Mizuho Securities USA LLC Has $1.55 Million Holdings in Dollar General Corporation (NYSE:DG)

Key Points

• Mizuho Securities USA LLC reduced its position in Dollar General Corporation by 15.5%, selling 3,234 shares and holding 17,609 shares valued at $1,548,000.
• Dollar General reported quarterly earnings of $1.78 EPS, exceeding estimates of $1.46, with revenue of $10.44 billion, a 5.3% year-over-year increase.
• The company declared a quarterly dividend of $0.59 per share, corresponding to an annualized dividend of $2.36 and a yield of 2.1%.

Mizuho Securities USA LLC lowered its position in Dollar General Corporation (NYSE:DG - Free Report) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,609 shares of the company's stock after selling 3,234 shares during the period. Mizuho Securities USA LLC's holdings in Dollar General were worth $1,548,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. raised its stake in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after acquiring an additional 342 shares during the last quarter. Finally, CVA Family Office LLC raised its stake in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Oppenheimer upgraded shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a research report on Wednesday, June 4th. Raymond James Financial boosted their price objective on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Guggenheim boosted their price objective on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, KeyCorp restated a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of "Hold" and a consensus target price of $108.80.

Dollar General Trading Up 0.6%

Shares of DG stock traded up $0.64 on Wednesday, hitting $115.83. The stock had a trading volume of 3,874,824 shares, compared to its average volume of 2,718,018. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98. The firm has a market cap of $25.49 billion, a P/E ratio of 22.11, a PEG ratio of 2.82 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average price of $112.08 and a two-hundred day moving average price of $94.81.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The firm's revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. Dollar General's payout ratio is 45.04%.

Insider Buying and Selling at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president directly owned 46,563 shares of the company's stock, valued at $5,261,619. This trade represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.