Principal Financial Group Inc. reduced its holdings in Casey’s General Stores Inc (NASDAQ:CASY) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,493 shares of the company’s stock after selling 2,591 shares during the quarter. Principal Financial Group Inc. owned about 0.44% of Casey’s General Stores worth $20,566,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of CASY. SG Americas Securities LLC raised its position in shares of Casey’s General Stores by 140.7% during the third quarter. SG Americas Securities LLC now owns 13,007 shares of the company’s stock valued at $1,679,000 after buying an additional 7,603 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Casey’s General Stores in the third quarter valued at $215,000. Bank of New York Mellon Corp grew its holdings in shares of Casey’s General Stores by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 677,982 shares of the company’s stock valued at $87,534,000 after purchasing an additional 29,624 shares in the last quarter. Rafferty Asset Management LLC purchased a new position in shares of Casey’s General Stores in the third quarter valued at $303,000. Finally, FMR LLC grew its holdings in shares of Casey’s General Stores by 42.3% in the third quarter. FMR LLC now owns 206,029 shares of the company’s stock valued at $26,601,000 after purchasing an additional 61,289 shares in the last quarter. 89.24% of the stock is owned by institutional investors and hedge funds.
In other Casey’s General Stores news, VP William J. Walljasper sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total value of $378,150.00. Following the completion of the transaction, the vice president now directly owns 24,785 shares in the company, valued at $3,124,149.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Julia L. Jackowski sold 12,500 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the completion of the transaction, the senior vice president now owns 32,944 shares of the company’s stock, valued at $4,149,296.80. The disclosure for this sale can be found here. Insiders sold 20,500 shares of company stock valued at $2,602,775 over the last 90 days. 0.72% of the stock is currently owned by corporate insiders.
Shares of CASY stock traded up $0.18 on Friday, hitting $133.89. The stock had a trading volume of 289,651 shares, compared to its average volume of 310,086. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.76 and a quick ratio of 0.22. The company has a market capitalization of $4.90 billion, a P/E ratio of 35.14, a PEG ratio of 2.59 and a beta of 0.45. Casey’s General Stores Inc has a one year low of $90.42 and a one year high of $138.45.
Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, March 11th. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.18. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.20 billion. Casey’s General Stores had a return on equity of 14.89% and a net margin of 2.14%. On average, analysts anticipate that Casey’s General Stores Inc will post 5.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.29 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.16 annualized dividend and a dividend yield of 0.87%. Casey’s General Stores’s payout ratio is currently 30.45%.
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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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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