Wendell David Associates Inc. Increases Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Wendell David Associates Inc. lifted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,855 shares of the company's stock after acquiring an additional 965 shares during the period. Wendell David Associates Inc.'s holdings in Casey's General Stores were worth $2,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its holdings in shares of Casey's General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after acquiring an additional 113 shares in the last quarter. V Square Quantitative Management LLC grew its position in Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the last quarter. Quarry LP bought a new position in shares of Casey's General Stores in the second quarter valued at $72,000. Finally, Kennebec Savings Bank acquired a new position in shares of Casey's General Stores during the third quarter valued at about $76,000. 85.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CASY shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com lowered Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Friday, December 13th. BMO Capital Markets reiterated a "market perform" rating and set a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Evercore ISI upped their target price on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Finally, Royal Bank of Canada upped 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 note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $424.00.

Casey's General Stores Stock Performance

Shares of CASY stock traded up $6.58 on Thursday, hitting $407.79. 300,314 shares of the stock were exchanged, compared to its average volume of 239,179. 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 $15.14 billion, a PE ratio of 28.42, a P/E/G ratio of 2.29 and a beta of 0.82. Casey's General Stores, Inc. has a one year low of $268.07 and a one year high of $439.68. The firm's 50 day moving average is $407.69 and its two-hundred day moving average is $389.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its 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 firm 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $4.24 earnings per share. Sell-side analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's payout ratio is currently 13.94%.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 450 shares of Casey's General Stores 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 of the company's stock, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mike Spanos acquired 500 shares of the company's stock in a transaction that occurred on 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 purchase, the director now directly owns 3,097 shares of the company's stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is 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.