Soros Capital Management LLC Has $18.30 Million Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Soros Capital Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 67.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,196 shares of the company’s stock after buying an additional 18,564 shares during the quarter. Casey’s General Stores makes up approximately 2.9% of Soros Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Soros Capital Management LLC owned approximately 0.12% of Casey’s General Stores worth $18,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Waterhouse Canada Inc. raised its position in shares of Casey’s General Stores by 29.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 337 shares of the company’s stock worth $134,000 after buying an additional 77 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Casey’s General Stores by 7.9% during the 4th quarter. MML Investors Services LLC now owns 4,505 shares of the company’s stock valued at $1,785,000 after acquiring an additional 329 shares during the last quarter. Mesirow Institutional Investment Management Inc. raised its stake in Casey’s General Stores by 2.4% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 7,084 shares of the company’s stock valued at $2,807,000 after purchasing an additional 166 shares in the last quarter. MetLife Investment Management LLC grew its stake in Casey’s General Stores by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 21,205 shares of the company’s stock worth $8,402,000 after buying an additional 1,734 shares in the last quarter. Finally, Natixis raised its position in shares of Casey’s General Stores by 21.9% during the 4th quarter. Natixis now owns 8,337 shares of the company’s stock valued at $3,303,000 after buying an additional 1,499 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stephens raised Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. KeyCorp assumed coverage on Casey’s General Stores in a research note on Friday, April 11th. They issued an “overweight” rating and a $500.00 target price for the company. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI upped their price objective on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $430.33.

Casey’s General Stores Price Performance

CASY stock opened at $460.07 on Monday. Casey’s General Stores, Inc. has a 52-week low of $309.51 and a 52-week high of $468.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.40 and a beta of 0.74. The firm has a 50 day moving average price of $421.46 and a 200-day moving average price of $411.06.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $2.33 EPS. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos acquired 256 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now directly owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.