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

Mediolanum International Funds Ltd boosted its holdings in Dollar General Co. (NYSE:DG) by 698.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 259,271 shares of the company’s stock after acquiring an additional 226,779 shares during the period. Mediolanum International Funds Ltd owned 0.12% of Dollar General worth $19,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pzena Investment Management LLC increased its stake 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 in the last quarter. State Street Corp increased its position in Dollar General by 8.3% during 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 in the last quarter. Geode Capital Management LLC increased its position in Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after buying an additional 182,300 shares in the last quarter. Baupost Group LLC MA acquired a new position in shares of Dollar General in the third quarter worth $194,832,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dollar General by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after acquiring an additional 31,200 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DG. JPMorgan Chase & Co. cut their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Friday, December 6th. HSBC decreased their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. The Goldman Sachs Group cut their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Dollar General has an average rating of “Hold” and an average price target of $96.77.

Dollar General Stock Up 0.2 %

Shares of Dollar General stock opened at $72.21 on Friday. The company has a fifty day moving average price of $74.82 and a 200 day moving average price of $88.39. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The stock has a market cap 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.

Dollar General (NYSE:DG) last posted 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $1.26 EPS. Dollar General’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast 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. Investors of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, 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 currently owned by company insiders.

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.