Monument Capital Management Has $3.19 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Monument Capital Management trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,047 shares of the company’s stock after selling 73 shares during the period. Monument Capital Management’s holdings in Casey’s General Stores were worth $3,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership acquired a new stake in Casey’s General Stores in the fourth quarter worth $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey’s General Stores during the 4th quarter worth $36,000. Venturi Wealth Management LLC raised its stake in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares during the period. V Square Quantitative Management LLC grew its stake in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. Evercore ISI upped their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Down 2.3 %

CASY stock opened at $432.17 on Monday. The company has a market cap of $16.04 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a twelve month low of $284.57 and a twelve month high of $445.17. The business has a 50 day moving average price of $410.19 and a two-hundred day moving average price of $395.35. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the company earned $4.24 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Activity at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mike Spanos bought 500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.