447 Shares in Casey’s General Stores, Inc. $CASY Purchased by PDS Planning Inc

PDS Planning Inc bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 447 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Casey’s General Stores by 190.6% in the first quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock worth $540,081,000 after buying an additional 816,110 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Casey’s General Stores by 42.0% in the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after buying an additional 306,628 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Casey’s General Stores by 8.9% in the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock worth $282,045,000 after buying an additional 52,939 shares in the last quarter. Bank of New York Mellon Corp raised its position in Casey’s General Stores by 51.5% during the first quarter. Bank of New York Mellon Corp now owns 515,603 shares of the company’s stock valued at $223,792,000 after purchasing an additional 175,372 shares during the period. Finally, Northern Trust Corp raised its position in Casey’s General Stores by 0.6% during the first quarter. Northern Trust Corp now owns 334,445 shares of the company’s stock valued at $145,163,000 after purchasing an additional 1,941 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CASY. The Goldman Sachs Group upped their price objective on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Stephens restated an “overweight” rating and set a $570.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price objective on Casey’s General Stores from $540.00 to $580.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Royal Bank Of Canada upped their price objective on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group upped their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $533.10.

Casey’s General Stores Trading Up 0.8%

Shares of NASDAQ CASY opened at $556.67 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The business’s 50 day moving average price is $529.63 and its 200-day moving average price is $494.15. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $571.57. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 35.73 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the firm earned $4.83 earnings per share. Casey’s General Stores’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is 14.63%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.