Dollar General Corporation $DG Shares Sold by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board reduced its holdings in Dollar General by 32.3%, selling 277,013 shares, leaving them with approximately 580,168 shares valued at $51 million.
• Analysts have recently increased their target prices for Dollar General, with Bank of America raising it from $115 to $135, indicating a positive outlook for the stock.
• Dollar General announced a quarterly dividend of $0.59, representing an annualized yield of 2.2%, with the ex-dividend date being October 7th.

Canada Pension Plan Investment Board lowered its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 32.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 580,168 shares of the company's stock after selling 277,013 shares during the quarter. Canada Pension Plan Investment Board owned 0.26% of Dollar General worth $51,014,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC purchased a new stake in shares of Dollar General during the fourth quarter worth about $208,000. Northern Trust Corp boosted its holdings in Dollar General by 11.0% during the fourth quarter. Northern Trust Corp now owns 2,023,890 shares of the company's stock valued at $153,451,000 after purchasing an additional 201,386 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Dollar General by 268.5% during the fourth quarter. AQR Capital Management LLC now owns 185,765 shares of the company's stock valued at $14,085,000 after purchasing an additional 135,356 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Dollar General by 102.3% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 109,020 shares of the company's stock worth $8,266,000 after purchasing an additional 55,120 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of Dollar General by 30.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,460 shares of the company's stock worth $717,000 after acquiring an additional 2,213 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Activity

In related news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred on 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 directly owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Dollar General Stock Performance

Dollar General stock traded down $1.33 during trading on Thursday, hitting $108.36. The stock had a trading volume of 1,491,378 shares, compared to its average volume of 3,730,052. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.29. The company has a quick ratio of 0.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock's 50 day moving average is $111.77 and its two-hundred day moving average is $98.85. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

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

Dollar General Dividend Announcement

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

Wall Street Analyst Weigh In

DG has been the subject of several recent research reports. Telsey Advisory Group set a $123.00 price target on Dollar General in a research report on Friday, August 29th. The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and boosted their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Sanford C. Bernstein upped their target price on Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Barclays lifted their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Finally, Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.92.

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.