Bank of New York Mellon Corp Has $134.81 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Bank of New York Mellon Corp grew its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 340,231 shares of the company's stock after buying an additional 3,321 shares during the period. Bank of New York Mellon Corp owned 0.92% of Casey's General Stores worth $134,810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in Casey's General Stores during the 4th quarter valued at $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey's General Stores in the fourth quarter valued at about $36,000. Venturi Wealth Management LLC lifted its stake in shares of Casey's General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after buying an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the period. Finally, Kennebec Savings Bank acquired a new position in Casey's General Stores in the 3rd quarter valued at about $76,000. 85.63% of the stock is currently owned by institutional investors.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now owns 2,247 shares of the company's stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 500 shares of Casey's General Stores stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on CASY. BMO Capital Markets restated a "market perform" rating and set a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada lifted their price target on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a report on Tuesday, December 10th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft increased their price objective on Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Evercore ISI boosted their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.

Casey's General Stores Price Performance

Casey's General Stores stock traded up $2.82 during trading hours on Tuesday, reaching $410.82. 102,315 shares of the stock were exchanged, compared to its average volume of 266,804. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a twelve month low of $290.00 and a twelve month high of $445.17. The company has a market cap of $15.25 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The stock has a 50 day moving average of $410.53 and a two-hundred day moving average of $398.82.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the business posted $4.24 EPS. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. Equities analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were paid a $0.50 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey's General Stores's payout ratio is 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.