Sentiment Change Report: Cott Corp (NYSE:COT)

January 23, 2018 - By Darrin Black

Sentiment for Cott Corp (NYSE:COT)

Cott Corp (NYSE:COT) institutional sentiment increased to 1.42 in 2017 Q3. Its up 0.56, from 0.86 in 2017Q2. The ratio has increased, as 61 investment managers opened new and increased holdings, while 43 reduced and sold their holdings in Cott Corp. The investment managers in our partner’s database now own: 102.05 million shares, up from 95.15 million shares in 2017Q2. Also, the number of investment managers holding Cott Corp in their top 10 holdings increased from 4 to 6 for an increase of 2. Sold All: 14 Reduced: 29 Increased: 43 New Position: 18.

Cott Corporation, together with its subsidiaries, produces and sells beverages on behalf of retailers, brand owners, and distributors worldwide. The company has market cap of $2.37 billion. The firm operates through four divisions: Water & Coffee Solutions, Cott North America, Cott United Kingdom, and All Other. It currently has negative earnings. The Company’s product lines include carbonated soft drinks, juice and juice products, energy drinks and shots, sports drinks, new age beverages, ready-to-drink teas, liquid enhancers, freezables, ready-to-drink alcoholic beverages, hot chocolate, malt drinks, creamers/whiteners, cereals, and beverage concentrates, as well as clear, still, and sparkling flavored waters.

The stock increased 1.23% or $0.21 during the last trading session, reaching $17.25. About 711,184 shares traded. Cott Corporation (NYSE:COT) has declined 10.50% since January 23, 2017 and is downtrending. It has underperformed by 27.20% the S&P500.

Analysts await Cott Corporation (NYSE:COT) to report earnings on February, 22. They expect $0.02 earnings per share, up 100.00 % or $0.01 from last year’s $0.01 per share. COT’s profit will be $2.74M for 215.63 P/E if the $0.02 EPS becomes a reality. After $0.06 actual earnings per share reported by Cott Corporation for the previous quarter, Wall Street now forecasts -66.67 % negative EPS growth.

Overbrook Management Corp holds 6.36% of its portfolio in Cott Corporation for 1.87 million shares. P2 Capital Partners Llc owns 2.64 million shares or 4.63% of their US portfolio. Moreover, Adi Capital Management Llc has 4.08% invested in the company for 549,988 shares. The New York-based Levin Capital Strategies L.P. has invested 3.55% in the stock. Owl Creek Asset Management L.P., a New York-based fund reported 3.06 million shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $219,115 activity.

Cott Corporation (NYSE:COT) Ratings Coverage

Ratings analysis reveals 73% of Cott Corporation’s analysts are positive. Out of 11 Wall Street analysts rating Cott Corporation, 8 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $11 while the high is $2000. The stock’s average target of $16.90 is -2.03% below today’s ($17.25) share price. COT was included in 38 notes of analysts from July 21, 2015. The stock has “Hold” rating by Jefferies on Thursday, January 4. JP Morgan reinitiated it with “Neutral” rating and $17 target in Thursday, June 9 report. The stock of Cott Corporation (NYSE:COT) has “Buy” rating given on Friday, October 20 by RBC Capital Markets. RBC Capital Markets maintained Cott Corporation (NYSE:COT) on Thursday, September 14 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 3. The stock of Cott Corporation (NYSE:COT) earned “Hold” rating by Jefferies on Thursday, July 6. As per Friday, August 11, the company rating was maintained by RBC Capital Markets. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, September 8. BMO Capital Markets maintained the shares of COT in report on Tuesday, August 1 with “Outperform” rating. As per Tuesday, September 5, the company rating was maintained by BMO Capital Markets.

More notable recent Cott Corporation (NYSE:COT) news were published by: Seekingalpha.com which released: “Cott (Canada) (COT) Q3 2017 Results - Earnings Call Transcript” on November 09, 2017, also Fool.ca with their article: “Should Investors Guzzle Up Cott Corp.?” published on November 24, 2017, Fool.ca published: “Why Investors May Want to Buy Cott Corp. as it Reinvents Itself” on August 08, 2017. More interesting news about Cott Corporation (NYSE:COT) were released by: Investorplace.com and their article: “Cott Corporation (USA): Is COT the Canadian Coca-Cola?” published on March 10, 2016 as well as Marketwatch.com‘s news article titled: “Cott Corp.” with publication date: December 21, 2009.

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