Cott (COT) PT Lowered to $17.50
COT has been the topic of several other research reports. BMO Capital Markets reissued an outperform rating and issued a $19.00 price objective (up previously from $18.00) on shares of Cott in a research note on Friday. Credit Suisse Group increased their price objective on Cott from $17.00 to $18.00 and gave the stock an outperform rating in a research note on Friday, November 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $17.25.
Shares of Cott (NYSE:COT) traded up $0.18 during midday trading on Friday, hitting $15.79. The stock had a trading volume of 1,735,042 shares, compared to its average volume of 1,135,078. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.01. Cott has a 12-month low of $10.45 and a 12-month high of $17.77. The stock has a market capitalization of $2,186.67, a P/E ratio of -789.50 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Tuesday, March 13th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.24 annualized dividend and a yield of 1.52%. Cott’s dividend payout ratio (DPR) is currently -1,200.00%.
A number of large investors have recently made changes to their positions in COT. Vanguard Group Inc. grew its stake in Cott by 4.5% in the second quarter. Vanguard Group Inc. now owns 2,804,428 shares of the company’s stock worth $40,495,000 after purchasing an additional 120,040 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Cott by 23.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 601,216 shares of the company’s stock valued at $8,682,000 after acquiring an additional 112,470 shares in the last quarter. Shell Asset Management Co. boosted its position in Cott by 78.2% during the 3rd quarter. Shell Asset Management Co. now owns 23,584 shares of the company’s stock valued at $181,000 after acquiring an additional 10,353 shares in the last quarter. Aperio Group LLC boosted its position in Cott by 30.5% during the 3rd quarter. Aperio Group LLC now owns 201,143 shares of the company’s stock valued at $3,019,000 after acquiring an additional 47,042 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Cott by 0.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,041,776 shares of the company’s stock valued at $30,647,000 after acquiring an additional 14,740 shares in the last quarter.
Cott Company 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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