Wellington Management Group LLP Has $61.86 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Wellington Management Group LLP boosted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 281.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,656 shares of the company's stock after buying an additional 121,488 shares during the period. Wellington Management Group LLP owned 0.44% of Casey's General Stores worth $61,863,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Stifel Financial Corp increased its position in Casey's General Stores by 4.2% in the third quarter. Stifel Financial Corp now owns 68,287 shares of the company's stock worth $25,672,000 after buying an additional 2,722 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Casey's General Stores by 14.6% during the third quarter. Quantinno Capital Management LP now owns 8,696 shares of the company's stock valued at $3,267,000 after buying an additional 1,111 shares during the period. Point72 DIFC Ltd bought a new position in Casey's General Stores in the 3rd quarter worth about $1,700,000. Point72 Asset Management L.P. increased its stake in shares of Casey's General Stores by 325.4% during the third quarter. Point72 Asset Management L.P. now owns 40,740 shares of the company's stock valued at $15,306,000 after buying an additional 31,163 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in Casey's General Stores by 109.7% in the third quarter. Integrated Wealth Concepts LLC now owns 1,726 shares of the company's stock worth $649,000 after buying an additional 903 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Insider Buying and Selling

In other Casey's General Stores news, Director Mike Spanos purchased 267 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, with a total value of $100,440.06. Following the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CASY shares. JPMorgan Chase & Co. downgraded shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and lifted their price objective for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Benchmark reaffirmed 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. Wells Fargo & Company lifted their target price on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft upped their price target on Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Evercore ISI lifted their target price on Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus target price of $410.33.

Casey's General Stores Stock Up 2.6 %

NASDAQ:CASY traded up $10.95 during trading hours on Wednesday, hitting $427.81. 391,657 shares of the company's stock traded hands, compared to its average volume of 266,989. The stock's fifty day moving average price is $401.61 and its two-hundred day moving average price is $380.19. The firm has a market cap of $15.88 billion, a P/E ratio of 30.34 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $439.68.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. Casey's General Stores's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.24 earnings per share. On average, research analysts expect 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 firm also recently announced 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 0.47%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio (DPR) is presently 14.56%.

About Casey's General Stores

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.