Trellus Management Company LLC reduced its position in shares of Cott Corporation (NYSE:COT) (TSE:BCB) by 20.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the company’s stock after selling 26,489 shares during the period. Cott Corporation comprises about 2.1% of Trellus Management Company LLC’s investment portfolio, making the stock its 10th largest position. Trellus Management Company LLC owned approximately 0.07% of Cott Corporation worth $1,444,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in COT. Teza Capital Management LLC acquired a new stake in Cott Corporation during the first quarter worth $177,000. Gabelli Funds LLC increased its stake in Cott Corporation by 1.0% in the first quarter. Gabelli Funds LLC now owns 836,000 shares of the company’s stock worth $10,333,000 after buying an additional 8,400 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Cott Corporation by 6.3% in the first quarter. Gamco Investors INC. ET AL now owns 900,700 shares of the company’s stock worth $11,133,000 after buying an additional 53,000 shares during the last quarter. Swiss National Bank increased its stake in Cott Corporation by 1.6% in the first quarter. Swiss National Bank now owns 230,200 shares of the company’s stock worth $2,849,000 after buying an additional 3,600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock worth $180,000 after buying an additional 7,000 shares during the last quarter.
Cott Corporation (NYSE:COT) opened at 15.43 on Tuesday. The company has a 50-day moving average of $14.92 and a 200-day moving average of $13.04. Cott Corporation has a 52 week low of $10.10 and a 52 week high of $17.31. The company’s market capitalization is $2.15 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last posted its earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.10. Cott Corporation had a positive return on equity of 0.53% and a negative net margin of 3.88%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 32.5% compared to the same quarter last year. On average, equities research analysts anticipate that Cott Corporation will post ($0.01) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 23rd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.56%. The ex-dividend date is Monday, August 21st. Cott Corporation’s dividend payout ratio is presently -23.30%.
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A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $12.00 price target on shares of Cott Corporation in a research report on Tuesday, July 25th. BMO Capital Markets lifted their price target on shares of Cott Corporation from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of Cott Corporation in a research report on Thursday, August 10th. ValuEngine upgraded shares of Cott Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $14.00 price target (up from $13.50) on shares of Cott Corporation in a research report on Monday, June 12th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cott Corporation currently has a consensus rating of “Hold” and an average price target of $16.75.
About Cott Corporation
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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