Foster Group Inc. Increases Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Foster Group Inc. raised its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 108.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,200 shares of the company's stock after purchasing an additional 3,748 shares during the period. Foster Group Inc.'s holdings in Casey's General Stores were worth $2,853,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CASY. Endeavor Private Wealth Inc. purchased a new position in Casey's General Stores during the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC increased its stake in shares of Casey's General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after acquiring an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised 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 acquiring an additional 29 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Casey's General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after acquiring an additional 29 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Casey's General Stores in the second quarter valued at about $72,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 500 shares of the business's stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now owns 3,097 shares of the company's stock, valued at $1,228,765.72. This trade represents 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 company insiders.

Casey's General Stores Stock Up 0.4 %

NASDAQ:CASY traded up $1.60 during midday trading on Wednesday, reaching $417.30. The company had a trading volume of 105,260 shares, compared to its average volume of 238,607. Casey's General Stores, Inc. has a 12-month low of $268.96 and a 12-month high of $439.68. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 2.29 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock's fifty day simple moving average is $408.28 and its 200-day simple moving average is $391.02.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 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 company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. During the same quarter in the previous year, the business posted $4.24 EPS. The firm's revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio is presently 13.94%.

Analyst Upgrades and Downgrades

CASY has been the topic of several recent analyst reports. BMO Capital Markets reiterated a "market perform" rating and issued a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Gordon Haskett assumed coverage on shares of Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price target on the stock. 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. Royal Bank of Canada lifted their target price on Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a research report on Tuesday, December 10th. Finally, Evercore ISI increased their price target on Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $424.00.

About Casey's General Stores

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.