Oddo BHF Asset Management Sas Makes New $899,000 Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

Oddo BHF Asset Management Sas bought a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,392 shares of the company's stock, valued at approximately $899,000.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. grew its holdings in Casey's General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after buying an additional 174,586 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Casey's General Stores by 74.4% during the 3rd quarter. Synovus Financial Corp now owns 16,595 shares of the company's stock valued at $6,235,000 after acquiring an additional 7,078 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Casey's General Stores by 10.5% in the third quarter. Sanctuary Advisors LLC now owns 5,514 shares of the company's stock valued at $2,072,000 after purchasing an additional 523 shares during the period. Sunbelt Securities Inc. increased its position in Casey's General Stores by 6.0% during the third quarter. Sunbelt Securities Inc. now owns 1,960 shares of the company's stock worth $736,000 after purchasing an additional 111 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Casey's General Stores by 7.4% during the third quarter. Coldstream Capital Management Inc. now owns 1,061 shares of the company's stock worth $401,000 after purchasing an additional 73 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CASY. Melius Research began coverage on shares of Casey's General Stores in a research note on Monday, September 23rd. They issued a "buy" rating and a $435.00 price target for the company. Benchmark reissued a "buy" rating and set a $410.00 target price on shares of Casey's General Stores in a research note on Tuesday, September 10th. JPMorgan Chase & Co. downgraded Casey's General Stores from a "neutral" rating to an "underweight" rating and lifted their target price for the company from $300.00 to $337.00 in a research report on Thursday, September 19th. 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. Finally, Royal Bank of Canada boosted their price objective on shares of Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $419.45.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 2,247 shares of the company's stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mike Spanos acquired 267 shares of Casey's General Stores stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the acquisition, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 11.47 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Casey's General Stores Trading Down 0.1 %

NASDAQ:CASY traded down $0.43 on Friday, reaching $425.27. 187,688 shares of the company's stock were exchanged, compared to its average volume of 266,349. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 29.64 and a beta of 0.80. Casey's General Stores, Inc. has a 52-week low of $266.58 and a 52-week high of $439.68. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $405.04 and a 200-day moving average of $381.71.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion for 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 firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.24 EPS. As a group, analysts expect that Casey's General Stores, Inc. will post 14.28 earnings per share for the current year.

Casey's General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Casey's General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.