Mercer Global Advisors Inc. ADV Sells 736 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Mercer Global Advisors Inc. ADV reduced its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,311 shares of the company's stock after selling 736 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Casey's General Stores were worth $1,708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Casey's General Stores by 110.5% in the 3rd quarter. Barclays PLC now owns 22,487 shares of the company's stock valued at $8,450,000 after purchasing an additional 11,802 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Casey's General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after buying an additional 119,350 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Casey's General Stores during the fourth quarter worth $226,000. Nordea Investment Management AB lifted its stake in shares of Casey's General Stores by 1.2% in the 4th quarter. Nordea Investment Management AB now owns 17,576 shares of the company's stock valued at $7,012,000 after acquiring an additional 201 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Casey's General Stores by 9.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,230 shares of the company's stock valued at $2,072,000 after acquiring an additional 450 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey's General Stores Stock Down 1.3 %

Shares of Casey's General Stores stock traded down $5.82 during trading on Friday, reaching $446.68. 811,250 shares of the company traded hands, compared to its average volume of 288,498. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market capitalization of $16.58 billion, a PE ratio of 31.13, a P/E/G ratio of 2.40 and a beta of 0.70. The company has a 50 day moving average price of $432.29 and a 200-day moving average price of $418.29. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.33 earnings per share. As a group, equities research analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Analysts Set New Price Targets

CASY has been the subject of several research reports. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Finally, Evercore ISI increased their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $430.33.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, the insider now directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mike Spanos bought 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Casey's General Stores 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.