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

Hsbc Holdings PLC lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 88.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 679 shares of the company’s stock after selling 5,407 shares during the quarter. Hsbc Holdings PLC’s holdings in Casey’s General Stores were worth $259,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. AdvisorNet Financial Inc lifted its position in shares of Casey’s General Stores by 10.1% in the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company’s stock valued at $121,000 after acquiring an additional 29 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Casey’s General Stores by 0.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company’s stock worth $4,872,000 after purchasing an additional 37 shares during the last quarter. AdvisorShares Investments LLC grew its holdings in shares of Casey’s General Stores by 9.3% during the fourth quarter. AdvisorShares Investments LLC now owns 469 shares of the company’s stock worth $129,000 after buying an additional 40 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Casey’s General Stores by 12.8% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $112,000 after buying an additional 40 shares during the last quarter. Finally, Mckinley Capital Management LLC lifted its stake in shares of Casey’s General Stores by 1.9% during the first quarter. Mckinley Capital Management LLC now owns 2,705 shares of the company’s stock valued at $861,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity

In related news, Director Mike Spanos purchased 267 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Mike Spanos acquired 267 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CASY shares. Benchmark reiterated a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a report on Tuesday, September 10th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research report on Thursday, July 11th. BMO Capital Markets lifted their price target on Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. Finally, Wells Fargo & Company boosted their target price on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $407.64.

Casey’s General Stores Trading Up 1.1 %

Shares of CASY stock opened at $370.59 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a fifty-two week low of $260.13 and a fifty-two week high of $401.07. The firm’s 50 day moving average price is $373.51 and its two-hundred day moving average price is $351.94. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 27.59 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business posted $4.52 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s payout ratio is 14.89%.

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.