Flossbach Von Storch SE Decreases Stake in Dollar General Co. (NYSE:DG)

Flossbach Von Storch SE reduced its position in Dollar General Co. (NYSE:DG - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,273,255 shares of the company's stock after selling 8,384 shares during the quarter. Flossbach Von Storch SE owned about 0.58% of Dollar General worth $96,538,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Pzena Investment Management LLC boosted its stake in Dollar General by 453.4% during the 3rd 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 purchased a new stake in shares of Dollar General in the third quarter valued at about $194,832,000. State Street Corp boosted its stake in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after buying an additional 759,869 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in shares of Dollar General during the third quarter worth about $32,932,000. Finally, Equity Investment Corp increased its position in Dollar General by 60.8% in the 3rd 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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In other Dollar General news, 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 transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares of the company's stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

Dollar General stock traded up $0.55 during trading hours on Friday, hitting $76.68. The stock had a trading volume of 3,527,346 shares, compared to its average volume of 3,385,456. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 2.17 and a beta of 0.43. The stock's fifty day moving average is $73.27 and its two-hundred day moving average is $83.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $1.26 earnings per share. Dollar General's revenue was up 5.0% on a year-over-year basis. As a group, analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General's payout ratio is currently 38.88%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DG. Barclays decreased their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, January 9th. Truist Financial decreased their price target on Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a report on Friday, December 6th. Bank of America raised shares of Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. Jefferies Financial Group cut their price objective on shares of Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, November 15th. Finally, The Goldman Sachs Group lowered their target price on shares of 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, fourteen have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Dollar General has an average rating of "Hold" and a consensus target price of $96.77.

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.