371,351 Shares in Dole PLC $DOLE Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Dole PLC (NYSE:DOLE) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 371,351 shares of the company’s stock, valued at approximately $5,567,000. SG Americas Securities LLC owned about 0.39% of Dole as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Dole by 30.6% in the third quarter. Victory Capital Management Inc. now owns 4,938,971 shares of the company’s stock worth $66,380,000 after acquiring an additional 1,155,983 shares during the period. Balyasny Asset Management L.P. acquired a new position in Dole in the third quarter valued at approximately $10,924,000. Panview Capital Ltd acquired a new position in Dole in the third quarter valued at approximately $9,408,000. Algert Global LLC boosted its position in Dole by 2,173.6% in the 3rd quarter. Algert Global LLC now owns 595,869 shares of the company’s stock worth $8,008,000 after purchasing an additional 569,661 shares in the last quarter. Finally, Fort Baker Capital Management LP purchased a new stake in Dole in the 3rd quarter worth approximately $7,469,000.

Dole Stock Down 0.8%

Shares of DOLE opened at $14.28 on Wednesday. The firm has a market cap of $1.36 billion, a P/E ratio of 26.93, a PEG ratio of 1.19 and a beta of 0.64. Dole PLC has a 12 month low of $12.52 and a 12 month high of $16.57. The stock’s 50 day moving average is $15.32 and its two-hundred day moving average is $14.45. The company has a current ratio of 1.17, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Dole (NYSE:DOLE) last announced its earnings results on Wednesday, February 25th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Dole had a return on equity of 7.81% and a net margin of 0.56%.The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the company posted $0.16 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts predict that Dole PLC will post 1.19 earnings per share for the current fiscal year.

Dole Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 18th will be given a $0.085 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.34 annualized dividend and a dividend yield of 2.4%. Dole’s dividend payout ratio (DPR) is 64.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DOLE shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 target price (down from $18.00) on shares of Dole in a report on Monday. Wall Street Zen lowered shares of Dole from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dole in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.50.

Dole Company Profile

Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.

The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.