DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Lowers Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 40.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,542 shares of the company's stock after selling 4,475 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Casey's General Stores were worth $2,592,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in Casey's General Stores during the fourth quarter valued at about $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey's General Stores during the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in Casey's General Stores by 24.2% during the fourth 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 period. Heck Capital Advisors LLC bought a new stake in Casey's General Stores during the fourth quarter valued at about $79,000. Finally, V Square Quantitative Management LLC grew its holdings in 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 valued at $83,000 after purchasing an additional 52 shares during the period. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Down 0.4%

Casey's General Stores stock traded down $1.94 during mid-day trading on Wednesday, hitting $430.86. The company's stock had a trading volume of 294,085 shares, compared to its average volume of 290,326. The company has a 50 day moving average of $433.68 and a 200-day moving average of $418.93. The stock has a market cap of $15.99 billion, a PE ratio of 30.03, a P/E/G ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey's General Stores, Inc. has a one year low of $313.89 and a one 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 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the company posted $2.33 EPS. Casey's General Stores's quarterly revenue was up 17.2% on a year-over-year basis. On average, research analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.46%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stephens raised Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. KeyCorp assumed coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price objective for the company. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the transaction, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, 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 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.