Kennedy Capital Management Inc. decreased its position in Cott Corp (NYSE:COT) (TSE:BCB) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,846 shares of the company’s stock after selling 6,038 shares during the period. Kennedy Capital Management Inc. owned about 0.12% of Cott worth $2,730,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Investors Research Corp purchased a new position in Cott in the fourth quarter valued at $338,000. Barometer Capital Management Inc. increased its holdings in Cott by 637.2% in the fourth quarter. Barometer Capital Management Inc. now owns 450,450 shares of the company’s stock valued at $7,504,000 after buying an additional 389,350 shares in the last quarter. Spark Investment Management LLC purchased a new position in Cott in the fourth quarter valued at $834,000. Brown Advisory Inc. purchased a new position in Cott in the fourth quarter valued at $214,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Cott in the fourth quarter valued at $1,436,000.
Several analysts have recently issued reports on COT shares. Scotiabank dropped their target price on shares of Cott from $19.00 to $17.50 and set a “sector perform” rating on the stock in a research report on Friday, March 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $19.00 target price (up previously from $18.00) on shares of Cott in a research report on Friday, March 2nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.25.
Shares of Cott Corp (NYSE:COT) opened at $15.36 on Wednesday. Cott Corp has a 52-week low of $11.58 and a 52-week high of $17.77. The stock has a market cap of $2,171.26, a PE ratio of -768.00 and a beta of 0.85. 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 (NYSE:COT) (TSE:BCB) last announced its earnings results on Thursday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Cott had a negative net margin of 0.05% and a positive return on equity of 0.23%. The business had revenue of $571.30 million for the quarter, compared to analyst estimates of $617.21 million. During the same quarter last year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. sell-side analysts forecast that Cott Corp will post 0.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 1.56%. Cott’s payout ratio is presently -1,200.00%.
Cott Company Profile
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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