Mount Yale Investment Advisors LLC Invests $949,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Mount Yale Investment Advisors LLC acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,487 shares of the company’s stock, valued at approximately $949,000.

A number of other institutional investors have also modified their holdings of CASY. Rise Advisors LLC acquired a new position in Casey’s General Stores in the first quarter valued at approximately $30,000. Park Place Capital Corp bought a new position in Casey’s General Stores during the 2nd quarter worth $31,000. Advisors Asset Management Inc. bought a new position in Casey’s General Stores during the 1st quarter worth $32,000. Innealta Capital LLC acquired a new stake in Casey’s General Stores in the second quarter worth $32,000. Finally, V Square Quantitative Management LLC bought a new stake in Casey’s General Stores in the fourth quarter valued at $35,000. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos bought 267 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction dated 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 transaction, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos acquired 267 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were bought 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 approximately $975,810.92. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.

Casey’s General Stores Stock Up 0.8 %

Shares of CASY stock opened at $368.00 on Monday. Casey’s General Stores, Inc. has a 1 year low of $260.13 and a 1 year high of $401.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The business’s fifty day moving average is $374.29 and its 200-day moving average is $348.04. The stock has a market cap of $13.66 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company earned $4.52 earnings per share. Casey’s General Stores’s revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that Casey’s General Stores, Inc. will post 14.15 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 annualized dividend and a dividend yield of 0.54%. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. BMO Capital Markets upped their target price on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. Jefferies Financial Group lifted their price target on Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a report on Thursday, July 11th. Finally, Wells Fargo & Company raised their target price on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $404.90.

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.