Johnson Financial Group Inc. Has $1.35 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Johnson Financial Group Inc. reduced its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 41.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,206 shares of the company's stock after selling 2,226 shares during the period. Johnson Financial Group Inc.'s holdings in Casey's General Stores were worth $1,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CASY. Raymond James Financial Inc. acquired a new stake in shares of Casey's General Stores in the 4th quarter valued at $236,500,000. Norges Bank acquired a new stake in shares of Casey's General Stores in the 4th quarter valued at $175,607,000. Wellington Management Group LLP increased its stake in shares of Casey's General Stores by 160.1% in the 4th quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock valued at $169,666,000 after buying an additional 263,545 shares during the period. Franklin Resources Inc. increased its stake in shares of Casey's General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after buying an additional 174,586 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Casey's General Stores by 18.7% in the 3rd 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 during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos bought 256 shares of the firm's stock in a transaction that occurred on 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 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Casey's General Stores Stock Down 0.2 %

Shares of CASY traded down $0.81 during mid-day trading on Wednesday, hitting $462.59. 341,897 shares of the company's stock were exchanged, compared to its average volume of 286,009. The company has a market cap of $17.17 billion, a PE ratio of 32.24, a P/E/G ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 52 week low of $313.67 and a 52 week high of $468.88. The company has a 50-day simple moving average of $424.73 and a 200 day simple moving average of $414.43. 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 (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 the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the business earned $2.33 EPS. On average, research analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analyst Ratings Changes

CASY has been the topic of several recent research reports. KeyCorp initiated coverage on Casey's General Stores in a research report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. StockNews.com cut 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 report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.

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.