Mokosak Advisory Group LLC Sells 53 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Mokosak Advisory Group LLC reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,202 shares of the company’s stock after selling 53 shares during the quarter. Casey’s General Stores accounts for about 0.1% of Mokosak Advisory Group LLC’s holdings, making the stock its 21st biggest holding. Mokosak Advisory Group LLC’s holdings in Casey’s General Stores were worth $330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Casey’s General Stores by 9.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,966 shares of the company’s stock valued at $2,189,000 after purchasing an additional 676 shares during the last quarter. Prosperitas Financial LLC raised its position in Casey’s General Stores by 239.0% in the fourth quarter. Prosperitas Financial LLC now owns 5,248 shares of the company’s stock valued at $1,442,000 after purchasing an additional 3,700 shares during the last quarter. VELA Investment Management LLC raised its position in Casey’s General Stores by 1.9% in the fourth quarter. VELA Investment Management LLC now owns 16,166 shares of the company’s stock valued at $4,441,000 after purchasing an additional 299 shares during the last quarter. Invesco LLC raised its position in Casey’s General Stores by 6.4% in the fourth quarter. Invesco LLC now owns 2,493 shares of the company’s stock valued at $685,000 after purchasing an additional 151 shares during the last quarter. Finally, Strs Ohio raised its position in Casey’s General Stores by 1.9% in the fourth quarter. Strs Ohio now owns 135,154 shares of the company’s stock valued at $37,132,000 after purchasing an additional 2,499 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Trading Up 0.1 %

NASDAQ CASY traded up $0.23 during trading hours on Thursday, hitting $309.40. 328,329 shares of the company’s stock were exchanged, compared to its average volume of 280,647. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a 1-year low of $212.50 and a 1-year high of $324.40. The stock has a 50-day simple moving average of $303.89 and a 200 day simple moving average of $285.62. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.50 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the firm posted $2.36 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.56%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets increased their target price on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Benchmark reissued a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Wells Fargo & Company increased their price target on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Evercore ISI decreased their price target on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $312.63.

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.