Coldstream Capital Management Inc. Purchases 73 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Coldstream Capital Management Inc. lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,061 shares of the company’s stock after acquiring an additional 73 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Casey’s General Stores were worth $401,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Casey’s General Stores during the third quarter valued at approximately $959,880,000. Millennium Management LLC grew its position in Casey’s General Stores by 3,846.1% in the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock valued at $65,750,000 after acquiring an additional 176,920 shares during the last quarter. Benjamin Edwards Inc. increased its stake in Casey’s General Stores by 1,819.1% in the third quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock worth $48,959,000 after purchasing an additional 123,502 shares during the period. Wellington Management Group LLP lifted its position in shares of Casey’s General Stores by 281.4% during the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock worth $61,863,000 after purchasing an additional 121,488 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in shares of Casey’s General Stores by 110.0% during the second quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock valued at $67,609,000 after purchasing an additional 92,813 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mike Spanos bought 267 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the purchase, the director now directly owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $425.27 on Friday. The stock’s 50-day moving average is $405.04 and its 200 day moving average is $381.71. Casey’s General Stores, Inc. has a 1-year low of $266.58 and a 1-year high of $439.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.44. The company has a market cap of $15.79 billion, a P/E ratio of 29.64 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same period in the prior year, the firm posted $4.24 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts predict that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Analysts Set New Price Targets

Several research firms have issued reports on CASY. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company upped their target price on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $419.45.

Casey’s General Stores 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.