UBS Group AG Has $2.10 Million Stock Holdings in Dole PLC $DOLE

UBS Group AG decreased its holdings in Dole PLC (NYSE:DOLE) by 60.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 140,214 shares of the company’s stock after selling 218,025 shares during the period. UBS Group AG’s holdings in Dole were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its stake 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 in the last quarter. Osaic Holdings Inc. raised its stake in 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 purchasing an additional 1,004 shares in the last quarter. NewEdge Advisors LLC raised its stake in Dole by 269.0% in the 2nd quarter. NewEdge Advisors LLC now owns 3,716 shares of the company’s stock worth $52,000 after purchasing an additional 2,709 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Dole in the 4th quarter worth about $53,000. Finally, CoreCap Advisors LLC acquired a new stake in Dole in the 4th quarter worth about $100,000.

Dole Price Performance

DOLE stock opened at $14.49 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.59. Dole PLC has a 12 month low of $12.52 and a 12 month high of $16.57. The firm has a market cap of $1.38 billion, a P/E ratio of 32.21, a P/E/G ratio of 1.60 and a beta of 0.67. The company’s 50-day moving average price is $14.72 and its two-hundred day moving average price is $14.91.

Dole (NYSE:DOLE) last released its earnings results on Monday, May 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). Dole had a net margin of 0.46% and a return on equity of 7.63%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the business earned $0.35 earnings per share. Dole’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, analysts anticipate that Dole PLC will post 1.39 earnings per share for the current fiscal year.

Dole Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Dole’s dividend payout ratio (DPR) is currently 75.56%.

Analyst Ratings Changes

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

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.