Dole PLC $DOLE Stock Acquired by Penn Capital Management Company LLC

Penn Capital Management Company LLC lifted its position in shares of Dole PLC (NYSE:DOLE) by 46.3% in the third quarter, Holdings Channel reports. The institutional investor owned 163,858 shares of the company’s stock after acquiring an additional 51,859 shares during the quarter. Penn Capital Management Company LLC’s holdings in Dole were worth $2,083,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pale Fire Capital SE grew its position in Dole by 0.6% in the first quarter. Pale Fire Capital SE now owns 9,427,476 shares of the company’s stock worth $134,719,000 after acquiring an additional 54,700 shares during the period. Dimensional Fund Advisors LP increased its stake in Dole by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,999,095 shares of the company’s stock worth $71,438,000 after acquiring an additional 659,892 shares during the last quarter. Renaissance Technologies LLC raised its position in Dole by 24.8% in the first quarter. Renaissance Technologies LLC now owns 753,774 shares of the company’s stock valued at $10,771,000 after purchasing an additional 149,674 shares during the period. Empowered Funds LLC lifted its stake in shares of Dole by 3.9% in the 1st quarter. Empowered Funds LLC now owns 449,398 shares of the company’s stock valued at $6,422,000 after purchasing an additional 16,811 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Dole by 15.7% in the 1st quarter. Lazard Asset Management LLC now owns 256,717 shares of the company’s stock valued at $3,668,000 after purchasing an additional 34,805 shares during the last quarter.

Trending Headlines about Dole

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DOLE. Freedom Broker began coverage on Dole in a report on Wednesday, November 4th. They set a “strong-buy” rating for the company. Deutsche Bank Aktiengesellschaft set a $14.00 price objective on shares of Dole in a report on Tuesday, August 11th. Weiss Ratings lowered shares of Dole from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 17th. Finally, Zacks Research raised shares of Dole from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Dole Stock Performance

NYSE:DOLE opened at $14.02 on Tuesday. Dole PLC has a fifty-two week low of $12.59 and a fifty-two week high of $16.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.98 and a current ratio of 1.28. The company has a 50 day moving average price of $13.30 and a 200 day moving average price of $14.27. The stock has a market capitalization of $1.32 billion, a P/E ratio of 22.61, a PEG ratio of 1.52 and a beta of 0.75.

Dole (NYSE:DOLE) last announced its 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 firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Equities research analysts forecast that Dole PLC will post 1.34 EPS for the current year.

Dole Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Wednesday, December 16th will be issued a $0.0850 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, December 16th. Dole’s payout ratio is currently 54.84%.

About Dole

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.