Cott Corp (NYSE:COT) (TSE:BCB) has been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $18.80.
A number of equities analysts have recently weighed in on the stock. Citigroup set a $17.00 price target on shares of Cott and gave the stock a “buy” rating in a research note on Friday, May 3rd. TD Securities cut shares of Cott from an “action list buy” rating to a “buy” rating and lowered their price target for the stock from $20.00 to $17.00 in a research note on Friday, May 3rd. Zacks Investment Research raised shares of Cott from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, March 12th. Finally, ValuEngine lowered shares of Cott from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd.
Shares of NYSE:COT traded down $0.13 during trading on Friday, hitting $13.89. 38,690 shares of the company were exchanged, compared to its average volume of 1,438,221. The company has a market capitalization of $1.89 billion, a PE ratio of 86.81 and a beta of 0.82. The company has a current ratio of 1.07, a quick ratio of 0.85 and a debt-to-equity ratio of 1.24. Cott has a 12-month low of $13.34 and a 12-month high of $17.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 31st will be given a $0.06 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.73%. Cott’s dividend payout ratio is presently 150.00%.
In related news, Director Steven P. Stanbrook acquired 13,500 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were acquired at an average cost of $14.77 per share, for a total transaction of $199,395.00. Following the acquisition, the director now directly owns 13,500 shares in the company, valued at approximately $199,395. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles R. Hinson acquired 51,405 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were bought at an average price of $14.88 per share, for a total transaction of $764,906.40. Following the completion of the acquisition, the chief executive officer now owns 210,116 shares in the company, valued at $3,126,526.08. The disclosure for this purchase can be found here. 3.99% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Doyle Wealth Management purchased a new position in shares of Cott during the 4th quarter worth about $41,000. Cutler Group LP increased its position in Cott by 39,900.0% during the 4th quarter. Cutler Group LP now owns 4,000 shares of the company’s stock worth $55,000 after purchasing an additional 3,990 shares in the last quarter. First Hawaiian Bank increased its position in Cott by 24.5% during the 4th quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock worth $61,000 after purchasing an additional 865 shares in the last quarter. Advisor Group Inc. increased its position in Cott by 248.4% during the 1st quarter. Advisor Group Inc. now owns 4,261 shares of the company’s stock worth $62,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Cott during the 1st quarter worth approximately $86,000.
Cott Company Profile
Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its 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, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.
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