Mattern Capital Management LLC Has $682,000 Position in Dollar General Co. (NYSE:DG)

Mattern Capital Management LLC increased its stake in Dollar General Co. (NYSE:DG) by 53.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,994 shares of the company’s stock after purchasing an additional 3,128 shares during the quarter. Mattern Capital Management LLC’s holdings in Dollar General were worth $682,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the 3rd quarter worth approximately $33,000. Bogart Wealth LLC lifted its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after buying an additional 278 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Dollar General during the fourth quarter worth approximately $39,000. Finally, Kentucky Trust Co acquired a new position in shares of Dollar General during the fourth quarter worth approximately $48,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of NYSE:DG opened at $76.16 on Friday. The business’s fifty day moving average price is $73.27 and its two-hundred day moving average price is $83.28. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The stock has a market capitalization of $16.75 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $1.26 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. As a group, analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Transactions at Dollar General

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

Analyst Ratings Changes

DG has been the subject of a number of research analyst reports. Bernstein Bank cut their price target on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. BMO Capital Markets upped their price target on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. cut their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Truist Financial cut their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $96.77.

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.