Dollar General Co. (NYSE:DG) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in Dollar General Co. (NYSE:DG - Free Report) by 71.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,764 shares of the company's stock after purchasing an additional 18,580 shares during the quarter. Mackenzie Financial Corp's holdings in Dollar General were worth $3,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Studio Investment Management LLC raised its position in shares of Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after purchasing an additional 139 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Dollar General by 8.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock worth $143,000 after buying an additional 150 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Dollar General by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock valued at $164,000 after acquiring an additional 192 shares in the last quarter. Colonial Trust Co SC boosted its position in Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock worth $124,000 after acquiring an additional 199 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in Dollar General by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock worth $553,000 after acquiring an additional 255 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DG has been the topic of several analyst reports. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Truist Financial raised their price target on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research note on Tuesday, April 8th. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and upped their price objective for the company from $69.00 to $101.00 in a research note on Monday, April 7th. UBS Group raised their target price on shares of Dollar General from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Telsey Advisory Group upped their price target on shares of Dollar General from $85.00 to $100.00 and gave the stock a "market perform" rating in a research report on Tuesday, May 27th. Fourteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $98.96.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

Dollar General Stock Up 16.0%

DG stock traded up $15.50 during trading on Tuesday, reaching $112.67. The stock had a trading volume of 15,310,073 shares, compared to its average volume of 4,050,208. The firm has a fifty day moving average price of $93.33 and a 200 day moving average price of $81.82. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $24.78 billion, a P/E ratio of 18.56, a PEG ratio of 2.18 and a beta of 0.26. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $141.24.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. The company's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.09%. Dollar General's dividend payout ratio is currently 46.18%.

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.