Casey’s General Stores, Inc. (NASDAQ:CASY) Holdings Reduced by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 249,404 shares of the company’s stock after selling 24,039 shares during the period. Casey’s General Stores accounts for 1.6% of Copeland Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Copeland Capital Management LLC owned 0.67% of Casey’s General Stores worth $93,704,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at about $20,180,000. Security National Bank increased its holdings in shares of Casey’s General Stores by 1,310.8% during the 1st quarter. Security National Bank now owns 4,980 shares of the company’s stock worth $1,586,000 after buying an additional 4,627 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Casey’s General Stores by 1,377.3% during the 1st quarter. Sunbelt Securities Inc. now owns 1,625 shares of the company’s stock worth $517,000 after buying an additional 1,515 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Casey’s General Stores by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,851 shares of the company’s stock valued at $908,000 after buying an additional 103 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in Casey’s General Stores by 61.1% in the first quarter. Pinnacle Bancorp Inc. now owns 232 shares of the company’s stock valued at $74,000 after acquiring an additional 88 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Up 0.5 %

Casey’s General Stores stock opened at $392.12 on Tuesday. The firm has a market capitalization of $14.55 billion, a P/E ratio of 29.20 and a beta of 0.80. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a twelve month low of $260.13 and a twelve month high of $401.07. The stock’s fifty day simple moving average is $374.63 and its 200-day simple moving average is $357.81.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping 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 return on equity of 17.07% and a net margin of 3.40%. Casey’s General Stores’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.52 EPS. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.50 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

Wall Street Analysts Forecast Growth

CASY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Evercore ISI upped their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a research report on Thursday, July 11th. Royal Bank of Canada boosted their price target on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. Finally, Benchmark reaffirmed a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $408.09.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos acquired 267 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was acquired 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 in the company, valued at approximately $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Casey’s General Stores news, Director Mike Spanos acquired 267 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

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. 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.