Cott Insider Steven Kitching Unloads 1,100 Shares (COT)
Cott (NYSE:COT) Insider Steven Kitching unloaded 1,100 shares of the stock on the open market in a transaction dated Friday, February 14th. The shares were sold at an average price of $7.99, for a total transaction of $8,789.00. Following the completion of the transaction, the insider now directly owns 99,138 shares of the company’s stock, valued at approximately $792,113. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Cott (NYSE:COT) traded up 0.37% during mid-day trading on Friday, hitting $8.03. The stock had a trading volume of 367,751 shares. Cott has a one year low of $7.39 and a one year high of $11.25. The stock has a 50-day moving average of $7.98 and a 200-day moving average of $8.10. The company has a market cap of $756.6 million and a P/E ratio of 25.08.
Cott (NYSE:COT) last announced its earnings results on Tuesday, February 11th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.01. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $493.24 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts predict that Cott will post $0.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Tuesday, March 11th will be paid a dividend of $0.0544 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, March 7th.
A number of analysts have recently weighed in on COT shares. Analysts at Janney Montgomery Scott initiated coverage on shares of Cott in a research note on Friday, December 13th. They set a “neutral” rating and a $10.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Cott in a research note 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 on Monday, November 25th. They set a “sector perform” rating and a $9.00 price target on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Cott currently has a consensus rating of “Hold” and an average target price of $10.33.
Cott Corporation (NYSE:COT) is a non-alcoholic beverage company and a retailer brand soft drink provider.
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