Insider Selling: Steven Kitching Sells 1,125 Shares of Cott Stock (COT)
Cott (NYSE:COT) Insider Steven Kitching unloaded 1,125 shares of Cott stock on the open market in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.91, for a total transaction of $8,898.75. Following the completion of the sale, the insider now directly owns 87,738 shares in the company, valued at approximately $694,008. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott initiated coverage on shares of Cott in a research note to investors on Friday, December 13th. They set a “neutral” rating and a $10.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Cott in a research note to investors on Wednesday, December 11th. They set a “neutral” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Cott in a research note to investors on Monday, November 25th. They set a “sector perform” rating and a $9.00 price target on the stock. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cott currently has a consensus rating of “Hold” and a consensus price target of $10.21.
Cott (NYSE:COT) last released its earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.02. The company had revenue of $543.00 million for the quarter, compared to the consensus estimate of $562.93 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis.
Cott Corporation (NYSE:COT) is a non-alcoholic beverage company and a retailer brand soft drink provider.
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