Illinois Municipal Retirement Fund Sells 1,772 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Illinois Municipal Retirement Fund lowered its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 10.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,973 shares of the company's stock after selling 1,772 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Casey's General Stores were worth $5,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC boosted its holdings in Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after buying an additional 38,226 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Casey's General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after buying an additional 119,350 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Casey's General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock valued at $246,335,000 after purchasing an additional 8,428 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Casey's General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock worth $204,861,000 after buying an additional 174,586 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Casey's General Stores by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 340,231 shares of the company's stock valued at $134,810,000 after purchasing an additional 3,321 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

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Casey's General Stores Stock Performance

Casey's General Stores stock traded up $5.12 during midday trading on Friday, reaching $414.21. 226,895 shares of the company traded hands, compared to its average volume of 272,484. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The business has a 50 day moving average of $410.37 and a two-hundred day moving average of $398.39. Casey's General Stores, Inc. has a 12 month low of $290.00 and a 12 month high of $445.17.

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

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Investors 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 yield of 0.48%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CASY. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their target price on shares of Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research report on Tuesday, December 10th. Evercore ISI boosted their price objective on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a report on Thursday. Finally, BMO Capital Markets reissued a "market perform" rating and set 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

Insider Activity at Casey's General Stores

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

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.