Insider Selling: Gregory Leiter Sells 12,000 Shares of Cott Stock (COT)
Cott (NYSE:COT) VP Gregory Leiter sold 12,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $7.37, for a total value of $88,440.00. Following the completion of the transaction, the vice president now directly owns 70,236 shares of the company’s stock, valued at approximately $517,639. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cott (NYSE:COT) traded down 2.52% during mid-day trading on Friday, hitting $7.35. The stock had a trading volume of 569,644 shares. Cott has a 52-week low of $6.60 and a 52-week high of $8.74. The stock has a 50-day moving average of $7.12 and a 200-day moving average of $7.57. The company’s market cap is $689.0 million.
Cott (NYSE:COT) last released its 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 declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, August 26th.
A number of research firms have recently commented on COT. 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus 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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