Insider Selling: Cott (COT) CFO Sells 35,000 Shares of Stock

Cott (NYSE:COT) (TSE:BCB) CFO Jay Wells sold 35,000 shares of Cott stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $15.92, for a total value of $557,200.00. Following the transaction, the chief financial officer now directly owns 114,257 shares in the company, valued at $1,818,971.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of COT stock traded down $0.17 during mid-day trading on Monday, hitting $14.55. The company’s stock had a trading volume of 941,241 shares, compared to its average volume of 1,039,651. Cott has a 52 week low of $11.94 and a 52 week high of $17.77. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.74. The firm has a market cap of $2,063.01, a PE ratio of 1,472.00 and a beta of 0.80.

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Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Cott had a positive return on equity of 0.23% and a negative net margin of 0.05%. The firm had revenue of $571.30 million during the quarter, compared to analyst estimates of $617.21 million. During the same period last year, the company posted $0.01 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. analysts forecast that Cott will post 0.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Tuesday, March 13th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, March 12th. Cott’s dividend payout ratio (DPR) is presently 342.86%.

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Cott in the 4th quarter valued at about $173,000. Brown Advisory Inc. bought a new stake in Cott in the 4th quarter valued at about $214,000. Investors Research Corp bought a new stake in Cott in the 4th quarter valued at about $338,000. Cubist Systematic Strategies LLC increased its position in Cott by 38.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 20,805 shares of the company’s stock valued at $312,000 after buying an additional 5,731 shares in the last quarter. Finally, Sciencast Management LP bought a new stake in Cott in the 4th quarter valued at about $438,000.

COT has been the topic of several recent research reports. Scotiabank set a $18.50 target price on Cott and gave the stock a “sector perform” rating in a report on Tuesday, January 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $19.00 target price (up from $18.00) on shares of Cott in a report on Friday, March 2nd. Finally, Deutsche Bank downgraded Cott from a “buy” rating to a “hold” rating and set a $17.85 target price on the stock. in a report on Monday, March 26th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cott currently has a consensus rating of “Hold” and an average price target of $17.33.

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About Cott

Cott Corporation, together with its subsidiaries, operates as a route based service company in North America and Europe. It operates in three segments: Route Based Services; Coffee, Tea and Extract Solutions; and All Other. The company's 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, beverage concentrates, and mineral water.

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