Cott (COT) Rating Lowered to Sell at Zacks Investment Research

Cott (NYSE:COT) (TSE:BCB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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. “

COT has been the topic of several other research reports. Jefferies Group raised Cott from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, May 10th. Scotiabank upped their target price on Cott from $18.50 to $19.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $19.00 target price (up previously from $18.00) on shares of Cott in a research report on Friday, March 2nd. ValuEngine raised Cott from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Deutsche Bank downgraded Cott from a “buy” rating to a “hold” rating and set a $17.85 target price on the stock. in a research report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.48.

Shares of NYSE COT opened at $15.83 on Monday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 226.14 and a beta of 0.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 1.54. Cott has a twelve month low of $15.60 and a twelve month high of $15.87.

Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings results on Thursday, May 3rd. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $560.80 million for the quarter, compared to the consensus estimate of $563.81 million. Cott had a return on equity of 1.79% and a net margin of 14.54%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share. analysts anticipate that Cott will post 0.21 earnings per share for the current fiscal year.

In related news, insider Jason R. Ausher sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jay Wells sold 35,000 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $15.92, for a total value of $557,200.00. Following the sale, the chief financial officer now directly owns 114,257 shares in the company, valued at approximately $1,818,971.44. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock worth $1,110,850 in the last ninety days. 3.02% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its position in Cott by 0.3% during the first quarter. Victory Capital Management Inc. now owns 2,063,239 shares of the company’s stock worth $30,371,000 after buying an additional 6,964 shares in the last quarter. Virtu Financial LLC acquired a new stake in Cott during the fourth quarter worth approximately $173,000. Quantbot Technologies LP grew its position in Cott by 43.5% during the first quarter. Quantbot Technologies LP now owns 35,491 shares of the company’s stock worth $522,000 after buying an additional 10,752 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Cott during the fourth quarter worth approximately $214,000. Finally, A.R.T. Advisors LLC grew its position in Cott by 22.8% during the first quarter. A.R.T. Advisors LLC now owns 82,900 shares of the company’s stock worth $1,220,000 after buying an additional 15,400 shares in the last quarter.

Cott Company Profile

Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's 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, beverage concentrates, and mineral water.

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