Capital International Investors Discloses Passive Stake in Dollar General

TL;DR

**Big investor Capital International Investors just revealed a passive stake in Dollar General.**

AI Summary

Capital International Investors, a Delaware-based investment firm, reported on February 9, 2024, that as of December 29, 2023, they hold a significant stake in Dollar General Corp. (DG) common stock. This filing indicates a passive investment, meaning Capital International Investors isn't looking to influence Dollar General's management. For investors, this shows a major institutional investor has confidence in Dollar General, potentially signaling stability or future growth prospects for the stock.

Why It Matters

A large institutional investor like Capital International Investors taking a position can be seen as a vote of confidence, potentially attracting other investors and influencing stock price positively.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate negative risks to the company or its shareholders.

Analyst Insight

Smart investors should note this institutional vote of confidence and consider researching Dollar General's fundamentals to see if it aligns with their investment strategy, as large passive stakes can sometimes precede increased investor interest.

Key Players & Entities

• Capital International Investors (company) — the reporting person, a Delaware-based investment firm
• Dollar General Corp. (company) — the subject company, a retail-variety store chain
• December 29, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G
• 95-1411037 (person) — IRS Identification Number for Capital International Investors

Forward-Looking Statements

• Other institutional investors may review Dollar General's stock more favorably due to Capital International Investors' disclosed stake. (Dollar General Corp.) — medium confidence, target: Next 3-6 months

FAQ

From the Filing

0001422848-24-000156.txt : 20240209 0001422848-24-000156.hdr.sgml : 20240209 20240209180554 ACCESSION NUMBER: 0001422848-24-000156 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DOLLAR GENERAL CORP CENTRAL INDEX KEY: 0000029534 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 610502302 STATE OF INCORPORATION: TN FISCAL YEAR END: 0202 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-40997 FILM NUMBER: 24616643 BUSINESS ADDRESS: STREET 1: 100 MISSION RIDGE CITY: GOODLETTSVILLE STATE: TN ZIP: 37072 BUSINESS PHONE: 6158554000 MAIL ADDRESS: STREET 1: 100 MISSION RIDGE CITY: GOODLETTSVILLE STATE: TN ZIP: 37072 FORMER COMPANY: FORMER CONFORMED NAME: TURNER CAL DATE OF NAME CHANGE: 19710401 FORMER COMPANY: FORMER CONFORMED NAME: TURNER J L & SON INC DATE OF NAME CHANGE: 19710401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital International Investors CENTRAL INDEX KEY: 0001562230 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: Capital Research & Management Co - Division 3 DATE OF NAME CHANGE: 20121114 SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Dollar General Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 256677105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 256677105 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital International Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 19,126,583 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 19,181,090 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,181,090 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.7% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Dollar General Corp. (b) Address of Issuer's Principal Executive Offices 100 Mission Ridge, Goodlettsville, TN 37072 Item 2. (a) Name of Person Filing Capital International Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 256677105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person