F M Investments LLC Takes Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

F M Investments LLC purchased a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,413 shares of the company’s stock, valued at approximately $1,212,000.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Casey’s General Stores by 7.7% during the 3rd quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock worth $430,458,000 after acquiring an additional 113,437 shares during the last quarter. FMR LLC lifted its holdings in shares of Casey’s General Stores by 5.6% during the 3rd quarter. FMR LLC now owns 732,623 shares of the company’s stock worth $198,922,000 after acquiring an additional 38,722 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Casey’s General Stores by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 559,532 shares of the company’s stock worth $151,924,000 after acquiring an additional 18,528 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Casey’s General Stores by 0.6% during the 3rd quarter. Copeland Capital Management LLC now owns 339,196 shares of the company’s stock worth $92,098,000 after acquiring an additional 1,889 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Casey’s General Stores by 142.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 242,923 shares of the company’s stock worth $65,959,000 after acquiring an additional 142,884 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Trading Down 0.1 %

Shares of NASDAQ:CASY traded down $0.16 during midday trading on Tuesday, hitting $313.32. 255,652 shares of the stock traded hands, compared to its average volume of 280,811. The stock has a market capitalization of $11.60 billion, a PE ratio of 24.91, a P/E/G ratio of 2.49 and a beta of 0.83. The business’s 50 day moving average is $306.08 and its two-hundred day moving average is $286.85. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a one year low of $212.50 and a one year high of $324.40.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.36 earnings per share. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is currently 13.67%.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of research analyst reports. Evercore ISI dropped their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. BMO Capital Markets boosted their price target on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Finally, Benchmark reissued a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $312.63.

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.