Great West Life Assurance Co. Can Has $327,000 Holdings in Cott Corporation (COT)

Great West Life Assurance Co. Can cut its holdings in Cott Corporation (NYSE:COT) (TSE:BCB) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,896 shares of the company’s stock after selling 67 shares during the period. Great West Life Assurance Co. Can’s holdings in Cott Corporation were worth $327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of COT. Wells Fargo & Company MN raised its holdings in Cott Corporation by 42.8% in the 1st quarter. Wells Fargo & Company MN now owns 2,150,660 shares of the company’s stock valued at $26,582,000 after acquiring an additional 645,087 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in Cott Corporation in the 1st quarter valued at $195,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cott Corporation by 92.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after acquiring an additional 7,000 shares during the last quarter. Swiss National Bank raised its holdings in Cott Corporation by 1.6% in the 1st quarter. Swiss National Bank now owns 230,200 shares of the company’s stock valued at $2,849,000 after acquiring an additional 3,600 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in Cott Corporation by 1.0% in the 1st quarter. Gabelli Funds LLC now owns 836,000 shares of the company’s stock valued at $10,333,000 after acquiring an additional 8,400 shares during the last quarter.

Several research analysts have weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $13.50 price target on shares of Cott Corporation in a report on Friday, May 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of Cott Corporation in a report on Monday, July 10th. ValuEngine upgraded Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 price target on shares of Cott Corporation in a report on Thursday, July 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $12.00 price objective on shares of Cott Corporation in a research note on Tuesday, July 25th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Cott Corporation has a consensus rating of “Hold” and a consensus target price of $16.75.

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Shares of Cott Corporation (NYSE COT) opened at 15.31 on Tuesday. The stock’s market capitalization is $2.13 billion. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $16.18. The stock’s 50 day moving average is $15.41 and its 200 day moving average is $13.65.

Cott Corporation (NYSE:COT) (TSE:BCB) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. Cott Corporation had a negative net margin of 3.88% and a positive return on equity of 0.54%. The firm’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. Analysts anticipate that Cott Corporation will post ($0.01) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd were given a $0.06 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.24 dividend on an annualized basis and a yield of 1.57%. Cott Corporation’s payout ratio is -23.30%.

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.

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

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