Dole PLC $DOLE Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of Dole PLC (NYSE:DOLE) by 24.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 753,774 shares of the company’s stock after acquiring an additional 149,674 shares during the quarter. Renaissance Technologies LLC’s holdings in Dole were worth $10,771,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Pale Fire Capital SE boosted its holdings in Dole by 0.6% in the first quarter. Pale Fire Capital SE now owns 9,427,476 shares of the company’s stock valued at $134,719,000 after purchasing an additional 54,700 shares during the period. Dimensional Fund Advisors LP raised its position in Dole by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,999,095 shares of the company’s stock valued at $71,438,000 after purchasing an additional 659,892 shares in the last quarter. Victory Capital Management Inc. raised its position in Dole by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 4,987,681 shares of the company’s stock valued at $74,765,000 after purchasing an additional 48,710 shares in the last quarter. River Road Asset Management LLC boosted its stake in shares of Dole by 12.9% in the 4th quarter. River Road Asset Management LLC now owns 4,617,435 shares of the company’s stock valued at $69,215,000 after buying an additional 525,801 shares during the period. Finally, Nuveen LLC boosted its stake in shares of Dole by 0.9% in the 4th quarter. Nuveen LLC now owns 1,643,034 shares of the company’s stock valued at $24,629,000 after buying an additional 15,418 shares during the period.

Dole Price Performance

DOLE stock opened at $14.13 on Friday. The business has a 50 day moving average price of $14.13 and a 200 day moving average price of $14.75. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 1.58 and a beta of 0.63. Dole PLC has a fifty-two week low of $12.52 and a fifty-two week high of $16.57. 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 (NYSE:DOLE) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.23 billion. Dole had a net margin of 0.46% and a return on equity of 7.63%. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that Dole PLC will post 1.39 earnings per share for the current fiscal year.

Dole Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 17th. Dole’s dividend payout ratio (DPR) is 75.56%.

Analyst Ratings Changes

A number of research firms recently weighed in on DOLE. Weiss Ratings restated a “hold (c)” rating on shares of Dole in a research note on Friday, July 24th. Zacks Research upgraded shares of Dole from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.50.

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.