Casey’s General Stores Inc (CASY) Holding Grow by Municipal Employees Retirement System of Michigan

Casey’s General Stores Inc (CASY) Holding Grow by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan raised its position in Casey's General Stores Inc (NASDAQ:CASY) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,160 shares of the company’s stock after buying an additional 320 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Casey's General Stores were worth $2,038,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CASY. Mitchell Capital Management Co. purchased a new position in shares of Casey's General Stores during the third quarter worth $4,946,000. LNZ Capital LP purchased a new position in shares of Casey's General Stores during the third quarter worth $15,620,000. AMP Capital Investors Ltd purchased a new position in shares of Casey's General Stores during the third quarter worth $2,285,000. Mairs & Power INC increased its position in shares of Casey's General Stores by 28.4% in the third quarter. Mairs & Power INC now owns 74,570 shares of the company’s stock worth $8,960,000 after buying an additional 16,500 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Casey's General Stores by 2.1% in the third quarter. Advantus Capital Management Inc now owns 4,829 shares of the company’s stock worth $580,000 after buying an additional 100 shares during the last quarter. 90.10% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Inc (CASY) traded up 0.34% during trading on Friday, hitting $116.37. 470,670 shares of the company’s stock traded hands. The company has a market cap of $4.56 billion, a PE ratio of 23.70 and a beta of 0.46. The company’s 50 day moving average price is $113.58 and its 200 day moving average price is $115.98. Casey's General Stores Inc has a 52-week low of $107.43 and a 52-week high of $136.22.

Casey's General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 6th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.32. Casey's General Stores had a return on equity of 18.75% and a net margin of 2.98%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period last year, the business posted $0.97 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that Casey's General Stores Inc will post $4.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, April 27th. Casey's General Stores’s dividend payout ratio (DPR) is currently 18.11%.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets set a $116.00 target price on shares of Casey's General Stores and gave the stock a “hold” rating in a report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and set a $121.00 target price (down from $123.00) on shares of Casey's General Stores in a report on Monday. Jefferies Group LLC set a $139.00 target price on shares of Casey's General Stores and gave the stock a “buy” rating in a report on Thursday, May 18th. Goldman Sachs Group Inc assumed coverage on shares of Casey's General Stores in a report on Thursday, April 27th. They set a “neutral” rating and a $109.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Casey's General Stores from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 16th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $126.57.

In related news, VP William J. Walljasper sold 2,200 shares of Casey's General Stores stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $108.74, for a total value of $239,228.00. Following the completion of the sale, the vice president now owns 22,109 shares of the company’s stock, valued at approximately $2,404,132.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William C. Kimball sold 2,000 shares of Casey's General Stores stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $108.99, for a total value of $217,980.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Casey's General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CASY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey's General Stores Inc (NASDAQ:CASY).

Related posts

Leave a Comment