Cott Director Betty Jane Hess Unloads 13,527 Shares (COT)
Cott (NYSE:COT) Director Betty Jane Hess sold 13,527 shares of Cott stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $7.39, for a total transaction of $99,964.53. Following the completion of the transaction, the director now directly owns 54,509 shares of the company’s stock, valued at approximately $402,822. The sale was disclosed in a filing with the SEC, which is available at this link.
Cott (NYSE:COT) traded up 2.70% during mid-day trading on Tuesday, hitting $7.60. The stock had a trading volume of 997,287 shares. Cott has a one year low of $6.60 and a one year high of $8.74. The stock has a 50-day moving average of $7.09 and a 200-day moving average of $7.5. The company’s market cap is $712.4 million.
Cott (NYSE:COT) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. The company had revenue of $550.90 million for the quarter, compared to the consensus estimate of $552.98 million. During the same quarter last year, the company posted $0.20 earnings per share. Cott’s revenue was down 2.3% compared to the same quarter last year. Analysts expect that Cott will post $0.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, August 26th.
A number of analysts have recently weighed in on COT shares. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Cott in a research note on Friday, August 1st. They now have a $8.50 price target on the stock, up previously from $8.25. 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. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Cott presently has an average rating of “Hold” and an average target price of $8.73.
Cott Corporation (NYSE:COT) is a producers of beverages on behalf of retailers, brand owners and distributors.
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