Scotia Capital Inc. trimmed its holdings in Cott Corp (NYSE:COT) (TSE:BCB) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,930 shares of the company’s stock after selling 7,070 shares during the period. Scotia Capital Inc.’s holdings in Cott were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its stake in shares of Cott by 0.4% in the third quarter. Mackenzie Financial Corp now owns 1,107,157 shares of the company’s stock valued at $16,618,000 after buying an additional 4,299 shares in the last quarter. Swiss National Bank raised its holdings in shares of Cott by 1.9% in the third quarter. Swiss National Bank now owns 234,500 shares of the company’s stock valued at $3,517,000 after purchasing an additional 4,300 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Cott by 38.0% in the third quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock valued at $312,000 after purchasing an additional 5,731 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Cott by 2.9% in the third quarter. Nordea Investment Management AB now owns 251,900 shares of the company’s stock valued at $3,781,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Cott in the fourth quarter valued at about $173,000.
In other Cott news, VP Marni Morgan Poe sold 30,000 shares of Cott stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $15.84, for a total transaction of $475,200.00. Following the completion of the sale, the vice president now directly owns 130,864 shares in the company, valued at $2,072,885.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason R. Ausher sold 5,000 shares of Cott stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $15.69, for a total transaction of $78,450.00. Following the sale, the insider now owns 19,681 shares of the company’s stock, valued at $308,794.89. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $1,110,850 in the last quarter. Company insiders own 2.06% of the company’s stock.
Cott Corp (COT) traded up $0.04 during midday trading on Tuesday, reaching $15.29. 302,641 shares of the company were exchanged, compared to its average volume of 1,024,851. Cott Corp has a 1-year low of $11.90 and a 1-year high of $17.77. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.00 and a quick ratio of 0.86. The stock has a market capitalization of $2,132.04, a P/E ratio of -762.50 and a beta of 0.85.
Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 negative net margin of 0.05% and a positive return on equity of 0.23%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. research analysts predict that Cott Corp will post 0.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Tuesday, March 13th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, March 12th. This represents a $0.24 dividend on an annualized basis and a yield of 1.57%. Cott’s dividend 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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