Cott Corporation (NYSE:COT) Stake Held by Legal & General Group Plc
Legal & General Group Plc held its position in shares of Cott Corporation (NYSE:COT) (TSE:BCB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,342 shares of the company’s stock at the end of the first quarter. Legal & General Group Plc’s holdings in Cott Corporation were worth $202,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of COT. Parametric Portfolio Associates LLC bought a new position in shares of Cott Corporation during the first quarter worth approximately $180,000. Wedbush Securities Inc. bought a new position in shares of Cott Corporation during the first quarter worth approximately $175,000. Karp Capital Management Corp bought a new position in shares of Cott Corporation during the first quarter worth approximately $1,865,000. Teza Capital Management LLC bought a new position in shares of Cott Corporation during the first quarter worth approximately $177,000. Finally, Gabelli Funds LLC raised its position in shares of Cott Corporation by 1.0% in the first quarter. Gabelli Funds LLC now owns 836,000 shares of the company’s stock worth $10,333,000 after buying an additional 8,400 shares in the last quarter.
Shares of Cott Corporation (NYSE:COT) traded up 0.07% during mid-day trading on Friday, reaching $15.18. The company had a trading volume of 801,309 shares. Cott Corporation has a 12 month low of $10.10 and a 12 month high of $17.31. The firm’s 50-day moving average is $14.88 and its 200 day moving average is $12.98. The company’s market capitalization is $2.11 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.10. Cott Corporation had a positive return on equity of 0.53% and a negative net margin of 3.88%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 32.5% on a year-over-year basis. On average, equities research analysts predict that Cott Corporation will post ($0.01) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, August 21st. Cott Corporation’s dividend payout ratio is presently -23.30%.
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COT has been the topic of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Cott Corporation in a report on Monday, July 10th. Zacks Investment Research lowered Cott Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 8th. BMO Capital Markets reissued a “buy” rating and set a $17.00 price objective on shares of Cott Corporation in a report on Thursday, July 27th. ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Canaccord Genuity reissued a “buy” rating and set a $19.00 price objective on shares of Cott Corporation in a report on Monday, April 17th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.75.
About Cott Corporation
Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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