BDL Capital Management SAS recently announced the acquisition of new stake in Dole plc (NYSE:DOLE). This fresh investment now brings its stake to 5.42% valued currently at $59.19 million. In addition, Rubric Capital Management LP raised its holdings by 0.1 million to 3.74 million shares. And BlackRock Fund Advisors has lifted its position by 2.45% or 78538.0 shares – to 3.28 million shares.
With over 0.45 million Dole plc (DOLE) shares trading Friday and a closing price of $12.30 on the day, the dollar volume was approximately $5.55 million. The shares have shown a negative half year performance of -7.24% and its price on 12/22/23 gained nearly 1.07%. Currently, there are 94.90M common shares owned by the public and among those 61.64M shares have been available to trade.
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The top 3 mutual fund holders in Dole plc are BNP Paribas Funds – SMaRT Food, iShares Russell 2000 ETF, and JNL/Franklin Templeton Internatio. BNP Paribas Funds – SMaRT Food owns 2.53 million shares of the company’s stock, all valued at over $29.16 million. The company sold -2.94 million shares recently to bring their total holdings to about 2.67% of the shares outstanding. iShares Russell 2000 ETF bought 864.0 shares to see its total holdings expand to 1.76 million shares valued at over $20.21 million and representing 1.85% of the shares outstanding. JNL/Franklin Templeton Internatio sold -0.45 million shares to bring its total holdings to over 0.9 million shares at a value of $10.34 million. JNL/Franklin Templeton Internatio now owns shares totaling to 0.95% of the shares outstanding.
Shares of Dole plc (NYSE: DOLE) opened at $12.15, down -$0.02 from a prior closing price of $12.17. However, the script later moved the day high at 12.39, up 1.07%. The company’s stock has a 5-day price change of 3.27% and 4.15% over the past three months. DOLE shares are trading 27.46% year to date (YTD), with the 12-month market performance up to 29.07% higher. It has a 12-month low price of $9.42 and touched a high of $14.01 over the same period. DOLE has an average intraday trading volume of 542.63K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.10%, 7.10%, and 0.59% respectively.
Institutional ownership of Dole plc (NYSE: DOLE) shares accounts for 41.60% of the company’s 94.90M shares outstanding. Mutual fund holders own 16.79%, while other institutional holders and individual stakeholders account for 24.97% and — respectively.
It has a market capitalization of $1.17B and a beta (3y monthly) value of 0.90. The stock’s trailing 12-month PE ratio is 8.59, while the earnings-per-share (ttm) stands at $1.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.85% over the week and 2.07% over the month.
Analysts forecast that Dole plc (DOLE) will achieve an EPS of $0.07 for the current quarter, $0.38 for the next quarter and $1.29 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 17.87%, and 13.18% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Dole plc (DOLE) as a “Strong Buy” at a consensus score of 1.50. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
