Mutual of America Capital Management LLC Has $9.71 Million Position in Casey’s General Stores, Inc. $CASY

Mutual of America Capital Management LLC decreased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.0% during the 3rd quarter, Holdings Channel reports. The firm owned 17,171 shares of the company’s stock after selling 1,288 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Casey’s General Stores were worth $9,707,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Cannon Global Investment Management LLC acquired a new stake in Casey’s General Stores during the 3rd quarter valued at $1,018,000. UNIVEST FINANCIAL Corp grew its holdings in shares of Casey’s General Stores by 157.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock worth $4,366,000 after purchasing an additional 5,230 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Casey’s General Stores by 0.3% in the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after buying an additional 2,467 shares in the last quarter. West Bancorporation Inc. acquired a new stake in shares of Casey’s General Stores in the second quarter valued at $278,000. Finally, Kathmere Capital Management LLC bought a new position in shares of Casey’s General Stores in the second quarter valued at about $280,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stephens raised their price objective on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Evercore ISI increased their price objective on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Bank of America assumed coverage on Casey’s General Stores in a research note on Friday, January 9th. They issued a “buy” rating for the company. Finally, UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $624.09.

Insider Transactions at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction on Monday, January 5th. The stock was purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 1.0%

NASDAQ:CASY opened at $617.12 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $647.99. The stock’s fifty day simple moving average is $574.92 and its 200-day simple moving average is $546.27. The firm has a market capitalization of $22.88 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.20 and a beta of 0.67.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the prior year, the company posted $4.85 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.