Shell Asset Management Co. maintained its position in shares of Cott Corp. (NYSE:COT) during the second quarter, Holdings Channel reports. The institutional investor owned 12,531 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Cott Corp. were worth $226,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Cott Corp. by 469.5% in the first quarter. Royal Bank of Canada now owns 4,045,311 shares of the company’s stock valued at $56,190,000 after buying an additional 3,335,039 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of Cott Corp. by 264.2% in the first quarter. Teachers Advisors Inc. now owns 1,133,089 shares of the company’s stock valued at $15,739,000 after buying an additional 822,008 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Cott Corp. by 19.2% in the first quarter. Renaissance Technologies LLC now owns 3,403,900 shares of the company’s stock valued at $47,286,000 after buying an additional 548,100 shares in the last quarter. Barometer Capital Management Inc. boosted its position in shares of Cott Corp. by 74.9% in the second quarter. Barometer Capital Management Inc. now owns 962,400 shares of the company’s stock valued at $13,435,000 after buying an additional 412,050 shares in the last quarter. Finally, Bogle Investment Management L P DE purchased a new position in shares of Cott Corp. during the first quarter valued at approximately $3,610,000.
Shares of Cott Corp. (NYSE:COT) traded up 2.51% during midday trading on Wednesday, hitting $13.89. 347,385 shares of the stock were exchanged. The firm has a market cap of $1.91 billion, a PE ratio of 365.53 and a beta of 0.59. Cott Corp. has a 52-week low of $8.96 and a 52-week high of $17.38. The firm’s 50-day moving average is $15.07 and its 200 day moving average is $14.77.
Cott Corp. (NYSE:COT) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Cott Corp. had a return on equity of 4.53% and a net margin of 0.20%. The business earned $765 million during the quarter, compared to the consensus estimate of $766.83 million. During the same quarter last year, the company earned $0.18 EPS. Cott Corp.’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts forecast that Cott Corp. will post $0.24 earnings per share for the current year.
COT has been the subject of several recent analyst reports. TheStreet cut shares of Cott Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Deutsche Bank AG boosted their price objective on shares of Cott Corp. from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Cott Corp. in a research note on Wednesday, August 24th. Jefferies Group reaffirmed a “hold” rating on shares of Cott Corp. in a research note on Wednesday, August 10th. Finally, Credit Suisse Group AG set a $19.00 price objective on shares of Cott Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.70.
In other news, CEO Jeremy S. G. Fowden sold 148,515 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $17.09, for a total value of $2,538,121.35. Following the transaction, the chief executive officer now owns 892,500 shares in the company, valued at approximately $15,252,825. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Rosenfeld sold 19,582 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $17.07, for a total transaction of $334,264.74. Following the completion of the sale, the director now directly owns 390,065 shares of the company’s stock, valued at $6,658,409.55. The disclosure for this sale can be found here. 2.19% of the stock is currently owned by insiders.
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.
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