Pinnacle Associates Ltd. continued to hold its position in Cott Corporation (NYSE:COT) (TSE:BCB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,700 shares of the company’s stock at the end of the second quarter. Pinnacle Associates Ltd.’s holdings in Cott Corporation were worth $328,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new position in shares of Cott Corporation in the 2nd quarter worth about $145,000. Wedbush Securities Inc. purchased a new position in shares of Cott Corporation in the 1st quarter worth about $175,000. Teza Capital Management LLC purchased a new position in shares of Cott Corporation in the 1st quarter worth about $177,000. Parametric Portfolio Associates LLC purchased a new position in shares of Cott Corporation in the 1st quarter worth about $180,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cott Corporation by 92.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock worth $180,000 after purchasing an additional 7,000 shares during the period.
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Shares of Cott Corporation (COT) opened at 15.41 on Friday. Cott Corporation has a one year low of $10.10 and a one year high of $16.18. The stock’s market capitalization is $2.14 billion. The company’s 50 day moving average price is $15.39 and its 200 day moving average price is $13.61.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $984.75 million. Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The business’s revenue was up 32.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, equities analysts expect that Cott Corporation will post ($0.01) earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.24 annualized dividend and a dividend yield of 1.56%. Cott Corporation’s dividend payout ratio (DPR) is presently -23.30%.
A number of equities analysts have recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $12.00 price objective on shares of Cott Corporation in a report on Tuesday, July 25th. BMO Capital Markets upgraded Cott Corporation from a “market perform” rating to an “outperform” rating and raised their target price for the company from $15.00 to $17.00 in a report on Wednesday, June 7th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “hold” rating and set a $13.50 target price on shares of Cott Corporation in a report on Friday, May 19th. ValuEngine upgraded Cott Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Cott Corporation in a report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cott Corporation presently has an average 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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