Mutual of America Capital Management LLC Sells 1,137 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Mutual of America Capital Management LLC lessened its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.4% in the third quarter, Holdings Channel.com reports. The firm owned 20,058 shares of the company’s stock after selling 1,137 shares during the period. Mutual of America Capital Management LLC’s holdings in Casey’s General Stores were worth $7,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CASY. Park Place Capital Corp acquired a new position in shares of Casey’s General Stores during the second quarter worth about $31,000. Advisors Asset Management Inc. bought a new stake in Casey’s General Stores in the 1st quarter valued at approximately $32,000. Innealta Capital LLC acquired a new position in Casey’s General Stores during the 2nd quarter worth approximately $32,000. Bank & Trust Co bought a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $40,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $404.60 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $15.02 billion, a P/E ratio of 29.45 and a beta of 0.79. Casey’s General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $420.27. The stock has a 50 day moving average of $387.19 and a 200-day moving average of $370.48.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. The firm 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.52 earnings per share. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 14.24 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CASY shares. Melius Research started coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price for the company. Gordon Haskett began coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. Evercore ISI lifted their target price on 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. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $410.00 price target 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, three have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average target price of $408.25.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. The trade was a 24.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 267 shares of the business’s stock in a transaction on 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 acquisition, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

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.