Commerce Bank lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,428 shares of the company’s stock after buying an additional 194 shares during the period. Commerce Bank’s holdings in Casey’s General Stores were worth $4,669,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CASY. Mitsubishi UFJ Trust & Banking Corp increased its stake in Casey’s General Stores by 66.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,970 shares of the company’s stock worth $937,000 after acquiring an additional 1,190 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in shares of Casey’s General Stores during the 1st quarter worth about $253,000. Advisors Asset Management Inc. acquired a new stake in Casey’s General Stores during the 1st quarter worth approximately $32,000. Price T Rowe Associates Inc. MD raised its holdings in Casey’s General Stores by 9.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 174,421 shares of the company’s stock valued at $55,546,000 after buying an additional 15,535 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Casey’s General Stores by 1.4% during the first quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after buying an additional 10,841 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Casey’s General Stores
In related 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 transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on CASY
Casey’s General Stores Stock Up 2.8 %
Shares of NASDAQ:CASY opened at $427.88 on Friday. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $428.61. 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 firm has a market cap of $15.88 billion, a PE ratio of 31.14 and a beta of 0.79. The company has a fifty day simple moving average of $390.34 and a 200 day simple moving average of $372.51.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion for 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.52 EPS. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.
Casey’s General Stores Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Friday, November 1st. Casey’s General Stores’s dividend payout ratio is presently 14.56%.
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.
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