Mondrian Investment Partners LTD Has $506,000 Position in Dollar General Co. (NYSE:DG)

Mondrian Investment Partners LTD lifted its stake in shares of Dollar General Co. (NYSE:DG) by 28.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,203 shares of the company’s stock after buying an additional 919 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Dollar General were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Beacon Pointe Advisors LLC lifted its holdings in shares of Dollar General by 6.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,587 shares of the company’s stock worth $1,031,000 after buying an additional 443 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Dollar General by 40.1% during the 4th quarter. Panagora Asset Management Inc. now owns 15,609 shares of the company’s stock worth $2,122,000 after purchasing an additional 4,467 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Dollar General in the fourth quarter worth $212,000. Norges Bank acquired a new stake in Dollar General during the fourth quarter worth about $337,150,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Dollar General by 79.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,379 shares of the company’s stock valued at $731,000 after buying an additional 2,386 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.3 %

NYSE:DG opened at $86.00 on Wednesday. The firm has a fifty day simple moving average of $111.06 and a two-hundred day simple moving average of $131.10. Dollar General Co. has a 12 month low of $77.96 and a 12 month high of $168.07. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. Analysts expect that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.74%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DG. Loop Capital cut their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Piper Sandler reduced their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. JPMorgan Chase & Co. dropped their price objective on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. UBS Group dropped their target price on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $113.95.

Insiders Place Their Bets

In related news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

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.