Swiss National Bank Boosts Position in Casey’s General Stores, Inc. $CASY

Swiss National Bank grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,087 shares of the company’s stock after acquiring an additional 1,200 shares during the period. Swiss National Bank owned about 0.19% of Casey’s General Stores worth $40,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vontobel Holding Ltd. lifted its position in Casey’s General Stores by 129.1% during the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after purchasing an additional 502,104 shares during the period. Norges Bank purchased a new stake in Casey’s General Stores in the second quarter valued at $210,151,000. Victory Capital Management Inc. grew its position in Casey’s General Stores by 35.4% during the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after purchasing an additional 206,777 shares during the period. Invesco Ltd. raised its stake in shares of Casey’s General Stores by 71.7% during the 2nd quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock valued at $246,923,000 after buying an additional 202,033 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Casey’s General Stores by 4,224.4% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 174,705 shares of the company’s stock valued at $89,147,000 after buying an additional 170,665 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director owned 803 shares of the company’s stock, valued at $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

CASY has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research note on Tuesday. KeyCorp reiterated an “overweight” rating and set a $700.00 price target on shares of Casey’s General Stores in a research report on Thursday, February 12th. Wells Fargo & Company boosted their price target on Casey’s General Stores from $725.00 to $745.00 and gave the company an “overweight” rating in a report on Tuesday. BMO Capital Markets reissued a “market perform” rating and issued a $700.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $698.20.

Casey’s General Stores Price Performance

Shares of CASY stock traded down $2.97 during mid-day trading on Friday, hitting $670.85. 75,790 shares of the stock were exchanged, compared to its average volume of 410,352. Casey’s General Stores, Inc. has a 52-week low of $381.33 and a 52-week high of $696.66. The company has a quick ratio of 0.65, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The company has a market cap of $24.79 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65. The firm has a fifty day moving average of $641.66 and a 200 day moving average of $578.54.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.Casey’s General Stores’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS. Research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is 13.09%.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.