Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750 shares of the company’s stock after selling 53 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Casey’s General Stores were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CASY. Park Place Capital Corp acquired a new stake in Casey’s General Stores in the second quarter valued at $31,000. Advisors Asset Management Inc. acquired a new stake in Casey’s General Stores in the 1st quarter valued at about $32,000. Innealta Capital LLC purchased a new position in Casey’s General Stores during the 2nd quarter valued at about $32,000. Bank & Trust Co acquired a new position in Casey’s General Stores during the second quarter worth about $40,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 1.1 %

Shares of CASY stock opened at $401.40 on Monday. The firm’s 50-day simple moving average is $386.44 and its 200-day simple moving average is $369.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. Casey’s General Stores, Inc. has a 1-year low of $266.56 and a 1-year high of $420.27. The firm has a market cap of $14.90 billion, a P/E ratio of 29.21 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. Casey’s General Stores’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.52 earnings per share. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 14.24 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Casey’s General Stores’s payout ratio is currently 14.56%.

Insider Activity at Casey’s General Stores

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This represents a 24.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. The trade was a 15.46 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CASY. Melius Research assumed coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Benchmark reiterated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, Evercore ISI upped their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $408.25.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.