Mackenzie Financial Corp Sells 4,634 Shares of Dollar General Co. (NYSE:DG)

Mackenzie Financial Corp cut its position in shares of Dollar General Co. (NYSE:DG) by 8.1% during the 4th quarter, HoldingsChannel reports. The firm owned 52,769 shares of the company’s stock after selling 4,634 shares during the period. Mackenzie Financial Corp’s holdings in Dollar General were worth $7,174,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Manhattan Co. boosted its position in shares of Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Financial Freedom LLC bought a new stake in Dollar General in the fourth quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new stake in Dollar General in the first quarter worth $28,000. Atlas Capital Advisors LLC bought a new stake in Dollar General in the second quarter worth $32,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General in the fourth quarter worth $25,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. The Goldman Sachs Group boosted their target price on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Raymond James boosted their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Piper Sandler restated a “neutral” rating and issued a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $153.08.

Dollar General Stock Performance

Shares of DG opened at $144.82 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The business has a 50-day simple moving average of $149.63 and a two-hundred day simple moving average of $134.35. The stock has a market cap of $31.81 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.60 and a beta of 0.42. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.96 earnings per share. On average, analysts expect that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is 31.22%.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.