Mizuho Securities USA LLC Buys 6,584 Shares of Dollar General Co. (NYSE:DG)

Mizuho Securities USA LLC grew its stake in Dollar General Co. (NYSE:DG) by 46.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,843 shares of the company’s stock after purchasing an additional 6,584 shares during the period. Mizuho Securities USA LLC’s holdings in Dollar General were worth $1,580,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deseret Mutual Benefit Administrators raised its position in Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC raised its holdings in shares of Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after buying an additional 161 shares during the period. Peoples Bank KS lifted its stake in shares of Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock worth $109,000 after acquiring an additional 230 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Dollar General by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock valued at $553,000 after acquiring an additional 255 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of DG opened at $82.62 on Wednesday. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The stock has a fifty day moving average price of $75.08 and a 200-day moving average price of $77.72. 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 firm has a market cap of $18.17 billion, a PE ratio of 13.61, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the company earned $1.83 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

Analyst Upgrades and Downgrades

DG has been the subject of several research analyst reports. Citigroup decreased their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research report on Friday, March 7th. Truist Financial lowered their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. UBS Group reduced their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Bank of America lowered their price target on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Finally, The Goldman Sachs Group reduced their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $92.26.

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.