Flossbach Von Storch SE Has $96.54 Million Stake in Dollar General Co. (NYSE:DG)

Flossbach Von Storch SE trimmed its position in shares of Dollar General Co. (NYSE:DG) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,273,255 shares of the company’s stock after selling 8,384 shares during the period. Flossbach Von Storch SE owned 0.58% of Dollar General worth $96,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DG. Pzena Investment Management LLC boosted its position in Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA bought a new stake in shares of Dollar General in the third quarter valued at about $194,832,000. State Street Corp boosted its position in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after acquiring an additional 759,869 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in shares of Dollar General in the third quarter valued at about $32,932,000. Finally, Equity Investment Corp boosted its position in shares of Dollar General by 60.8% in the third quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock valued at $80,454,000 after acquiring an additional 359,757 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Up 0.8 %

Shares of DG opened at $75.59 on Thursday. The business has a 50-day moving average of $73.31 and a 200 day moving average of $83.32. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The firm has a market cap of $16.63 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.12%. Dollar General’s dividend payout ratio is 38.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DG shares. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Truist Financial cut 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. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Friday, December 6th. Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Finally, Wells Fargo & Company lowered their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $96.77.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the firm’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 transaction, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.