Casey's General Stores, Inc. (NASDAQ:CASY) Stock Holdings Decreased by Commerce Bank

Commerce Bank decreased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,690 shares of the company's stock after selling 738 shares during the quarter. Commerce Bank's holdings in Casey's General Stores were worth $4,632,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CASY. YANKCOM Partnership acquired a new stake in shares of Casey's General Stores during the fourth quarter worth approximately $34,000. Endeavor Private Wealth Inc. acquired a new position in Casey's General Stores during the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Casey's General Stores in the 4th quarter valued at about $79,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Activity

In other Casey's General Stores news, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CASY. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. KeyCorp started coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 target price for the company. Evercore ISI lifted their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and an average price target of $430.33.

Casey's General Stores Stock Performance

Shares of NASDAQ CASY traded up $0.05 during midday trading on Friday, reaching $447.34. 419,471 shares of the company traded hands, compared to its average volume of 286,147. The stock has a 50-day moving average price of $423.31 and a 200 day moving average price of $413.23. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.40 and a beta of 0.74. 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 52 week low of $313.67 and a 52 week high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period in the prior year, the business posted $2.33 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

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

About Casey's General Stores

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.