Shares of Cott (NYSE:COT) (TSE:BCB) have earned a consensus rating of “Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $17.33.
A number of research analysts have recently issued reports on the company. Scotiabank set a $18.50 price objective on Cott and gave the company a “sector perform” rating in a research note on Tuesday, January 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $19.00 price objective (up from $18.00) on shares of Cott in a research note on Friday, March 2nd. Deutsche Bank cut Cott from a “buy” rating to a “hold” rating and set a $17.85 price objective on the stock. in a research note on Monday, March 26th. Finally, ValuEngine raised Cott from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd.
Shares of NYSE:COT traded down $0.06 on Wednesday, reaching $14.74. 605,774 shares of the company traded hands, compared to its average volume of 1,013,525. Cott has a 52 week low of $12.04 and a 52 week high of $17.77. The stock has a market capitalization of $2,079.82, a P/E ratio of 210.57 and a beta of 0.80. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.74.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th were paid a $0.06 dividend. The ex-dividend date was Monday, March 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.63%. Cott’s payout ratio is presently 342.86%.
In related news, VP Marni Morgan Poe sold 30,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $15.84, for a total value of $475,200.00. Following the sale, the vice president now directly owns 130,864 shares of the company’s stock, valued at $2,072,885.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason R. Ausher sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $15.69, for a total value of $78,450.00. Following the completion of the sale, the insider now directly owns 19,681 shares in the company, valued at $308,794.89. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock worth $1,110,850 over the last three months. 2.06% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of COT. Gotham Asset Management LLC bought a new stake in Cott during the 4th quarter valued at approximately $1,449,000. Millennium Management LLC boosted its position in Cott by 10.7% during the 4th quarter. Millennium Management LLC now owns 6,063,753 shares of the company’s stock valued at $101,022,000 after acquiring an additional 585,654 shares in the last quarter. Sciencast Management LP bought a new stake in Cott during the 4th quarter valued at approximately $438,000. Garnet Equity Capital Holdings Inc. bought a new stake in Cott during the 4th quarter valued at approximately $4,123,000. Finally, HBK Investments L P boosted its position in Cott by 491.4% during the 4th quarter. HBK Investments L P now owns 130,100 shares of the company’s stock valued at $2,167,000 after acquiring an additional 108,100 shares in the last quarter.
Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's 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, beverage concentrates, and mineral water.
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