Monarch Capital Management Inc. Has $1.39 Million Holdings in Dollar General Co. (NYSE:DG)

Monarch Capital Management Inc. grew its holdings in shares of Dollar General Co. (NYSE:DG) by 39.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,793 shares of the company’s stock after acquiring an additional 4,465 shares during the quarter. Monarch Capital Management Inc.’s holdings in Dollar General were worth $1,389,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new position in Dollar General in the 4th quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in Dollar General during the 4th quarter worth $25,000. Ameriflex Group Inc. acquired a new position in Dollar General in the 4th quarter worth about $31,000. Providence First Trust Co acquired a new stake in shares of Dollar General during the fourth quarter valued at about $33,000. Finally, Bogart Wealth LLC boosted its stake in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 1.9%

Dollar General stock opened at $111.11 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 cap of $24.45 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The firm’s 50-day simple moving average is $95.68 and its 200 day simple moving average is $83.13.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.65 earnings per share. Research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General’s dividend payout ratio is currently 45.04%.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research reports. Gordon Haskett upgraded shares of Dollar General from a “reduce” rating to an “accumulate” rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Cfra Research upgraded Dollar General to a “hold” rating in a report on Tuesday, June 3rd. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Finally, Barclays lifted their price objective on Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.04.

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.