Heck Capital Advisors LLC Purchases Shares of 200 Casey’s General Stores, Inc. (NASDAQ:CASY)

Heck Capital Advisors LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 200 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CASY. Soros Capital Management LLC boosted its position in Casey’s General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after buying an additional 26,197 shares during the period. PNC Financial Services Group Inc. increased its holdings in Casey’s General Stores by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after purchasing an additional 1,332 shares during the period. Lord Abbett & CO. LLC bought a new position in Casey’s General Stores during the 3rd quarter valued at approximately $23,294,000. JPMorgan Chase & Co. lifted its holdings in Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares during the period. Finally, FMR LLC grew its position in shares of Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after buying an additional 38,226 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Mike Spanos bought 500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Trading Down 0.3 %

Shares of CASY stock opened at $421.77 on Monday. The stock has a market capitalization of $15.66 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.39 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average is $408.41 and its 200 day moving average is $391.88. Casey’s General Stores, Inc. has a 12-month low of $269.35 and a 12-month high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the company posted $4.24 earnings per share. Casey’s General Stores’s revenue was down 2.9% compared to the same quarter last year. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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. Gordon Haskett assumed coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores 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.