Cramer Rosenthal Mcglynn LLC lowered its stake in shares of Cott Corp (NYSE:COT) (TSE:BCB) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,995,187 shares of the company’s stock after selling 42,505 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 1.43% of Cott worth $33,240,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in COT. Renaissance Technologies LLC raised its holdings in shares of Cott by 349.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,475,003 shares of the company’s stock valued at $24,575,000 after purchasing an additional 1,146,784 shares during the period. Deutsche Bank AG raised its holdings in shares of Cott by 272.3% during the fourth quarter. Deutsche Bank AG now owns 1,199,333 shares of the company’s stock valued at $19,980,000 after purchasing an additional 877,149 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Cott by 13.2% during the fourth quarter. Alliancebernstein L.P. now owns 6,144,469 shares of the company’s stock valued at $102,367,000 after purchasing an additional 715,105 shares during the period. Shellback Capital LP acquired a new position in shares of Cott during the fourth quarter valued at about $11,662,000. Finally, Barometer Capital Management Inc. raised its holdings in shares of Cott by 637.2% during the fourth quarter. Barometer Capital Management Inc. now owns 450,450 shares of the company’s stock valued at $7,504,000 after purchasing an additional 389,350 shares during the period.
Shares of Cott Corp (COT) opened at $15.50 on Tuesday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.00 and a quick ratio of 0.86. Cott Corp has a fifty-two week low of $11.58 and a fifty-two week high of $17.77. The firm has a market cap of $2,209.08, a PE ratio of 1,577.00 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th will be issued a $0.06 dividend. The ex-dividend date is Monday, March 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.55%. Cott’s dividend payout ratio is presently -1,200.00%.
In related news, VP Marni Morgan Poe sold 30,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $15.84, for a total value of $475,200.00. Following the sale, the vice president now owns 130,864 shares in the company, valued at approximately $2,072,885.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jay Wells sold 35,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $15.92, for a total transaction of $557,200.00. Following the completion of the sale, the chief financial officer now owns 114,257 shares in the company, valued at approximately $1,818,971.44. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $1,110,850 in the last 90 days. 2.06% of the stock is currently owned by company insiders.
Several brokerages have recently weighed in on COT. Scotiabank set a $18.50 price objective on shares of Cott and gave the company a “sector perform” rating in a report on Tuesday, January 16th. BMO Capital Markets reiterated an “outperform” rating and set a $19.00 price objective (up previously from $18.00) on shares of Cott in a report on Friday, March 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.25.
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Cott Corp is a Canada-based company, which along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through five operating segments: Water & Coffee Solutions; Cott North America; Cott United Kingdom (Cott U.K.), Royal Crown International (RCI) and Mexico.
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