Bessemer Group Inc. Has $731,000 Holdings in Dollar General Corporation $DG

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

A number of other institutional investors and hedge funds also recently made changes to their positions in DG. Vontobel Holding Ltd. lifted its position in shares of Dollar General by 34.8% during the 1st quarter. Vontobel Holding Ltd. now owns 17,620 shares of the company’s stock worth $1,549,000 after purchasing an additional 4,546 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Dollar General by 2.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,204 shares of the company’s stock worth $2,392,000 after purchasing an additional 699 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Dollar General during the 1st quarter worth about $2,827,000. Oregon Public Employees Retirement Fund lifted its position in shares of Dollar General by 6.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,046 shares of the company’s stock worth $1,763,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new position in shares of Dollar General during the 1st quarter worth about $533,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Dollar General in a research report on Tuesday, October 14th. Truist Financial boosted their price objective on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Morgan Stanley boosted their price objective on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a research report on Friday, August 29th. Finally, Barclays boosted their price target on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.64.

Dollar General Trading Down 0.9%

DG stock opened at $98.68 on Friday. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95. The firm has a market cap of $21.72 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.10 and a beta of 0.30. The business’s 50 day moving average is $104.25 and its 200-day moving average is $105.26. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $10.68 billion. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

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.