Capital International Sarl Has $5.39 Million Holdings in Dollar General Co. (NYSE:DG)

Capital International Sarl lifted its holdings in Dollar General Co. (NYSE:DG) by 78.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,532 shares of the company’s stock after acquiring an additional 15,211 shares during the period. Capital International Sarl’s holdings in Dollar General were worth $5,389,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of DG. Vanguard Group Inc. grew its stake in Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after buying an additional 3,360,413 shares in the last quarter. Capital International Investors lifted its holdings in shares of Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after acquiring an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Dollar General by 162.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after buying an additional 11,257,537 shares during the last quarter. Capital World Investors raised its holdings in Dollar General by 1.0% in the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after buying an additional 133,591 shares during the last quarter. Finally, Norges Bank bought a new position in Dollar General in the 4th quarter valued at approximately $337,150,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DG has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Piper Sandler lowered their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research note on Thursday, May 30th. Evercore ISI lowered their price objective on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company reduced their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $147.86.

Dollar General Stock Performance

Shares of Dollar General stock traded down $0.22 during trading on Friday, hitting $118.09. 1,575,358 shares of the company’s stock traded hands, compared to its average volume of 2,430,611. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $173.47. The stock has a market capitalization of $25.97 billion, a P/E ratio of 17.19, a PEG ratio of 2.30 and a beta of 0.43. The business has a 50-day simple moving average of $129.76 and a 200-day simple moving average of $138.94.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company earned $2.34 earnings per share. Dollar General’s revenue was up 6.1% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.