National Bank of Canada FI Reduces Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

National Bank of Canada FI reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 91.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,940 shares of the company’s stock after selling 414,344 shares during the period. National Bank of Canada FI’s holdings in Casey’s General Stores were worth $11,030,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BKM Wealth Management LLC bought a new position in Casey’s General Stores in the fourth quarter worth about $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Casey’s General Stores in the fourth quarter worth $36,000. Harvest Fund Management Co. Ltd bought a new stake in Casey’s General Stores in the third quarter valued at $38,000. Milestone Investment Advisors LLC bought a new position in Casey’s General Stores in the 3rd quarter worth about $43,000. Finally, SRS Capital Advisors Inc. increased its position in Casey’s General Stores by 283.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 165 shares of the company’s stock valued at $45,000 after acquiring an additional 122 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $327.90 on Thursday. The stock has a market capitalization of $12.14 billion, a PE ratio of 26.07, a P/E/G ratio of 2.28 and a beta of 0.82. The stock has a 50-day simple moving average of $312.20 and a 200 day simple moving average of $290.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. Casey’s General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $332.95.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the business earned $2.36 earnings per share. Casey’s General Stores’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is 13.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Wells Fargo & Company raised their price objective on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Benchmark reissued a “buy” rating and issued a $312.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Finally, Evercore ISI reduced their target price on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.63.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.