Topic: How To Invest

Q: Hello. I would be interested in your thoughts on Dole plc on New York. Thanks.

Article Excerpt

A: Dole plc, $10.33, symbol DOLE on New York (Shares outstanding: 94.9 million; Market cap: $988.6 million; www.doleplc.com), is a global leader in fresh fruits and vegetables. The company sells more than 300 products sourced from over 30 countries. Its products are sold in more than 80 countries worldwide. Fresh fruits account for about 72% of its revenue, while fresh vegetables account for the rest. Dole has world headquarters in Dublin, Ireland, and U.S. headquarters in Charlotte, North Carolina. The company owns over 114,000 acres of land, over 160 distribution and manufacturing facilities, 75 packing houses, 12 cold storage facilities, five salad manufacturing plants and 13 owned vessels. The company is the result of a merger between the Dole Food Company and Total Produce, an Irish-based fruit and vegetable business. Both Dole and Total Produce were founded in the 1850s, with their businesses now focused on North America and Europe. On July 29, 2021, Dole went public, selling 25 million shares of its…