33,605 Shares in Dole PLC $DOLE Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Dole PLC (NYSE:DOLE) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,605 shares of the company’s stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Dole by 28.5% during the first quarter. AQR Capital Management LLC now owns 48,685 shares of the company’s stock valued at $703,000 after buying an additional 10,793 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dole by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,593 shares of the company’s stock valued at $644,000 after acquiring an additional 1,879 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Dole in the 1st quarter valued at about $6,749,000. Jane Street Group LLC increased its holdings in shares of Dole by 87.6% in the 1st quarter. Jane Street Group LLC now owns 213,786 shares of the company’s stock valued at $3,089,000 after purchasing an additional 99,842 shares during the period. Finally, CWM LLC lifted its position in shares of Dole by 39.5% in the second 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 Stock Performance

DOLE stock opened at $16.36 on Thursday. The firm has a 50 day moving average of $15.04 and a two-hundred day moving average of $14.18. Dole PLC has a 12 month low of $12.52 and a 12 month high of $16.50. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 109.07, a P/E/G ratio of 1.97 and a beta of 0.64. The company has a quick ratio of 0.90, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Dole announced that its Board of Directors has initiated a share repurchase program on Monday, November 10th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Dole Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.1%. Dole’s dividend payout ratio is currently 226.67%.

Wall Street Analysts Forecast Growth

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

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.