Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,483 shares of the company’s stock after acquiring an additional 140 shares during the period. UMB Bank n.a.’s holdings in Casey’s General Stores were worth $933,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. AdvisorNet Financial Inc raised its stake in shares of Casey’s General Stores by 10.1% in the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company’s stock valued at $121,000 after acquiring an additional 29 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Casey’s General Stores by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company’s stock valued at $4,872,000 after buying an additional 37 shares during the last quarter. GAMMA Investing LLC increased its holdings in Casey’s General Stores by 12.8% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $112,000 after buying an additional 40 shares during the last quarter. Prairie Wealth Advisors Inc. increased its holdings in Casey’s General Stores by 0.9% in the second quarter. Prairie Wealth Advisors Inc. now owns 4,535 shares of the company’s stock valued at $1,730,000 after buying an additional 40 shares during the last quarter. Finally, Mckinley Capital Management LLC increased its holdings in Casey’s General Stores by 1.9% in the first quarter. Mckinley Capital Management LLC now owns 2,705 shares of the company’s stock valued at $861,000 after buying an additional 50 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 267 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’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 completion of the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos acquired 267 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $385.90 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07. The business’s 50-day moving average price is $372.96 and its 200 day moving average price is $354.71. The firm has a market cap of $14.32 billion, a P/E ratio of 28.09 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the company posted $4.52 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is currently 14.56%.

Wall Street Analysts Forecast Growth

CASY has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $410.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 10th. Royal Bank of Canada increased their target price on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their target price on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a report on Monday, July 29th. Evercore ISI raised their price objective on Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Melius Research started coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average target price of $407.64.

Casey’s General Stores Company 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.