Money Concepts Capital Corp Purchases 141 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Money Concepts Capital Corp lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,374 shares of the company’s stock after purchasing an additional 141 shares during the quarter. Money Concepts Capital Corp’s holdings in Casey’s General Stores were worth $545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey’s General Stores in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC boosted its holdings in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in shares of Casey’s General Stores in the 3rd quarter worth about $76,000. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This represents a 19.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CASY has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Royal Bank of Canada increased their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Gordon Haskett began coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Stock Up 1.4 %

CASY stock opened at $435.27 on Friday. The business’s 50-day moving average is $408.61 and its two-hundred day moving average is $393.05. Casey’s General Stores, Inc. has a fifty-two week low of $274.81 and a fifty-two week high of $439.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 30.33, a P/E/G ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.24 earnings per share. As a group, analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Casey’s General Stores 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.