Insider Selling: Betty Jane Hess Unloads 8,719 Shares of Cott Stock (COT)
Cott (NYSE:COT) Director Betty Jane Hess sold 8,719 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The stock was sold at an average price of $7.09, for a total transaction of $61,817.71. Following the completion of the transaction, the director now directly owns 68,036 shares of the company’s stock, valued at approximately $482,375. The sale 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 Jefferies Group initiated coverage on shares of Cott in a research note on Monday, June 9th. They set a “hold” rating and a $7.80 price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of Cott to $8.00 in a research note on Friday, May 9th. Finally, analysts at Deutsche Bank cut their price target on shares of Cott from C$11.00 to C$10.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Cott presently has an average rating of “Hold” and an average price target of $8.69.
Shares of Cott (NYSE:COT) traded down 0.14% on Monday, hitting $7.10. The stock had a trading volume of 252,614 shares. Cott has a 52-week low of $6.78 and a 52-week high of $8.84. The stock’s 50-day moving average is $7.37 and its 200-day moving average is $7.92. The company has a market cap of $669.7 million and a price-to-earnings ratio of 51.15.
Cott (NYSE:COT) last released its earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.05. The company had revenue of $475.00 million for the quarter, compared to the consensus estimate of $490.48 million. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Analysts expect that Cott will post $0.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Friday, June 6th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, June 4th.
Cott Corporation (NYSE:COT) is a producers of beverages on behalf of retailers, brand owners and distributors.
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