41,554 Shares in Dole PLC $DOLE Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in Dole PLC (NYSE:DOLE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,554 shares of the company’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DOLE. Signaturefd LLC boosted its position in shares of Dole by 190.2% during the fourth quarter. Signaturefd LLC now owns 1,680 shares of the company’s stock worth $25,000 after acquiring an additional 1,101 shares during the last quarter. Osaic Holdings Inc. increased its holdings in 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 last quarter. NewEdge Advisors LLC lifted its stake in Dole by 269.0% in the 2nd quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock worth $52,000 after purchasing an additional 2,709 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Dole in the 4th quarter worth $53,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Dole during the 4th quarter valued at about $58,000.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DOLE. Zacks Research upgraded Dole from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings cut Dole from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price objective (down from $18.00) on shares of Dole in a research note on Monday, March 30th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Dole currently has an average rating of “Hold” and a consensus target price of $15.50.

Dole Stock Performance

NYSE:DOLE opened at $14.04 on Tuesday. The stock’s fifty day moving average is $14.14 and its 200 day moving average is $14.76. Dole PLC has a fifty-two week low of $12.52 and a fifty-two week high of $16.57. The firm has a market capitalization of $1.34 billion, a PE ratio of 31.21, a PEG ratio of 1.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 1.25.

Dole (NYSE:DOLE) last issued its quarterly 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). Dole had a return on equity of 7.63% and a net margin of 0.46%.The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Dole PLC will post 1.39 earnings per share for the current year.

Dole Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, June 17th. Dole’s dividend payout ratio (DPR) is 75.56%.

Dole 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.