Millennium Management LLC Sells 5,594 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Millennium Management LLC lessened its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 34.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,699 shares of the company's stock after selling 5,594 shares during the quarter. Millennium Management LLC's holdings in Casey's General Stores were worth $4,239,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Casey's General Stores in the 4th quarter valued at approximately $236,500,000. Norges Bank bought a new position in shares of Casey's General Stores in the fourth quarter worth $175,607,000. Wellington Management Group LLP grew its position in shares of Casey's General Stores by 160.1% in the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock valued at $169,666,000 after purchasing an additional 263,545 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Casey's General Stores by 29.5% during the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock valued at $268,952,000 after purchasing an additional 154,541 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after purchasing an additional 119,350 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Price Performance

CASY traded up $0.52 during trading on Friday, reaching $441.03. The stock had a trading volume of 433,758 shares, compared to its average volume of 294,890. The stock has a market cap of $16.37 billion, a PE ratio of 30.73, a PEG 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. The business has a 50-day moving average of $446.62 and a 200-day moving average of $422.80.

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

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey's General Stores's payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CASY. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. 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 price objective for the company. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. 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 note on Wednesday, March 12th. Finally, Evercore ISI boosted 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 research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Insider Activity

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

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.