Dollar General Co. (NYSE:DG) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its position in shares of Dollar General Co. (NYSE:DG) by 698.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 259,271 shares of the company’s stock after purchasing an additional 226,779 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Dollar General were worth $19,576,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its position in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new stake in Dollar General in the third quarter worth $194,832,000. State Street Corp increased its position in Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in Dollar General in the third quarter valued at $32,932,000. Finally, Equity Investment Corp boosted its holdings in shares of Dollar General by 60.8% during the third quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock valued at $80,454,000 after acquiring an additional 359,757 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DG has been the topic of several recent research reports. Evercore ISI cut their price objective on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Jefferies Financial Group reduced their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Bernstein Bank lowered their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Truist Financial cut their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Finally, Wells Fargo & Company decreased their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $96.77.

Dollar General Price Performance

NYSE DG opened at $72.21 on Friday. The company has a 50 day simple moving average of $74.82 and a 200-day simple moving average of $88.39. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business earned $1.26 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.