Thompson Siegel & Walmsley LLC Has $10.88 Million Position in Cott Corporation (COT)
Thompson Siegel & Walmsley LLC increased its position in shares of Cott Corporation (NYSE:COT) (TSE:BCB) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 724,800 shares of the company’s stock after buying an additional 40,400 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.52% of Cott Corporation worth $10,879,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. First Mercantile Trust Co. purchased a new stake in Cott Corporation during the 2nd quarter worth $145,000. Pacad Investment Ltd. purchased a new stake in Cott Corporation during the 2nd quarter worth $181,000. Verition Fund Management LLC purchased a new stake in Cott Corporation during the 2nd quarter worth $200,000. Parametric Portfolio Associates LLC bought a new stake in shares of Cott Corporation in the 1st quarter worth about $180,000. Finally, Eqis Capital Management Inc. increased its position in shares of Cott Corporation by 28.7% in the 2nd quarter. Eqis Capital Management Inc. now owns 20,339 shares of the company’s stock worth $294,000 after purchasing an additional 4,534 shares during the last quarter.
Several equities research analysts have recently weighed in on COT shares. BMO Capital Markets boosted their target price on shares of Cott Corporation from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Cott Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. Canaccord Genuity reissued a “buy” rating and issued a $20.00 target price on shares of Cott Corporation in a research report on Friday, October 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 target price on shares of Cott Corporation in a research report on Friday, September 15th. Finally, Credit Suisse Group boosted their target price on shares of Cott Corporation from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.04.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its earnings results on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.08). The company had revenue of $995.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Cott Corporation had a positive return on equity of 0.09% and a negative net margin of 2.86%. Cott Corporation’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 EPS. research analysts expect that Cott Corporation will post 0.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 28th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, November 27th. Cott Corporation’s payout ratio is currently -34.29%.
In other news, CAO Jason R. Ausher sold 5,800 shares of Cott Corporation stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory R. Monahan sold 8,500 shares of Cott Corporation stock in a transaction dated 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 currently owned by insiders.
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Cott Corporation 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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