Dole PLC $DOLE Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reduced its stake in Dole by 9.1%, selling 120,378 shares in Q3 and ending the period with 1,198,417 shares (1.26% ownership) worth $16.11 million.
• Dole beat quarterly expectations, reporting $0.14 EPS vs. $0.12 expected and revenue of $2.37 billion (up 9.2% year‑over‑year).
• Dole declared a quarterly dividend of $0.085 (annual $0.34, ~2.3% yield; ex-dividend March 18, payable April 8), while analysts’ consensus rating is a "Hold" with an average target of $16.00.

JPMorgan Chase & Co. reduced its holdings in Dole PLC (NYSE:DOLE - Free Report) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,198,417 shares of the company's stock after selling 120,378 shares during the quarter. JPMorgan Chase & Co. owned 1.26% of Dole worth $16,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Osaic Holdings Inc. grew its position 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 buying an additional 1,004 shares during the last quarter. Westfuller Advisors LLC acquired a new stake in shares of Dole during the 3rd quarter valued at $49,000. State of Alaska Department of Revenue acquired a new stake in shares of Dole during the 3rd quarter valued at $50,000. NewEdge Advisors LLC boosted its stake in shares of Dole by 269.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,716 shares of the company's stock worth $52,000 after acquiring an additional 2,709 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Dole by 62.0% during the 3rd quarter. CWM LLC now owns 10,101 shares of the company's stock worth $136,000 after acquiring an additional 3,867 shares in the last quarter.

Wall Street Analyst Weigh In

DOLE has been the topic of a number of recent analyst reports. Wall Street Zen lowered Dole from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Dole in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dole currently has an average rating of "Hold" and an average target price of $16.00.

Dole Stock Up 0.4%

Shares of NYSE:DOLE opened at $14.56 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.17. The company has a market cap of $1.39 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 1.18 and a beta of 0.64. Dole PLC has a 52 week low of $12.52 and a 52 week high of $16.57. The firm has a 50 day simple moving average of $15.34 and a 200 day simple moving average of $14.43.

Dole (NYSE:DOLE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Dole had a net margin of 0.56% and a return on equity of 7.81%. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.32 billion. During the same period in the previous year, the company posted $0.16 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts expect that Dole PLC will post 1.19 earnings per share for the current year.

Dole Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.085 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.3%. Dole's payout ratio is currently 64.15%.

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.

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