Nordea Investment Management AB Raises Stake in Cott Corp (COT)

Nordea Investment Management AB lifted its position in Cott Corp (NYSE:COT) (TSE:BCB) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,900 shares of the company’s stock after purchasing an additional 7,100 shares during the quarter. Nordea Investment Management AB owned about 0.18% of Cott worth $3,781,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of COT. First Mercantile Trust Co. bought a new stake in shares of Cott in the second quarter worth about $145,000. Parametric Portfolio Associates LLC bought a new stake in shares of Cott in the first quarter worth about $180,000. Pacad Investment Ltd. bought a new stake in shares of Cott in the second quarter worth about $181,000. Shell Asset Management Co. increased its holdings in shares of Cott by 78.2% in the third quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock worth $181,000 after purchasing an additional 10,353 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Cott in the second quarter worth about $200,000.

In related news, Director Gregory R. Monahan sold 7,500 shares of Cott stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.10, for a total value of $128,250.00. Following the completion of the transaction, the director now owns 102,666 shares in the company, valued at $1,755,588.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregory R. Monahan sold 8,500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total value of $130,050.00. Following the transaction, the director now owns 115,666 shares of the company’s stock, valued at approximately $1,769,689.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,800 shares of company stock valued at $347,330. 2.06% of the stock is currently owned by company insiders.

COT has been the topic of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Cott in a report on Thursday, August 10th. ValuEngine raised Cott from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cott in a report on Tuesday, September 12th. Zacks Investment Research cut Cott from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Cott in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $17.04.

Cott Corp (NYSE:COT) opened at $17.57 on Monday. Cott Corp has a 12-month low of $10.10 and a 12-month high of $17.66. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.01 and a quick ratio of 0.86.

Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Cott had a positive return on equity of 0.09% and a negative net margin of 2.86%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 EPS. equities analysts predict that Cott Corp will post 0.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 28th will be given a $0.06 dividend. The ex-dividend date is Monday, November 27th. This represents a $0.24 annualized dividend and a yield of 1.37%. Cott’s dividend payout ratio is currently -34.29%.

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Cott Company Profile

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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Institutional Ownership by Quarter for Cott (NYSE:COT)

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