Barclays PLC Acquires 11,802 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Barclays PLC boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 110.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,487 shares of the company’s stock after buying an additional 11,802 shares during the quarter. Barclays PLC’s holdings in Casey’s General Stores were worth $8,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new position in shares of Casey’s General Stores in the third quarter worth about $1,245,000. MML Investors Services LLC increased its position in Casey’s General Stores by 14.3% during the 3rd quarter. MML Investors Services LLC now owns 4,176 shares of the company’s stock worth $1,569,000 after purchasing an additional 522 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Casey’s General Stores by 79.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,215 shares of the company’s stock worth $7,971,000 after purchasing an additional 9,394 shares in the last quarter. XTX Topco Ltd bought a new position in Casey’s General Stores in the 3rd quarter valued at approximately $397,000. Finally, Wellington Management Group LLP boosted its position in Casey’s General Stores by 281.4% in the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock valued at $61,863,000 after buying an additional 121,488 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Melius Research began coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their target price for the company from $300.00 to $337.00 in a research report on Thursday, September 19th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $419.45.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $421.39 on Wednesday. The stock’s 50 day moving average is $406.89 and its 200 day moving average is $383.42. Casey’s General Stores, Inc. has a one year low of $268.07 and a one year high of $439.68. The firm has a market cap of $15.64 billion, a P/E ratio of 29.37 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the business earned $4.24 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts expect that Casey’s General Stores, Inc. will post 14.28 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.47%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

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.