MGO One Seven LLC Acquires 586 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

MGO One Seven LLC increased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,172 shares of the company's stock after buying an additional 586 shares during the quarter. MGO One Seven LLC's holdings in Casey's General Stores were worth $1,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Casey's General Stores in the 4th quarter valued at $236,500,000. Norges Bank bought a new stake in Casey's General Stores in the fourth quarter valued at about $175,607,000. Wellington Management Group LLP raised its position in Casey's General Stores by 160.1% in the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock worth $169,666,000 after purchasing an additional 263,545 shares in the last quarter. Franklin Resources Inc. lifted its stake in Casey's General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock worth $204,861,000 after purchasing an additional 174,586 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Casey's General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after purchasing an additional 119,350 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Stock Up 1.5 %

Shares of CASY stock traded up $6.89 on Monday, hitting $454.23. 291,143 shares of the stock were exchanged, compared to its average volume of 286,393. 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 firm has a market capitalization of $16.86 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a fifty-two week low of $313.67 and a fifty-two week high of $468.88. The business has a 50-day moving average of $423.31 and a 200 day moving average of $413.61.

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

Casey's General Stores Announces Dividend

The firm also recently declared 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. This represents a $2.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is 13.94%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CASY shares. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Stephens raised Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Evercore ISI increased their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, KeyCorp began coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Insider Buying and Selling at Casey's General Stores

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

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.