DekaBank Deutsche Girozentrale Purchases 1,194 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

DekaBank Deutsche Girozentrale raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,911 shares of the company’s stock after acquiring an additional 1,194 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Casey’s General Stores were worth $3,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CASY. Susquehanna Fundamental Investments LLC purchased a new position in Casey’s General Stores during the 1st quarter valued at $794,000. Nordea Investment Management AB increased its position in Casey’s General Stores by 2.0% during the 1st quarter. Nordea Investment Management AB now owns 21,919 shares of the company’s stock valued at $6,976,000 after purchasing an additional 437 shares during the period. Bailard Inc. purchased a new position in Casey’s General Stores during the 2nd quarter valued at $1,021,000. SG Americas Securities LLC purchased a new position in Casey’s General Stores during the 2nd quarter valued at $2,183,000. Finally, Cetera Investment Advisers increased its position in Casey’s General Stores by 255.8% during the 1st quarter. Cetera Investment Advisers now owns 9,291 shares of the company’s stock valued at $2,959,000 after purchasing an additional 6,680 shares during the period. 85.63% of the stock is owned by institutional investors.

Insider Activity at Casey’s General Stores

In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Stock Down 0.2 %

CASY stock opened at $393.19 on Friday. Casey’s General Stores, Inc. has a 1-year low of $266.56 and a 1-year high of $401.17. The business has a fifty day moving average price of $378.56 and a 200-day moving average price of $362.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The stock has a market capitalization of $14.60 billion, a P/E ratio of 28.62 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. Casey’s General Stores’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.52 earnings per share. Equities analysts forecast that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CASY shares. Royal Bank of Canada boosted their price objective on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Benchmark reaffirmed a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 10th. JPMorgan Chase & Co. downgraded shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, Melius Research assumed coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $408.09.

Casey’s General Stores Profile

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.