ValuEngine Downgrades Cott (COT) to Hold

ValuEngine downgraded shares of Cott (NYSE:COT) (TSE:BCB) from a buy rating to a hold rating in a research note published on Wednesday morning, ValuEngine reports.

A number of other research analysts have also recently issued reports on COT. Zacks Investment Research raised Cott from a sell rating to a hold rating in a report on Thursday, February 28th. TD Securities cut Cott from an action list buy rating to a buy rating and cut their price target for the company from $20.00 to $17.00 in a report on Friday, May 3rd. Finally, Citigroup set a $17.00 price target on Cott and gave the company a buy rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $18.50.

Cott stock opened at $13.29 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.07 and a quick ratio of 0.85. Cott has a 12-month low of $13.20 and a 12-month high of $17.06. The stock has a market capitalization of $1.81 billion, a P/E ratio of 83.06 and a beta of 0.82.



Cott (NYSE:COT) (TSE:BCB) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.10). Cott had a net margin of 0.08% and a return on equity of 0.39%. The business had revenue of $574.10 million during the quarter, compared to the consensus estimate of $566.04 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that Cott will post 0.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 31st will be issued a $0.06 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.81%. Cott’s dividend payout ratio is 150.00%.

In other news, CEO Charles R. Hinson acquired 51,405 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was purchased at an average cost of $14.88 per share, for a total transaction of $764,906.40. Following the completion of the transaction, the chief executive officer now directly owns 210,116 shares in the company, valued at $3,126,526.08. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven P. Stanbrook acquired 13,500 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was purchased at an average price of $14.77 per share, with a total value of $199,395.00. Following the completion of the transaction, the director now owns 13,500 shares of the company’s stock, valued at $199,395. The disclosure for this purchase can be found here. Insiders own 3.99% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Doyle Wealth Management acquired a new stake in Cott in the fourth quarter worth about $41,000. Cutler Group LP increased its position in Cott by 39,900.0% in the fourth quarter. Cutler Group LP now owns 4,000 shares of the company’s stock worth $55,000 after purchasing an additional 3,990 shares during the period. Advisor Group Inc. increased its position in Cott by 248.4% in the first quarter. Advisor Group Inc. now owns 4,261 shares of the company’s stock worth $62,000 after purchasing an additional 3,038 shares during the period. First Hawaiian Bank increased its position in Cott by 24.5% in the fourth quarter. First Hawaiian Bank now owns 4,399 shares of the company’s stock worth $61,000 after purchasing an additional 865 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Cott in the first quarter worth about $86,000.

Cott Company Profile

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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Analyst Recommendations for Cott (NYSE:COT)

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