TD Asset Management Inc. Has $35.38 Million Position in Cott Corporation (NYSE:COT)
TD Asset Management Inc. decreased its position in shares of Cott Corporation (NYSE:COT) (TSE:BCB) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 2,453,101 shares of the company’s stock after selling 65,170 shares during the period. TD Asset Management Inc.’s holdings in Cott Corporation were worth $35,379,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of COT. Wedbush Securities Inc. bought a new position in Cott Corporation during the first quarter worth $175,000. Teza Capital Management LLC acquired a new position in Cott Corporation during the first quarter worth approximately $177,000. Parametric Portfolio Associates LLC acquired a new position in Cott Corporation during the first quarter worth approximately $180,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cott Corporation by 92.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,600 shares of the company’s stock worth $180,000 after buying an additional 7,000 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in Cott Corporation during the first quarter worth approximately $182,000.
Shares of Cott Corporation (NYSE:COT) opened at 15.47 on Thursday. Cott Corporation has a 12-month low of $10.10 and a 12-month high of $17.38. The company’s 50-day moving average price is $14.83 and its 200 day moving average price is $12.94. The firm’s market capitalization is $2.15 billion.
Cott Corporation (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. Cott Corporation had a positive return on equity of 0.53% and a negative net margin of 3.88%. The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, equities research analysts forecast that Cott Corporation will post $0.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Wednesday, August 23rd will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Monday, August 21st. Cott Corporation’s dividend payout ratio is currently -23.30%.
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COT has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price target on shares of Cott Corporation in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating on shares of Cott Corporation in a research report on Wednesday, May 3rd. Canaccord Genuity reissued a “buy” rating and set a $19.00 target price on shares of Cott Corporation in a research report on Monday, April 17th. Jefferies Group LLC boosted their target price on Cott Corporation from $12.50 to $13.50 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, ValuEngine raised Cott Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cott Corporation currently has an average rating of “Hold” and a consensus target price of $16.75.
About Cott Corporation
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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