Mackenzie Financial Corp Sells 2,330 Shares of Dollar General Co. (NYSE:DG)

Mackenzie Financial Corp cut its holdings in Dollar General Co. (NYSE:DG) by 4.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,593 shares of the company’s stock after selling 2,330 shares during the quarter. Mackenzie Financial Corp’s holdings in Dollar General were worth $6,425,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DG. Bank & Trust Co bought a new stake in shares of Dollar General during the second quarter worth $26,000. Fortis Group Advisors LLC raised its stake in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General in the 2nd quarter valued at about $33,000. Studio Investment Management LLC boosted its position in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in shares of Dollar General during the second quarter worth about $37,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Down 3.1 %

Shares of DG opened at $84.57 on Tuesday. The firm has a market cap of $18.60 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The firm’s 50-day simple moving average is $103.78 and its 200 day simple moving average is $126.65.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS. On average, analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio is 34.35%.

Analyst Ratings Changes

Several equities research analysts have commented on DG shares. Melius Research began coverage on Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 target price on the stock. Loop Capital cut their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Evercore ISI decreased their target price on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research report on Friday, August 30th. The Goldman Sachs Group cut their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group decreased their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $109.48.

Insiders Place Their Bets

In other Dollar General news, Director Warren F. Bryant bought 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Warren F. Bryant acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Warren F. Bryant bought 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares in the company, valued at $3,298,812. The disclosure for this purchase can be found here. Corporate 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.