Symons Capital Management Inc. Has $354,000 Stock Holdings in Cott Corp (NYSE:COT)

Symons Capital Management Inc. trimmed its position in Cott Corp (NYSE:COT) (TSE:BCB) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,338 shares of the company’s stock after selling 860 shares during the quarter. Symons Capital Management Inc.’s holdings in Cott were worth $354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential PLC lifted its position in shares of Cott by 3.1% during the 2nd quarter. Prudential PLC now owns 1,080,500 shares of the company’s stock valued at $14,425,000 after acquiring an additional 32,900 shares during the period. Doyle Wealth Management bought a new stake in shares of Cott during the 2nd quarter valued at $39,000. Nuveen Asset Management LLC bought a new stake in shares of Cott during the 2nd quarter valued at $17,444,000. Stevens Capital Management LP bought a new stake in shares of Cott during the 2nd quarter valued at $234,000. Finally, CIBC Asset Management Inc lifted its position in shares of Cott by 3.4% during the 2nd quarter. CIBC Asset Management Inc now owns 79,348 shares of the company’s stock valued at $1,059,000 after acquiring an additional 2,638 shares during the period.

Shares of COT stock traded up $0.02 on Friday, hitting $12.66. 1,654,032 shares of the company’s stock were exchanged, compared to its average volume of 1,067,390. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.01 and a quick ratio of 0.78. Cott Corp has a 12 month low of $11.72 and a 12 month high of $15.96. The stock has a market cap of $1.76 billion, a P/E ratio of 79.13 and a beta of 0.90. The company has a 50 day moving average of $12.70 and a 200 day moving average of $13.11.

Cott (NYSE:COT) (TSE:BCB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.06 earnings per share for the quarter, missing the 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 business had revenue of $616.10 million for the quarter, compared to the consensus estimate of $620.54 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. Cott’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Cott Corp will post 0.34 EPS for the current fiscal year.

The firm 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 dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.90%. Cott’s dividend payout ratio is currently 150.00%.

COT has been the subject of a number of recent analyst reports. TD Securities upped their target price on Cott from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $20.00 target price on shares of Cott in a research report on Friday, August 9th. Goldman Sachs Group upgraded Cott from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, July 23rd. Finally, Zacks Investment Research upgraded Cott from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.33.

In other Cott news, CEO Thomas Harrington acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $12.49 per share, for a total transaction of $312,250.00. Following the transaction, the chief executive officer now directly owns 124,920 shares in the company, valued at $1,560,250.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Rosenfeld bought 80,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $12.38 per share, with a total value of $990,400.00. Following the completion of the transaction, the director now directly owns 415,478 shares of the company’s stock, valued at approximately $5,143,617.64. The disclosure for this purchase can be found here. 3.99% of the stock is owned by corporate insiders.

Cott 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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Institutional Ownership by Quarter for Cott (NYSE:COT)

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