold” rating in a report on Monday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Cott Corp in a research note on Thursday, July 27th. ValuEngine raised shares of Cott Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $14.00 price target (up from $13.50) on shares of Cott Corp in a research report on Monday, June 12th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cott Corp currently has a consensus rating of “Hold” and a consensus target price of $16.75.
About Cott Corp
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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