MGO One Seven LLC Boosts Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

MGO One Seven LLC raised its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,172 shares of the company's stock after acquiring an additional 586 shares during the period. MGO One Seven LLC's holdings in Casey's General Stores were worth $1,653,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in Casey's General Stores during the 4th quarter valued at $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey's General Stores in the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in Casey's General Stores by 24.2% during the 4th 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 position in Casey's General Stores during the 4th quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC lifted its holdings in Casey's General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after buying an additional 52 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey's General Stores Stock Down 0.6 %

Casey's General Stores stock traded down $2.75 during trading hours on Wednesday, hitting $460.65. The stock had a trading volume of 55,352 shares, compared to its average volume of 285,286. The stock's 50-day moving average price is $424.73 and its 200-day moving average price is $414.43. Casey's General Stores, Inc. has a 12-month low of $313.67 and a 12-month high of $468.88. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $17.10 billion, a P/E ratio of 32.10, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74.

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

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. Casey's General Stores's dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

A number of brokerages recently commented on CASY. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Evercore ISI lifted their price objective on 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. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, KeyCorp initiated coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Insiders Place Their Bets

In related news, Director Mike Spanos bought 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was 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. The trade was a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores 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 sale, the insider now owns 2,443 shares in the company, 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. Company insiders own 0.56% of the company's stock.

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.