Allen Mooney & Barnes Investment Advisors LLC Has $10.06 Million Stake in Dollar General Co. (NYSE:DG)

Allen Mooney & Barnes Investment Advisors LLC lessened its stake in shares of Dollar General Co. (NYSE:DG) by 6.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 132,677 shares of the company’s stock after selling 9,497 shares during the period. Dollar General accounts for about 1.7% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 25th largest position. Allen Mooney & Barnes Investment Advisors LLC owned approximately 0.06% of Dollar General worth $10,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Dollar General in the second quarter valued at approximately $823,000. Choreo LLC acquired a new stake in Dollar General in the 2nd quarter valued at $419,000. American Century Companies Inc. increased its stake in Dollar General by 27.8% during the 2nd quarter. American Century Companies Inc. now owns 44,805 shares of the company’s stock valued at $5,925,000 after purchasing an additional 9,757 shares in the last quarter. Federated Hermes Inc. raised its holdings in Dollar General by 1,500.9% during the second quarter. Federated Hermes Inc. now owns 19,339 shares of the company’s stock worth $2,557,000 after buying an additional 18,131 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Dollar General in the second quarter valued at $55,986,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DG shares. BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and cut their target price for the company from $91.00 to $73.00 in a research report on Friday, September 27th. Truist Financial lowered their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Barclays dropped their target price on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Finally, Evercore ISI reduced their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $98.18.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of DG opened at $69.45 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 2.29 and a beta of 0.44. Dollar General Co. has a 52-week low of $69.33 and a 52-week high of $168.07. The stock’s 50-day simple moving average is $76.06 and its 200 day simple moving average is $92.61.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the firm posted $1.26 EPS. Dollar General’s revenue was up 5.0% on a year-over-year basis. Research analysts forecast that Dollar General Co. will post 5.76 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Dollar General Company 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.