Mizuho Markets Americas LLC Sells 34,087 Shares of Dollar General Co. (NYSE:DG)

Mizuho Markets Americas LLC decreased its stake in Dollar General Co. (NYSE:DG) by 29.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,787 shares of the company’s stock after selling 34,087 shares during the period. Mizuho Markets Americas LLC’s holdings in Dollar General were worth $6,917,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Bank & Trust Co acquired a new stake in shares of Dollar General in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General in the second quarter valued at approximately $33,000. Crewe Advisors LLC acquired a new stake in shares of Dollar General in the first quarter valued at approximately $40,000. Studio Investment Management LLC raised its position in shares of Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Dollar General in the first quarter valued at approximately $45,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DG. Barclays dropped their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Gordon Haskett raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Bank of America decreased their price objective on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company decreased their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $104.45.

Dollar General Price Performance

Shares of NYSE DG opened at $75.88 on Friday. The firm’s 50-day moving average price is $81.85 and its 200-day moving average price is $110.38. Dollar General Co. has a 1-year low of $73.51 and a 1-year high of $168.07. The firm has a market capitalization of $16.69 billion, a P/E ratio of 11.78, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is 36.65%.

Insiders Place Their Bets

In related news, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. This represents a 41.05 % 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 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.