Cott (NYSE:COT) Sees Strong Trading Volume

Shares of Cott Corp (NYSE:COT) (TSE:BCB) saw unusually-high trading volume on Monday . Approximately 756,743 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 1,041,191 shares.The stock last traded at $13.39 and had previously closed at $13.37.

Several analysts recently commented on the company. TD Securities raised their price objective on Cott from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research raised Cott from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Cott in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cott currently has a consensus rating of “Buy” and a consensus price target of $18.00.

The stock has a market cap of $1.80 billion, a P/E ratio of 85.75 and a beta of 0.89. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.05 and a quick ratio of 0.83. The stock’s 50 day simple moving average is $12.93 and its two-hundred day simple moving average is $12.93.

Cott (NYSE:COT) (TSE:BCB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.10). Cott had a negative return on equity of 0.27% and a negative net margin of 0.19%. The company had revenue of $616.10 million for the quarter, compared to the consensus estimate of $620.54 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that Cott Corp will post 0.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Tuesday, November 26th will be given a $0.06 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.24 annualized dividend and a yield of 1.75%. Cott’s dividend payout ratio is currently 150.00%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Doyle Wealth Management acquired a new position in Cott during the 2nd quarter worth approximately $39,000. Cutler Group LP acquired a new position in Cott during the second quarter worth $73,000. Tower Research Capital LLC TRC boosted its holdings in Cott by 137.4% during the third quarter. Tower Research Capital LLC TRC now owns 7,403 shares of the company’s stock worth $93,000 after purchasing an additional 4,285 shares during the last quarter. Atria Investments LLC acquired a new position in Cott during the second quarter worth $122,000. Finally, Paloma Partners Management Co bought a new position in Cott in the second quarter valued at $137,000.

About Cott (NYSE:COT)

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.

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