Moody National Bank Trust Division Buys Shares of 1,013 Casey’s General Stores, Inc. $CASY

Moody National Bank Trust Division bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, Holdings Channel reports. The institutional investor bought 1,013 shares of the company’s stock, valued at approximately $805,000.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in shares of Casey’s General Stores during the 1st quarter valued at about $33,000. Larson Financial Group LLC lifted its holdings in Casey’s General Stores by 252.4% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after acquiring an additional 53 shares during the last quarter. RMG Wealth Management LLC lifted its holdings in Casey’s General Stores by 250.0% in the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after acquiring an additional 40 shares during the last quarter. Elyxium Wealth LLC acquired a new position in Casey’s General Stores in the fourth quarter valued at approximately $43,000. Finally, Osterweis Capital Management Inc. acquired a new position in Casey’s General Stores in the second quarter valued at approximately $45,000. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total value of $443,917.40. Following the transaction, the director directly owned 3,042 shares in the company, valued at $2,547,918.36. This trade represents a 14.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,243 shares of company stock valued at $24,421,877. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CASY shares. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. The Goldman Sachs Group upped their price objective on Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,000.00 target price on shares of Casey’s General Stores in a research report on Monday, June 15th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price on the stock in a research note on Monday, July 13th. Finally, Evercore reissued an “outperform” rating and set a $990.00 price target on shares of Casey’s General Stores in a report on Friday, June 12th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $944.20.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $852.86 on Thursday. The firm’s 50 day moving average is $826.68 and its two-hundred day moving average is $758.39. The firm has a market capitalization of $31.56 billion, a P/E ratio of 44.51, a PEG ratio of 2.55 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. Analysts anticipate that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s payout ratio is presently 13.57%.

Casey’s General Stores Company 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.