Chiron Capital Management LLC Buys 4,600 Shares of Dollar General Corporation $DG

Key Points

• Chiron Capital Management LLC increased its holdings in Dollar General by 66.6% in the first quarter, acquiring an additional 4,600 shares for a total of 11,504 shares valued at approximately $1,012,000.
• Several hedge funds, including Pacer Advisors Inc. and Two Sigma Investments LP, significantly increased their stakes in Dollar General, indicating strong interest from institutional investors who now own 91.77% of the company’s stock.
• Dollar General recently announced a quarterly dividend of $0.59 per share, resulting in an annualized dividend yield of 2.2%, with a payout ratio of 43.70%.

Chiron Capital Management LLC boosted its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 66.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,504 shares of the company's stock after buying an additional 4,600 shares during the quarter. Chiron Capital Management LLC's holdings in Dollar General were worth $1,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Investments LP lifted its stake in shares of Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after acquiring an additional 1,797,776 shares during the period. Pacer Advisors Inc. lifted its position in Dollar General by 5,440.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock valued at $139,155,000 after purchasing an additional 1,554,004 shares during the period. Royal Bank of Canada boosted its stake in shares of Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock valued at $178,983,000 after purchasing an additional 1,456,549 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Dollar General by 398.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock worth $133,200,000 after buying an additional 1,404,200 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after buying an additional 1,201,917 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Dollar General Stock Up 0.7%

DG stock traded up $0.81 during mid-day trading on Friday, reaching $109.25. The company had a trading volume of 1,912,552 shares, compared to its average volume of 3,727,632. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.32 and a beta of 0.29. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The stock has a 50 day simple moving average of $111.69 and a two-hundred day simple moving average of $99.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter last year, the company posted $1.70 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.2%. Dollar General's dividend payout ratio (DPR) is currently 43.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Cfra Research upgraded shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Raymond James Financial increased their price target on Dollar General from $125.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Telsey Advisory Group set a $123.00 target price on Dollar General in a research note on Friday, August 29th. Finally, Guggenheim restated a "buy" rating and set a $125.00 target price on shares of Dollar General in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, Dollar General has a consensus rating of "Hold" and a consensus price target of $112.92.

Dollar General Company 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.