Cott (COT) Downgraded by ValuEngine

Cott (NYSE:COT) (TSE:BCB) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Cott from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Citigroup set a $17.00 target price on shares of Cott and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, TD Securities lowered shares of Cott from an “action list buy” rating to a “buy” rating and decreased their target price for the stock from $20.00 to $17.00 in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.50.

Shares of NYSE COT opened at $13.41 on Wednesday. Cott has a 1 year low of $13.28 and a 1 year high of $17.06. The company has a market cap of $1.89 billion, a P/E ratio of 83.81 and a beta of 0.82. The company has a current ratio of 1.07, a quick ratio of 0.85 and a debt-to-equity ratio of 1.24.

Cott (NYSE:COT) (TSE:BCB) last announced its 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 return on equity of 0.39% and a net margin of 0.08%. The firm had revenue of $574.10 million for the quarter, compared to analyst estimates of $566.04 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Cott will post 0.31 earnings per share for the current year.

In related news, Director Steven P. Stanbrook purchased 13,500 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were bought at an average price of $14.77 per share, for a total transaction of $199,395.00. Following the acquisition, the director now directly owns 13,500 shares in the company, valued at $199,395. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Charles R. Hinson purchased 51,405 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was bought at an average price of $14.88 per share, for a total transaction of $764,906.40. Following the acquisition, the chief executive officer now owns 210,116 shares in the company, valued at $3,126,526.08. The disclosure for this purchase can be found here. 3.99% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in COT. Norges Bank acquired a new position in shares of Cott in the 4th quarter valued at $31,133,000. Levin Capital Strategies L.P. boosted its holdings in shares of Cott by 52.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 4,551,866 shares of the company’s stock valued at $63,453,000 after purchasing an additional 1,564,414 shares during the last quarter. Man Group plc boosted its holdings in shares of Cott by 280.0% in the 1st quarter. Man Group plc now owns 2,056,901 shares of the company’s stock valued at $30,051,000 after purchasing an additional 1,515,646 shares during the last quarter. P2 Capital Partners LLC boosted its holdings in shares of Cott by 42.4% in the 1st quarter. P2 Capital Partners LLC now owns 4,793,052 shares of the company’s stock valued at $70,026,000 after purchasing an additional 1,427,272 shares during the last quarter. Finally, Maplelane Capital LLC acquired a new position in shares of Cott in the 4th quarter valued at $15,989,000.

About Cott

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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