Cott Corp (COT) Stake Raised by Eagle Asset Management Inc.

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Eagle Asset Management Inc. lifted its holdings in Cott Corp (NYSE:COT) (TSE:BCB) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 845,806 shares of the company’s stock after purchasing an additional 18,094 shares during the period. Eagle Asset Management Inc.’s holdings in Cott were worth $12,357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of COT. Dimensional Fund Advisors LP increased its holdings in Cott by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 901,229 shares of the company’s stock worth $14,555,000 after buying an additional 5,781 shares during the last quarter. TIAA CREF Investment Management LLC acquired a new position in Cott during the third quarter worth $6,254,000. Vanguard Group Inc. increased its holdings in Cott by 2.7% during the third quarter. Vanguard Group Inc. now owns 3,294,879 shares of the company’s stock worth $53,211,000 after buying an additional 85,590 shares during the last quarter. Vanguard Group Inc increased its holdings in Cott by 2.7% during the third quarter. Vanguard Group Inc now owns 3,294,879 shares of the company’s stock worth $53,211,000 after buying an additional 85,590 shares during the last quarter. Finally, First Hawaiian Bank increased its holdings in Cott by 24.5% during the fourth quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock worth $61,000 after buying an additional 865 shares during the last quarter.

A number of equities analysts recently weighed in on COT shares. ValuEngine downgraded shares of Cott from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Zacks Investment Research downgraded shares of Cott from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Citigroup set a $17.00 target price on shares of Cott and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, TD Securities cut shares of Cott from an “action list buy” rating to a “buy” rating and reduced their price objective for the stock from $20.00 to $17.00 in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.50.

In related news, CEO Charles R. Hinson acquired 51,405 shares of Cott stock in a transaction on Tuesday, February 26th. The stock was purchased at an average cost of $14.88 per share, with a total value of $764,906.40. Following the completion of the transaction, the chief executive officer now directly owns 210,116 shares in the company, valued at approximately $3,126,526.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven P. Stanbrook acquired 13,500 shares of Cott stock in a transaction on Tuesday, February 26th. The shares were bought at an average cost of $14.77 per share, with a total value of $199,395.00. Following the completion of the transaction, the director now owns 13,500 shares of the company’s stock, valued at $199,395. The disclosure for this purchase can be found here. Insiders own 3.99% of the company’s stock.

COT stock opened at $14.10 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.13 and a quick ratio of 0.90. Cott Corp has a one year low of $13.34 and a one year high of $17.06. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 88.13 and a beta of 0.82.

Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.10). Cott had a return on equity of 0.38% and a net margin of 0.08%. The company had revenue of $574.10 million for the quarter, compared to the consensus estimate of $566.04 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cott Corp will post 0.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.70%. Cott’s dividend payout ratio (DPR) is 150.00%.

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Cott Profile

Cott Corporation, together with its subsidiaries, operates as a route based service company in the United States, the United Kingdom, Canada, and internationally. The company operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. Its product portfolio includes bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, specialty coffee, liquid coffee or tea concentrate, single cup coffee, cold brewed coffee, iced blend coffee or tea beverages, blended teas, hot tea, sparkling tea, coffee or tea extract solutions, filtration equipment, hot chocolate, soups, malt drinks, creamers/whiteners, cereals, and beverage concentrates, as well as premium spring, sparkling and flavored, and mineral water.

Further Reading: Oversold

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Institutional Ownership by Quarter for Cott (NYSE:COT)

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