Mount Yale Investment Advisors LLC Has $888,000 Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Mount Yale Investment Advisors LLC reduced its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 2,364 shares of the company’s stock after selling 123 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Casey’s General Stores were worth $888,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its stake in shares of Casey’s General Stores by 250.1% in the third quarter. CENTRAL TRUST Co now owns 1,663 shares of the company’s stock worth $625,000 after buying an additional 1,188 shares during the last quarter. YHB Investment Advisors Inc. raised its holdings in Casey’s General Stores by 7.6% in the 3rd quarter. YHB Investment Advisors Inc. now owns 1,756 shares of the company’s stock worth $660,000 after acquiring an additional 124 shares during the period. International Assets Investment Management LLC acquired a new position in Casey’s General Stores during the 3rd quarter worth $959,880,000. Private Advisor Group LLC boosted its holdings in Casey’s General Stores by 1.1% during the third quarter. Private Advisor Group LLC now owns 3,645 shares of the company’s stock valued at $1,370,000 after acquiring an additional 41 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Casey’s General Stores by 21.9% in the third quarter. Sequoia Financial Advisors LLC now owns 2,699 shares of the company’s stock valued at $1,014,000 after purchasing an additional 484 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 1.2 %

Shares of CASY stock opened at $391.13 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The firm has a fifty day moving average of $376.38 and a 200-day moving average of $359.85. Casey’s General Stores, Inc. has a 52-week low of $266.55 and a 52-week high of $401.07. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 29.12 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.52 earnings per share. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.89%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Mike Spanos bought 267 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Melius Research initiated coverage on Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. Evercore ISI raised their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Royal Bank of Canada boosted their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. downgraded shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price target for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Finally, Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective on the stock in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $408.09.

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.