Man Group plc trimmed its position in Casey’s General Stores Inc (NASDAQ:CASY) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,687 shares of the company’s stock after selling 807 shares during the period. Man Group plc owned approximately 0.20% of Casey’s General Stores worth $12,036,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in shares of Casey’s General Stores in the third quarter valued at $22,307,000. Barclays PLC raised its position in Casey’s General Stores by 113.9% in the third quarter. Barclays PLC now owns 41,376 shares of the company’s stock worth $6,668,000 after acquiring an additional 22,029 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Casey’s General Stores by 1.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 47,723 shares of the company’s stock valued at $7,691,000 after acquiring an additional 652 shares during the last quarter. WealthPLAN Partners LLC lifted its holdings in Casey’s General Stores by 6.9% in the 3rd quarter. WealthPLAN Partners LLC now owns 29,594 shares of the company’s stock valued at $5,032,000 after acquiring an additional 1,923 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Casey’s General Stores by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 60,027 shares of the company’s stock valued at $9,674,000 after purchasing an additional 154 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.
NASDAQ CASY opened at $175.66 on Wednesday. The stock’s 50-day moving average price is $169.24 and its two-hundred day moving average price is $160.37. The company has a current ratio of 0.76, a quick ratio of 0.29 and a debt-to-equity ratio of 0.88. The company has a market cap of $6.39 billion, a PE ratio of 31.88, a PEG ratio of 3.03 and a beta of 0.52. Casey’s General Stores Inc has a 1 year low of $116.23 and a 1 year high of $176.90.
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.32 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.28 annualized dividend and a dividend yield of 0.73%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 23.23%.
In other news, Director Allison M. Wing sold 554 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total value of $91,914.14. Following the completion of the sale, the director now owns 998 shares in the company, valued at $165,578.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.
CASY has been the topic of several recent research reports. Royal Bank of Canada cut shares of Casey’s General Stores from a “sector perform” rating to an “underperform” rating and lifted their price objective for the stock from $144.00 to $158.00 in a research note on Thursday, August 29th. Jefferies Financial Group set a $192.00 target price on shares of Casey’s General Stores and gave the company a “buy” rating in a research note on Tuesday, September 10th. Stephens raised their target price on shares of Casey’s General Stores from $181.00 to $197.00 and gave the stock an “overweight” rating in a report on Wednesday, September 11th. G.Research lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, ValuEngine cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $172.80.
Casey’s General Stores Company Profile
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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