State Street Corp Sells 24,298 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

State Street Corp lowered its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,297,566 shares of the company's stock after selling 24,298 shares during the period. State Street Corp owned approximately 3.50% of Casey's General Stores worth $487,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Soros Capital Management LLC boosted its position in Casey's General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock valued at $10,382,000 after buying an additional 26,197 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Casey's General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock valued at $5,532,000 after acquiring an additional 1,332 shares during the last quarter. FMR LLC boosted its holdings in shares of 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 purchasing an additional 38,226 shares during the period. OneDigital Investment Advisors LLC grew its stake in shares of Casey's General Stores by 111.7% in the third quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company's stock worth $1,504,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in Casey's General Stores by 5.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company's stock valued at $18,362,000 after purchasing an additional 2,679 shares during the period. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Down 1.0 %

CASY traded down $4.16 during trading on Monday, hitting $418.11. 473,938 shares of the company's stock traded hands, compared to its average volume of 265,554. Casey's General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $435.60. The company's 50 day simple moving average is $399.97 and its two-hundred day simple moving average is $379.10. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 30.73 and a beta of 0.80.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. Casey's General Stores's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $4.24 EPS. Analysts predict that Casey's General Stores, Inc. will post 14.22 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. Casey's General Stores's dividend payout ratio (DPR) is 14.56%.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Evercore ISI increased their price objective on Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Royal Bank of Canada lifted their price target on shares of Casey's General Stores from $393.00 to $403.00 and gave the company a "sector perform" rating in a report on Thursday, September 5th. Melius Research assumed coverage on shares of Casey's General Stores in a report on Monday, September 23rd. They issued a "buy" rating and a $435.00 price objective for the company. Gordon Haskett initiated coverage on shares of Casey's General Stores in a research report on Monday, November 4th. They issued a "hold" rating and a $400.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $408.25.

Insider Buying and Selling

In other news, Director Mike Spanos bought 267 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares of the company's stock, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Casey's General Stores Company 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.