Bessemer Group Inc. Acquires 2,800 Shares of Dollar General Corporation $DG

Bessemer Group Inc. increased its holdings in shares of Dollar General Corporation (NYSE:DG) by 78.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,384 shares of the company’s stock after acquiring an additional 2,800 shares during the period. Bessemer Group Inc.’s holdings in Dollar General were worth $731,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Dollar General during the 2nd quarter worth approximately $214,000. Envestnet Asset Management Inc. lifted its holdings in Dollar General by 5.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 951,358 shares of the company’s stock worth $108,816,000 after buying an additional 53,306 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Dollar General by 4.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 26,924 shares of the company’s stock worth $3,080,000 after buying an additional 1,030 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in Dollar General by 499.6% during the 2nd quarter. Wealthfront Advisers LLC now owns 105,896 shares of the company’s stock worth $12,112,000 after buying an additional 88,234 shares in the last quarter. Finally, QV Investors Inc. lifted its holdings in Dollar General by 19.1% during the 2nd quarter. QV Investors Inc. now owns 169,960 shares of the company’s stock worth $19,440,000 after buying an additional 27,200 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Performance

DG stock opened at $98.68 on Friday. The business’s fifty day moving average is $104.25 and its 200-day moving average is $105.26. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The company has a market cap of $21.72 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were given a $0.59 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.4%. Dollar General’s dividend payout ratio is currently 43.70%.

Analysts Set New Price Targets

DG has been the topic of several research reports. Gordon Haskett reduced their price objective on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Loop Capital upped their price objective on Dollar General from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Thursday, July 10th. Sanford C. Bernstein upped their price objective on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Evercore ISI reduced their price objective on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Finally, Wells Fargo & Company upped their price objective on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $115.64.

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.