Canada’s Cott Beats Coke and Pepsi as It Swaps Soda for Water

Cott Corp. stock is beating its North American peers including Coca-Cola Co. and PepsiCo Inc. as the Canadian beverage maker diversifies away from sugary soft drinks to cater to health-conscious consumers.

Investors are banking on Cott’s ability to increase profits after the provider of private-label soft drinks to companies such as Wal-Mart Stores Inc. became the biggest publicly traded water supplier to U.S. homes and offices.