Sanctuary Advisors LLC Buys Shares of 41,554 Dole PLC $DOLE

Sanctuary Advisors LLC bought a new stake in shares of Dole PLC (NYSE:DOLE) during the first quarter, HoldingsChannel.com reports. The fund bought 41,554 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC boosted its holdings in Dole by 190.2% during 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. increased its stake in 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 period. NewEdge Advisors LLC increased its stake in Dole by 269.0% in the second quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock worth $52,000 after purchasing an additional 2,709 shares during the period. V Square Quantitative Management LLC purchased a new stake in Dole in the fourth quarter worth $53,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Dole during the fourth quarter worth $58,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DOLE shares. Weiss Ratings lowered shares of Dole from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Dole from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, 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. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dole has a consensus rating of “Hold” and an average target price of $15.50.

Dole Price Performance

DOLE opened at $14.04 on Tuesday. The business’s 50-day moving average is $14.14 and its two-hundred day moving average is $14.76. Dole PLC has a 1 year low of $12.52 and a 1 year high of $16.57. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.25 and a quick ratio of 0.91. The firm has a market capitalization of $1.34 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 1.58 and a beta of 0.63.

Dole (NYSE:DOLE) last announced its earnings results on Monday, May 11th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm 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%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Research analysts anticipate that Dole PLC will post 1.39 earnings per share for the current fiscal year.

Dole Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were 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 was Wednesday, June 17th. Dole’s payout ratio is 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.