Y Intercept Hong Kong Ltd grew its position in shares of Dole PLC (NYSE:DOLE – Free Report) by 784.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 125,705 shares of the company’s stock after acquiring an additional 111,493 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dole were worth $1,796,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Invenomic Capital Management LP grew its holdings in shares of Dole by 24.3% during the 3rd quarter. Invenomic Capital Management LP now owns 1,540,959 shares of the company’s stock worth $20,710,000 after purchasing an additional 301,319 shares during the period. Tudor Investment Corp ET AL raised its holdings in Dole by 254.6% in the third quarter. Tudor Investment Corp ET AL now owns 332,609 shares of the company’s stock valued at $4,470,000 after buying an additional 238,819 shares during the period. Atlantic Investment Management Inc. purchased a new position in Dole in the third quarter valued at approximately $4,435,000. SG Americas Securities LLC acquired a new position in Dole during the fourth quarter valued at approximately $5,567,000. Finally, Ghisallo Capital Management LLC acquired a new position in Dole during the third quarter valued at approximately $3,360,000.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Dole from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 target price (down from $18.00) on shares of Dole in a report on Monday, March 30th. Finally, Zacks Research cut shares of Dole from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $15.50.
Dole Trading Down 0.3%
Shares of DOLE opened at $14.02 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of 31.16, a P/E/G ratio of 1.57 and a beta of 0.63. Dole PLC has a one year low of $12.52 and a one year high of $16.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a 50-day moving average price of $14.26 and a 200 day moving average price of $14.82.
Dole (NYSE:DOLE – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Dole had a return on equity of 7.63% and a net margin of 0.46%.The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Dole’s revenue for the quarter was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Dole PLC will post 1.39 EPS for the current fiscal year.
Dole Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, June 17th. Dole’s payout ratio is 75.56%.
About Dole
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.
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