Wellington Management Group LLP cut its stake in Casey’s General Stores Inc. (NASDAQ:CASY) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 342,183 shares of the company’s stock after selling 8,677 shares during the period. Wellington Management Group LLP owned 0.88% of Casey’s General Stores worth $38,776,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CASY. Principal Financial Group Inc. raised its stake in shares of Casey’s General Stores by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 124,387 shares of the company’s stock valued at $14,983,000 after buying an additional 3,283 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Casey’s General Stores by 11.6% in the fourth quarter. Wells Fargo & Company MN now owns 211,828 shares of the company’s stock valued at $25,515,000 after buying an additional 22,054 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Casey’s General Stores by 1.0% in the fourth quarter. Ameritas Investment Partners Inc. now owns 8,885 shares of the company’s stock valued at $1,070,000 after buying an additional 87 shares in the last quarter. Morgan Stanley raised its stake in shares of Casey’s General Stores by 209.4% in the fourth quarter. Morgan Stanley now owns 197,491 shares of the company’s stock valued at $23,788,000 after buying an additional 133,666 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in shares of Casey’s General Stores by 95.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 50,912 shares of the company’s stock valued at $6,132,000 after buying an additional 24,861 shares in the last quarter.
Shares of Casey’s General Stores Inc. (NASDAQ:CASY) traded up 0.79% on Tuesday, reaching $135.92. The company had a trading volume of 473,249 shares. The company has a 50-day moving average price of $126.05 and a 200-day moving average price of $116.13. Casey’s General Stores Inc. has a one year low of $97.11 and a one year high of $136.22. The firm has a market cap of $5.32 billion and a P/E ratio of 23.72.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be paid a $0.24 dividend. The ex-dividend date is Thursday, July 28th. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 0.71%.
Several brokerages have weighed in on CASY. Bank of America Corp. began coverage on Casey’s General Stores in a research report on Monday. They issued a “buy” rating and a $150.00 target price on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $130.00 target price on shares of Casey’s General Stores in a research report on Friday, June 3rd. Goldman Sachs Group Inc. raised Casey’s General Stores from a “neutral” rating to a “buy” rating and increased their price target for the stock from $123.00 to $145.00 in a research note on Wednesday, June 29th. Jefferies Group reissued a “hold” rating and issued a $113.00 price target (up previously from $102.00) on shares of Casey’s General Stores in a research note on Tuesday, June 7th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $118.00 price target (up previously from $115.00) on shares of Casey’s General Stores in a research note on Wednesday, June 8th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Casey’s General Stores presently has an average rating of “Buy” and a consensus price target of $129.89.
In other news, SVP Julia L. Jackowski sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $127.75, for a total value of $383,250.00. Following the sale, the senior vice president now directly owns 21,939 shares in the company, valued at $2,802,707.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey M. Lamberti sold 8,400 shares of the business’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $118.21, for a total value of $992,964.00. Following the completion of the sale, the director now owns 32,875 shares in the company, valued at $3,886,153.75. The disclosure for this sale can be found here.
Casey’s General Stores, Inc and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry food, including freshly prepared foods, such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
