330,000 Shares in Dole PLC $DOLE Acquired by Atlantic Investment Management Inc.

Atlantic Investment Management Inc. purchased a new position in Dole PLC (NYSE:DOLE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 330,000 shares of the company’s stock, valued at approximately $4,435,000. Dole comprises 2.5% of Atlantic Investment Management Inc.’s holdings, making the stock its 10th biggest holding. Atlantic Investment Management Inc. owned 0.35% of Dole as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in shares of Dole by 120.8% during 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 in the last quarter. Westfuller Advisors LLC acquired a new position in shares of Dole in the 3rd quarter worth $49,000. State of Alaska Department of Revenue acquired a new stake in shares of Dole during the third quarter worth $50,000. NewEdge Advisors LLC raised its position in shares of Dole by 269.0% during 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. Finally, CWM LLC lifted its holdings in shares of Dole by 62.0% during the third quarter. CWM LLC now owns 10,101 shares of the company’s stock valued at $136,000 after purchasing an additional 3,867 shares during the last quarter.

Dole Trading Down 0.3%

NYSE DOLE opened at $14.36 on Friday. The firm’s 50 day moving average price is $15.35 and its two-hundred day moving average price is $14.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.17. Dole PLC has a twelve month low of $12.52 and a twelve month high of $16.57. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.17 and a beta of 0.64.

Dole (NYSE:DOLE) last released its earnings results on Wednesday, February 25th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.32 billion. Dole had a return on equity of 7.81% and a net margin of 0.56%.The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. Equities analysts anticipate that Dole PLC will post 1.19 EPS for the current year.

Dole Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 18th will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, March 18th. Dole’s dividend payout ratio is currently 64.15%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DOLE. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dole in a research report on Monday, December 29th. Wall Street Zen downgraded Dole from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.00.

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.