Cott Corp. Declares Quarterly Dividend of $0.06 (cot)
Cott Corp. (NYSE:cot) (TSE:BCB) announced a quarterly dividend on Tuesday, November 15th. Shareholders of record on Monday, November 28th will be paid a dividend of 0.06 per share on Thursday, December 8th. This represents a $0.24 annualized dividend and a yield of 1.95%. The ex-dividend date is Wednesday, November 23rd.
Shares of Cott Corp. (NYSE:COT) opened at 12.33 on Wednesday. The firm has a 50-day moving average of $13.68 and a 200 day moving average of $14.72. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 324.47 and a beta of 0.70. Cott Corp. has a 52 week low of $9.07 and a 52 week high of $17.38.
Cott Corp. (NYSE:COT) last posted its quarterly earnings data on Thursday, November 10th. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. Cott Corp. had a negative net margin of 0.09% and a positive return on equity of 4.41%. The company had revenue of $885.10 million for the quarter, compared to analyst estimates of $873.94 million. During the same period in the prior year, the firm posted $0.09 EPS. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts predict that Cott Corp. will post $0.23 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Jefferies Group upped their price objective on shares of Cott Corp. from $15.50 to $17.50 and gave the company a “hold” rating in a research note on Friday, August 19th. Credit Suisse Group AG set a $19.00 price objective on shares of Cott Corp. and gave the company a “buy” rating in a research note on Friday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 target price on shares of Cott Corp. in a research note on Wednesday, August 24th. Deutsche Bank AG increased their target price on shares of Cott Corp. from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $23.00 target price on shares of Cott Corp. in a research note on Friday, August 5th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.20.
In other news, Director Eric Rosenfeld sold 19,582 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $17.07, for a total value of $334,264.74. Following the completion of the sale, the director now owns 390,065 shares in the company, valued at $6,658,409.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.19% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Teachers Advisors Inc. raised its position in Cott Corp. by 110.2% in the second quarter. Teachers Advisors Inc. now owns 2,381,637 shares of the company’s stock valued at $33,248,000 after buying an additional 1,248,548 shares during the last quarter. 1832 Asset Management L.P. bought a new position in Cott Corp. during the second quarter valued at $22,703,000. TIAA CREF Investment Management LLC bought a new position in Cott Corp. during the second quarter valued at $9,192,000. The Manufacturers Life Insurance Company bought a new position in Cott Corp. during the third quarter valued at $7,285,000. Finally, Vanguard Group Inc. raised its position in Cott Corp. by 24.2% in the second quarter. Vanguard Group Inc. now owns 2,234,255 shares of the company’s stock valued at $31,191,000 after buying an additional 435,355 shares during the last quarter.
About Cott Corp.
Cott Corporation, along with its subsidiaries, is engaged in production of beverages on behalf of retailers, brand owners and distributors. The Company operates through four segments: DSS; Cott North America; Cott United Kingdom (Cott U.K.), and All Other, which includes its Mexico segment, Royal Crown International (RCI) segment and other miscellaneous expenses.
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