Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 645 shares of the company’s stock after selling 105 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Casey’s General Stores were worth $255,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after buying an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. increased its position in Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after purchasing an additional 119,350 shares during the period. Geode Capital Management LLC raised its stake in shares of Casey’s General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after buying an additional 8,428 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Casey’s General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock valued at $204,861,000 after buying an additional 174,586 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Casey’s General Stores by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock valued at $102,694,000 after buying an additional 702 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mike Spanos purchased 500 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents 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.

Wall Street Analyst Weigh In

CASY has been the subject of a number of research reports. Evercore ISI lifted their price target on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Gordon Haskett began coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective for the company. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $419.99 on Tuesday. Casey’s General Stores, Inc. has a 52 week low of $268.07 and a 52 week high of $439.68. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm’s 50-day simple moving average is $408.20 and its 200 day simple moving average is $390.75. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 2.29 and a beta of 0.82.

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

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Casey’s General Stores Profile

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.