Two Sigma Investments LP increased its holdings in Cott Corp (NYSE:COT) (TSE:BCB) by 5,415.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,993,212 shares of the company’s stock after buying an additional 1,957,075 shares during the quarter. Two Sigma Investments LP owned about 1.43% of Cott worth $33,209,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its holdings in Cott by 24.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 183,410 shares of the company’s stock worth $2,744,000 after buying an additional 36,200 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Cott in the 3rd quarter worth about $1,750,000. Jones Collombin Investment Counsel Inc increased its holdings in Cott by 29.6% in the 4th quarter. Jones Collombin Investment Counsel Inc now owns 468,230 shares of the company’s stock worth $7,814,000 after buying an additional 106,980 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Cott by 140.0% in the 3rd quarter. GSA Capital Partners LLP now owns 81,265 shares of the company’s stock worth $1,220,000 after buying an additional 47,410 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new stake in Cott in the 4th quarter worth about $596,000.
In other Cott news, CFO Jay Wells sold 35,000 shares of the business’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 directly owns 114,257 shares in the company, valued at approximately $1,818,971.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Marni Morgan Poe sold 30,000 shares of the business’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 of the company’s stock, valued at $2,072,885.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,000 shares of company stock valued at $1,110,850. Corporate insiders own 2.06% of the company’s stock.
Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. The business had revenue of $571.30 million during the quarter, compared to the consensus estimate of $617.21 million. Cott had a positive return on equity of 0.23% and a negative net margin of 0.05%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. equities research analysts anticipate that Cott Corp will post 0.24 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th will be paid 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 dividend yield of 1.56%. Cott’s dividend payout ratio is currently -1,200.00%.
Several equities research analysts recently commented on COT shares. BMO Capital Markets reiterated an “outperform” rating and issued a $19.00 price objective (up from $18.00) on shares of Cott in a report on Friday, March 2nd. Scotiabank reduced their price objective on Cott from $19.00 to $17.50 and set a “sector perform” rating for the company in a report on Friday, March 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.25.
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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