UBS Group AG Sells 218,025 Shares of Dole PLC $DOLE

UBS Group AG lessened its position in Dole PLC (NYSE:DOLEFree Report) by 60.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,214 shares of the company’s stock after selling 218,025 shares during the period. UBS Group AG owned about 0.15% of Dole worth $2,102,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Dole by 190.2% in the 4th quarter. Signaturefd LLC now owns 1,680 shares of the company’s stock valued at $25,000 after acquiring an additional 1,101 shares during the period. Osaic Holdings Inc. grew its position in shares of Dole by 120.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock valued at $26,000 after acquiring an additional 1,004 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Dole in the 4th quarter valued at about $53,000. NewEdge Advisors LLC grew its position in shares of Dole by 269.0% in the 2nd quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock valued at $52,000 after acquiring an additional 2,709 shares during the period. Finally, CoreCap Advisors LLC bought a new position in shares of Dole in the 4th quarter valued at about $100,000.

Dole Stock Performance

NYSE DOLE opened at $14.49 on Thursday. The firm has a 50-day moving average of $14.72 and a 200-day moving average of $14.91. 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 market cap of $1.38 billion, a PE ratio of 32.21, a P/E/G ratio of 1.60 and a beta of 0.67. Dole PLC has a 52-week low of $12.52 and a 52-week high of $16.57.

Dole (NYSE:DOLEGet Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.23 billion. Dole had a return on equity of 7.63% and a net margin of 0.46%.The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, sell-side analysts anticipate that Dole PLC will post 1.39 EPS for the current year.

Dole Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, June 17th. Dole’s dividend payout ratio (DPR) is currently 75.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DOLE. Weiss Ratings downgraded shares of Dole from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $15.00 price objective (down from $18.00) on shares of Dole in a research report on Monday, March 30th. Zacks Research downgraded shares of Dole from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Dole from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $15.50.

Read Our Latest Stock Analysis on DOLE

Dole Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Dole (NYSE:DOLE)

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