Consolidated Planning Corp Grows Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Consolidated Planning Corp raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 76.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,041 shares of the company’s stock after purchasing an additional 451 shares during the quarter. Consolidated Planning Corp’s holdings in Casey’s General Stores were worth $412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in Casey’s General Stores in the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey’s General Stores during the fourth quarter worth about $36,000. Venturi Wealth Management LLC boosted its holdings in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mike Spanos bought 500 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Up 1.7 %

Shares of NASDAQ:CASY opened at $442.54 on Friday. The stock’s 50-day moving average is $409.99 and its 200 day moving average is $394.93. The company has a market cap of $16.43 billion, a PE ratio of 30.84, a P/E/G ratio of 2.48 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a 1 year low of $280.05 and a 1 year high of $443.22.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.24 earnings per share. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. Casey’s General Stores’s dividend payout ratio is 13.94%.

Analysts Set New Price Targets

Several brokerages have issued reports on CASY. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Evercore ISI raised their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.