CIBC World Markets Inc. Decreases Stake in Cott Corp (COT)

CIBC World Markets Inc. lessened its position in Cott Corp (NYSE:COT) (TSE:BCB) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 625,892 shares of the company’s stock after selling 42,057 shares during the quarter. CIBC World Markets Inc.’s holdings in Cott were worth $10,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its position in shares of Cott by 11.1% in the second quarter. Baird Financial Group Inc. now owns 35,212 shares of the company’s stock valued at $583,000 after acquiring an additional 3,505 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Cott by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 134,836 shares of the company’s stock valued at $2,231,000 after acquiring an additional 3,880 shares in the last quarter. US Bancorp DE increased its holdings in shares of Cott by 206.9% in the second quarter. US Bancorp DE now owns 6,758 shares of the company’s stock valued at $112,000 after purchasing an additional 4,556 shares during the last quarter. Verition Fund Management LLC increased its holdings in shares of Cott by 67.8% in the second quarter. Verition Fund Management LLC now owns 18,120 shares of the company’s stock valued at $300,000 after purchasing an additional 7,320 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Cott in the third quarter valued at approximately $161,000.

NYSE:COT opened at $14.75 on Friday. Cott Corp has a one year low of $13.99 and a one year high of $17.77. The company has a quick ratio of 1.13, a current ratio of 1.42 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.01 billion, a P/E ratio of 97.20 and a beta of 0.81.

Cott (NYSE:COT) (TSE:BCB) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.08). Cott had a net margin of 17.03% and a return on equity of 1.77%. The company had revenue of $609.30 million during the quarter, compared to analyst estimates of $603.37 million. During the same period in the prior year, the business posted $0.30 EPS. Cott’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Cott Corp will post 0.24 earnings per share for the current year.

Several equities research analysts recently commented on COT shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Cott in a report on Thursday, August 2nd. Zacks Investment Research raised Cott from a “sell” rating to a “hold” rating in a report on Monday, August 6th. TD Securities started coverage on Cott in a report on Friday, August 17th. They issued a “buy” rating for the company. Citigroup set a $19.00 price target on Cott and gave the company a “buy” rating in a report on Friday, November 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $20.00 price target on shares of Cott in a report on Tuesday, November 13th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.76.

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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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Institutional Ownership by Quarter for Cott (NYSE:COT)

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