SG Americas Securities LLC Buys 171,049 Shares of Dole PLC $DOLE

SG Americas Securities LLC increased its stake in Dole PLC (NYSE:DOLE) by 46.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 542,400 shares of the company’s stock after acquiring an additional 171,049 shares during the period. SG Americas Securities LLC owned about 0.57% of Dole worth $7,751,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DOLE. Signaturefd LLC raised its position in Dole by 190.2% in the 4th quarter. Signaturefd LLC now owns 1,680 shares of the company’s stock worth $25,000 after purchasing an additional 1,101 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Dole by 120.8% in the second quarter. Osaic Holdings Inc. now owns 1,835 shares of the company’s stock worth $26,000 after purchasing an additional 1,004 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Dole in the fourth quarter valued at about $53,000. NewEdge Advisors LLC increased its holdings in Dole by 269.0% during 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, Aster Capital Management DIFC Ltd purchased a new position in shares of Dole during the fourth quarter valued at approximately $58,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on DOLE shares. Wall Street Zen lowered Dole from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research lowered Dole from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 target price (down from $18.00) on shares of Dole in a research note on Monday, March 30th. Finally, Weiss Ratings lowered shares of Dole from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $15.50.

Dole Trading Up 1.7%

Dole stock opened at $14.04 on Friday. Dole PLC has a 52-week low of $12.52 and a 52-week high of $16.57. The company has a market cap of $1.34 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.57 and a beta of 0.63. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $14.44 and a two-hundred day simple moving average of $14.90.

Dole (NYSE:DOLE) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.23 billion. Dole had a return on equity of 7.63% and a net margin of 0.46%.Dole’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. Analysts predict that Dole PLC will post 1.39 EPS for the current year.

Dole Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, June 17th. Dole’s dividend payout ratio (DPR) is currently 75.56%.

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.