Dole PLC $DOLE Shares Acquired by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its holdings in Dole PLC (NYSE:DOLE) by 76.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 167,380 shares of the company’s stock after buying an additional 72,346 shares during the quarter. Waterfront Wealth Inc.’s holdings in Dole were worth $2,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Osaic Holdings Inc. grew its holdings in shares of Dole by 120.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock worth $26,000 after acquiring an additional 1,004 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in shares of Dole during the third quarter valued at $49,000. State of Alaska Department of Revenue acquired a new position in shares of Dole in the 3rd quarter valued at $50,000. NewEdge Advisors LLC boosted 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 purchasing an additional 2,709 shares during the period. Finally, CWM LLC increased its stake in Dole by 39.5% in the 2nd quarter. CWM LLC now owns 6,234 shares of the company’s stock worth $87,000 after purchasing an additional 1,765 shares in the last quarter.

Dole Trading Down 0.4%

NYSE:DOLE opened at $16.22 on Monday. The stock’s 50-day moving average is $15.11 and its two-hundred day moving average is $14.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 0.90. The stock has a market cap of $1.54 billion, a PE ratio of 108.13, a price-to-earnings-growth ratio of 1.98 and a beta of 0.64. Dole PLC has a fifty-two week low of $12.52 and a fifty-two week high of $16.57.

Dole (NYSE:DOLE) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. Dole had a return on equity of 7.98% and a net margin of 0.17%.The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, equities research analysts forecast that Dole PLC will post 1.19 earnings per share for the current fiscal year.

Dole declared that its board has authorized a share buyback program on Monday, November 10th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have commented on DOLE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dole in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Dole from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.00.

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.