Dole PLC $DOLE Shares Bought by Penn Capital Management Company LLC

Penn Capital Management Company LLC boosted its stake in Dole PLC (NYSE:DOLE) by 46.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 163,858 shares of the company’s stock after acquiring an additional 51,859 shares during the quarter. Penn Capital Management Company LLC owned 0.17% of Dole worth $2,083,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ethic Inc. grew its position in shares of Dole by 41.9% in the third quarter. Ethic Inc. now owns 31,913 shares of the company’s stock valued at $406,000 after purchasing an additional 9,431 shares during the period. CenterBook Partners LP acquired a new position in shares of Dole during the 3rd quarter worth about $2,293,000. Vise Technologies Inc. purchased a new position in Dole in the 3rd quarter valued at about $155,000. Signaturefd LLC increased its stake in Dole by 204.1% during the 3rd quarter. Signaturefd LLC now owns 4,851 shares of the company’s stock worth $62,000 after buying an additional 3,256 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Dole by 500.1% in the third quarter. Sterling Capital Management LLC now owns 9,511 shares of the company’s stock valued at $121,000 after acquiring an additional 7,926 shares in the last quarter.

Dole Trading Up 1.0%

DOLE opened at $14.02 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.98. The company’s 50 day simple moving average is $13.30 and its two-hundred day simple moving average is $14.27. Dole PLC has a 1-year low of $12.59 and a 1-year high of $16.57. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.75.

Dole (NYSE:DOLE) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.16). Dole had a net margin of 0.63% and a return on equity of 7.06%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Analysts expect that Dole PLC will post 1.34 EPS for the current fiscal year.

Dole Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 16th will be paid a $0.0850 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.4%. Dole’s dividend payout ratio (DPR) is 54.84%.

More Dole News

Here are the key news stories impacting Dole this week:

• Positive Sentiment: Third-quarter revenue rose 3.8% to $2.4 billion, while adjusted EBITDA increased 4.1% to $84.1 million. Net income rose to $48.3 million, partly helped by a gain on the sale of Dole’s Ecuador port. Dole plc Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Dole declared a quarterly dividend of $0.085 per share, equivalent to $0.34 annually and a reported yield of 2.4%. Dole plc Reports Third Quarter 2026 Financial Results
• Negative Sentiment: Adjusted earnings were $0.16 per share, well below analysts’ estimates of about $0.31–$0.32 and unchanged from a year earlier. Revenue of $2.4 billion was roughly in line with expectations, so the earnings shortfall is the key disappointment. Dole Q3 Earnings Miss Estimates
• Negative Sentiment: Dole lowered its full-year earnings outlook, targeting 2026 adjusted EBITDA of $380 million–$390 million as fuel costs and weather pressures intensify. The reduced forecast adds to concerns about margins and helps explain the negative reaction to the results despite revenue growth. Dole Sets 2026 Adjusted EBITDA Target Amid Fuel and Weather Pressures

Analyst Upgrades and Downgrades

Several brokerages recently commented on DOLE. Weiss Ratings cut Dole from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 17th. Freedom Broker initiated coverage on Dole in a research note on Wednesday, November 4th. They issued a “strong-buy” rating for the company. Zacks Research upgraded Dole from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft set a $14.00 target price on shares of Dole in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Dole Profile

Dole plc is an international fresh produce company that sources, grows, packs, ships, markets and distributes fruit and vegetables. Its products include bananas, pineapples and other fresh fruit, as well as vegetables and packaged salads sold under the Dole brand and other labels.

The company serves retail, wholesale and food-service customers across a range of markets. Its operations span multiple regions, connecting produce growers and farms with customers through its global sourcing, logistics and distribution network.

Dole plc was formed in 2021 through the combination of Total Produce and Dole Food Company, bringing together businesses with longstanding histories in the produce industry.