DekaBank Deutsche Girozentrale Raises Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

DekaBank Deutsche Girozentrale raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,911 shares of the company’s stock after purchasing an additional 1,194 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Casey’s General Stores were worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Casey’s General Stores during the first quarter valued at approximately $794,000. Nordea Investment Management AB raised its position in Casey’s General Stores by 2.0% during the first quarter. Nordea Investment Management AB now owns 21,919 shares of the company’s stock valued at $6,976,000 after purchasing an additional 437 shares during the period. Bailard Inc. purchased a new stake in Casey’s General Stores during the second quarter valued at approximately $1,021,000. SG Americas Securities LLC purchased a new stake in Casey’s General Stores during the second quarter valued at approximately $2,183,000. Finally, Cetera Investment Advisers raised its position in Casey’s General Stores by 255.8% during the first quarter. Cetera Investment Advisers now owns 9,291 shares of the company’s stock valued at $2,959,000 after purchasing an additional 6,680 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Down 0.2 %

Shares of NASDAQ:CASY opened at $393.19 on Friday. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $401.17. The stock has a market cap of $14.60 billion, a P/E ratio of 28.62 and a beta of 0.80. The business’s 50 day moving average is $378.56 and its 200 day moving average is $362.82. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.52 EPS. Sell-side analysts predict that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Analyst Ratings Changes

CASY has been the topic of a number of recent research reports. Melius Research initiated coverage on Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Thursday, July 11th. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. Royal Bank of Canada increased their price target on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a report on Thursday, September 5th. Finally, Wells Fargo & Company increased their price target on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $408.09.

Insider Buying and Selling 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 sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

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.