Fmr LLC Has $412.74 Million Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

FMR LLC trimmed its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,041,664 shares of the company's stock after selling 5,166 shares during the period. FMR LLC owned about 2.81% of Casey's General Stores worth $412,739,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CASY. HighTower Advisors LLC increased its position in shares of Casey's General Stores by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 13,645 shares of the company's stock worth $5,156,000 after purchasing an additional 49 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Casey's General Stores by 109.7% during the third quarter. Integrated Wealth Concepts LLC now owns 1,726 shares of the company's stock worth $649,000 after buying an additional 903 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Casey's General Stores by 281.4% during the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company's stock worth $61,863,000 after buying an additional 121,488 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Casey's General Stores during the third quarter worth approximately $397,000. Finally, MML Investors Services LLC raised its stake in shares of Casey's General Stores by 14.3% in the third quarter. MML Investors Services LLC now owns 4,176 shares of the company's stock valued at $1,569,000 after acquiring an additional 522 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the sale, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. KeyCorp began coverage on Casey's General Stores in a report on Friday. They set an "overweight" rating and a $500.00 target price on the stock. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Evercore ISI increased their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Casey's General Stores Trading Up 1.1 %

NASDAQ:CASY traded up $5.28 during trading hours on Tuesday, hitting $466.06. The stock had a trading volume of 167,708 shares, compared to its average volume of 283,675. The business's 50 day moving average is $419.06 and its 200-day moving average is $408.60. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a one year low of $306.69 and a one year high of $467.78. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the business posted $2.33 EPS. The firm's revenue was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.43%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

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.