Mutual of America Capital Management LLC Has $8.09 Million Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Mutual of America Capital Management LLC lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,195 shares of the company’s stock after selling 915 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Casey’s General Stores worth $8,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Casey’s General Stores in the second quarter valued at approximately $2,428,000. Primecap Management Co. CA acquired a new position in shares of Casey’s General Stores in the second quarter valued at approximately $24,115,000. Moors & Cabot Inc. boosted its holdings in Casey’s General Stores by 15.0% during the second quarter. Moors & Cabot Inc. now owns 10,360 shares of the company’s stock worth $3,953,000 after purchasing an additional 1,351 shares during the last quarter. Quantbot Technologies LP acquired a new position in Casey’s General Stores during the second quarter worth $2,734,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Casey’s General Stores by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after purchasing an additional 14,750 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $365.23 on Friday. The firm has a market capitalization of $13.55 billion, a PE ratio of 27.20, a PEG ratio of 2.58 and a beta of 0.80. The company’s 50-day moving average is $374.68 and its 200-day moving average is $346.81. Casey’s General Stores, Inc. has a fifty-two week low of $260.13 and a fifty-two week high of $401.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates 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 revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.52 earnings per share. Equities analysts forecast that Casey’s General Stores, Inc. will post 14.15 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s payout ratio is presently 14.89%.

Insider Activity

In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CASY. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price for the company in a report on Thursday, July 11th. Evercore ISI increased their target price on shares of Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Jefferies Financial Group increased their target price on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. BMO Capital Markets increased 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 report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target 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.