Casey’s General Stores, Inc. $CASY Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,218 shares of the company’s stock after selling 52,954 shares during the period. Bank of New York Mellon Corp owned about 1.12% of Casey’s General Stores worth $236,427,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nvwm LLC acquired a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $32,000. Rossby Financial LCC boosted its holdings in Casey’s General Stores by 580.0% in the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Casey’s General Stores during the second quarter valued at $42,000. Osterweis Capital Management Inc. bought a new stake in Casey’s General Stores during the second quarter valued at $45,000. Finally, Bogart Wealth LLC raised its holdings in shares of Casey’s General Stores by 388.5% during the third quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock worth $72,000 after purchasing an additional 101 shares during the period. Institutional investors own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores Stock Down 0.8%

NASDAQ CASY opened at $606.50 on Friday. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $647.99. The company has a market capitalization of $22.48 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.16 and a beta of 0.67. The stock’s 50 day moving average is $579.60 and its two-hundred day moving average is $548.48. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

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

Casey’s General Stores Announces Dividend

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

Analysts Set New Price Targets

CASY has been the subject of several analyst reports. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. KeyCorp set a $680.00 price target on Casey’s General Stores in a report on Monday. Bank of America assumed coverage on Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Finally, UBS Group reissued a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $624.09.

Casey’s General Stores Profile

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.