Dynamic Technology Lab Private Ltd Purchases 9,033 Shares of Cott Corp (NYSE:COT)

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Dynamic Technology Lab Private Ltd grew its position in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 38.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,564 shares of the company’s stock after acquiring an additional 9,033 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Cott were worth $476,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Cott by 22.1% during the 1st quarter. JPMorgan Chase & Co. now owns 3,436,177 shares of the company’s stock worth $50,202,000 after purchasing an additional 621,433 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Cott by 13.6% during the 1st quarter. Wells Fargo & Company MN now owns 2,522,787 shares of the company’s stock worth $36,858,000 after purchasing an additional 301,795 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Cott by 3.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,420,944 shares of the company’s stock worth $33,748,000 after purchasing an additional 78,182 shares in the last quarter. Norges Bank bought a new stake in shares of Cott during the 4th quarter worth approximately $31,133,000. Finally, Cidel Asset Management Inc. raised its stake in shares of Cott by 41.2% during the 1st quarter. Cidel Asset Management Inc. now owns 1,849,620 shares of the company’s stock worth $26,998,000 after purchasing an additional 540,118 shares in the last quarter.

COT opened at $13.39 on Thursday. Cott Corp has a 1-year low of $12.72 and a 1-year high of $17.06. The company has a current ratio of 1.07, a quick ratio of 0.85 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $1.80 billion, a P/E ratio of 83.69 and a beta of 0.98.

Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.10). Cott had a net margin of 0.08% and a return on equity of 0.39%. The business had revenue of $574.10 million during the quarter, compared to the consensus estimate of $566.04 million. During the same quarter last year, the company posted $0.03 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts expect that Cott Corp will post 0.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Thursday, May 30th. Cott’s dividend payout ratio (DPR) is presently 150.00%.

COT has been the topic of a number of analyst reports. Citigroup set a $17.00 price objective on Cott and gave the stock a “buy” rating in a research note on Friday, May 3rd. ValuEngine cut Cott from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. TD Securities cut Cott from an “action list buy” rating to a “buy” rating and dropped their price objective for the stock from $20.00 to $17.00 in a research note on Friday, May 3rd. Finally, Zacks Investment Research cut Cott from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cott presently has a consensus rating of “Buy” and an average target price of $18.40.

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Cott 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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Institutional Ownership by Quarter for Cott (NYSE:COT)

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