Cott Corporation (NYSE:COT) (TSE:BCB) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “Cott Corporation is one of the world’s largest non-alcoholic beverage companies and the world’s largest retailer brand soft drink provider. The Company commercializes its business in over Sixty countries worldwide, with its principal markets being the United States, Canada, the United Kingdom and Mexico. Cott markets or supplies over two hundred retailer and licensed brands, and Company-owned brands including Cott, RC, Vintage, Vess and So Clear. Its products include carbonated soft drinks, sparkling and flavored waters, energy drinks, sports drinks, juices, juice drinks and smoothies, ready-to-drink teas, and other non-carbonated beverages. “
Other research analysts also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Cott Corporation in a report on Friday, September 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Cott Corporation in a report on Thursday, July 27th. Jefferies Group LLC raised their price objective on shares of Cott Corporation from $14.00 to $14.25 and gave the stock a “hold” rating in a report on Thursday, July 6th. ValuEngine raised shares of Cott Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Cott Corporation in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.75.
Shares of Cott Corporation (NYSE:COT) opened at 14.96 on Wednesday. The stock has a 50 day moving average of $15.38 and a 200-day moving average of $13.86. Cott Corporation has a 52-week low of $10.10 and a 52-week high of $16.18. The firm’s market capitalization is $2.08 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.10). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $984.75 million. Cott Corporation had a positive return on equity of 0.54% and a negative net margin of 3.88%. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. Equities analysts expect that Cott Corporation will post ($0.01) earnings per share for the current fiscal year.
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In other Cott Corporation news, CAO Jason R. Ausher sold 5,800 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $15.35, for a total value of $89,030.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,770 shares of the company’s stock, valued at approximately $318,819.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory R. Monahan sold 8,500 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $15.30, for a total transaction of $130,050.00. Following the completion of the transaction, the director now directly owns 115,666 shares of the company’s stock, valued at $1,769,689.80. The disclosure for this sale can be found here. 2.06% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in COT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cott Corporation by 92.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock valued at $180,000 after purchasing an additional 7,000 shares during the period. Swiss National Bank boosted its holdings in Cott Corporation by 1.6% in the 1st quarter. Swiss National Bank now owns 230,200 shares of the company’s stock valued at $2,849,000 after purchasing an additional 3,600 shares during the period. Karp Capital Management Corp bought a new position in Cott Corporation in the 1st quarter valued at $1,865,000. Parametric Portfolio Associates LLC bought a new position in Cott Corporation in the 1st quarter valued at $180,000. Finally, Oxford Asset Management bought a new position in Cott Corporation in the 1st quarter valued at $954,000.
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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