Cramer Rosenthal Mcglynn LLC Buys 1,412,428 Shares of Cott Corp (NYSE:COT)

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Cramer Rosenthal Mcglynn LLC grew its stake in Cott Corp (NYSE:COT) (TSE:BCB) by 35.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,428,725 shares of the company’s stock after buying an additional 1,412,428 shares during the quarter. Cott accounts for about 2.0% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 12th biggest holding. Cramer Rosenthal Mcglynn LLC owned about 4.03% of Cott worth $72,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in COT. Parametric Portfolio Associates LLC raised its position in shares of Cott by 15.3% in the second quarter. Parametric Portfolio Associates LLC now owns 87,294 shares of the company’s stock valued at $1,165,000 after purchasing an additional 11,594 shares during the period. Toronto Dominion Bank grew its position in shares of Cott by 32.5% during the 2nd quarter. Toronto Dominion Bank now owns 111,695 shares of the company’s stock worth $1,491,000 after buying an additional 27,420 shares during the period. Bogle Investment Management L P DE grew its position in Cott by 23.2% in the 2nd quarter. Bogle Investment Management L P DE now owns 446,035 shares of the company’s stock valued at $5,955,000 after purchasing an additional 84,034 shares during the period. Tobam grew its position in Cott by 8.1% in the 2nd quarter. Tobam now owns 334,077 shares of the company’s stock valued at $4,469,000 after purchasing an additional 25,173 shares during the period. Finally, Renaissance Technologies LLC grew its position in Cott by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,459,700 shares of the company’s stock valued at $32,837,000 after purchasing an additional 270,500 shares during the period.

Shares of NYSE COT traded down $0.01 during midday trading on Friday, hitting $13.58. 18,290 shares of the company’s stock traded hands, compared to its average volume of 973,106. Cott Corp has a 1 year low of $11.72 and a 1 year high of $16.37. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 84.84 and a beta of 0.90. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.78 and a current ratio of 1.01. The firm has a fifty day moving average of $12.61 and a 200 day moving average of $13.70.

Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.03). Cott had a negative net margin of 0.19% and a negative return on equity of 0.27%. The business had revenue of $604.10 million for the quarter, compared to analysts’ expectations of $608.80 million. During the same period in the previous year, the company earned $0.09 EPS. Cott’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Cott Corp will post 0.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.06 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.24 annualized dividend and a yield of 1.77%. Cott’s dividend payout ratio (DPR) is presently 150.00%.

In other Cott news, Director Eric Rosenfeld purchased 80,000 shares of the stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $12.38 per share, with a total value of $990,400.00. Following the completion of the acquisition, the director now owns 415,478 shares in the company, valued at $5,143,617.64. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Thomas Harrington purchased 25,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $12.49 per share, with a total value of $312,250.00. Following the acquisition, the chief executive officer now owns 124,920 shares of the company’s stock, valued at approximately $1,560,250.80. The disclosure for this purchase can be found here. 3.99% of the stock is currently owned by company insiders.

A number of equities research analysts recently issued reports on the company. Goldman Sachs Group upgraded Cott from a “neutral” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 23rd. ValuEngine cut shares of Cott from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. TD Securities upped their target price on shares of Cott from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $20.00 target price on shares of Cott in a research note on Friday, August 9th. Finally, Zacks Investment Research cut shares of Cott from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.71.

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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