Foster Group Inc. Buys 3,748 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Foster Group Inc. raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 108.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,200 shares of the company’s stock after acquiring an additional 3,748 shares during the quarter. Foster Group Inc.’s holdings in Casey’s General Stores were worth $2,853,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Endeavor Private Wealth Inc. bought a new stake in shares of Casey’s General Stores in the fourth quarter worth $36,000. Venturi Wealth Management LLC lifted its stake in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the period. V Square Quantitative Management LLC boosted 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 worth $59,000 after buying an additional 29 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the period. Finally, Quarry LP purchased a new stake in Casey’s General Stores during the second quarter valued at approximately $72,000. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CASY shares. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Evercore ISI increased their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Royal Bank of Canada boosted their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $415.70 on Wednesday. The company has a market cap of $15.43 billion, a P/E ratio of 28.97, a P/E/G ratio of 2.29 and a beta of 0.82. The business’s 50 day moving average price is $408.28 and its 200-day moving average price is $391.02. Casey’s General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. 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 (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.24 earnings per share. Sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. Casey’s General Stores’s payout ratio is 13.94%.

Casey’s General Stores Company 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.