Mutual of America Capital Management LLC Lowers Position in Dollar General Co. (NYSE:DG)

Mutual of America Capital Management LLC trimmed its position in Dollar General Co. (NYSE:DG) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,106 shares of the company’s stock after selling 621 shares during the period. Mutual of America Capital Management LLC’s holdings in Dollar General were worth $2,292,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. raised its position in Dollar General by 3.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the last quarter. Pullen Investment Management LLC increased its stake in Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after acquiring an additional 87 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after buying an additional 103 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in shares of Dollar General by 7.3% in the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock worth $220,000 after buying an additional 113 shares during the period. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays dropped their target price on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Truist Financial cut their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Loop Capital reduced their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus target price of $104.00.

Dollar General Stock Performance

Shares of DG opened at $74.93 on Monday. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The company’s fifty day moving average is $81.16 and its two-hundred day moving average is $107.79. The stock has a market capitalization of $16.48 billion, a P/E ratio of 11.64, a P/E/G ratio of 2.16 and a beta of 0.45. 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 (NYSE:DG) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.15%. Dollar General’s dividend payout ratio is currently 36.65%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

About Dollar General

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.