MGO One Seven LLC Grows Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

MGO One Seven LLC raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 23.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,240 shares of the company’s stock after acquiring an additional 812 shares during the quarter. MGO One Seven LLC’s holdings in Casey’s General Stores were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Casey’s General Stores in the 4th quarter valued at $115,799,000. Congress Asset Management Co. MA acquired a new stake in Casey’s General Stores in the first quarter valued at $112,081,000. Point72 Asset Management L.P. lifted its holdings in Casey’s General Stores by 561.7% during the 4th quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock worth $75,050,000 after buying an additional 231,887 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Casey’s General Stores by 113.0% during the 1st quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock worth $92,936,000 after acquiring an additional 154,803 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of Casey’s General Stores by 11,242.6% in the 1st quarter. DAVENPORT & Co LLC now owns 107,641 shares of the company’s stock valued at $34,284,000 after acquiring an additional 106,692 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 2.3 %

NASDAQ:CASY opened at $382.07 on Friday. Casey’s General Stores, Inc. has a 1 year low of $260.13 and a 1 year high of $401.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.71 and a beta of 0.80. The stock has a fifty day moving average price of $373.69 and a two-hundred day moving average price of $344.44.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.52 earnings per share. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.45 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

Analysts Set New Price Targets

CASY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a report on Monday, July 29th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Evercore ISI lifted their price target on shares of Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Benchmark restated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday. Finally, Jefferies Financial Group raised their price objective on Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.20.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Casey’s General Stores 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.