Caisse de depot et placement du Quebec Invests $542,000 in Casey’s General Stores, Inc. $CASY

Posted by Stanley Muller on Aug 31st, 2026

Caisse de depot et placement du Quebec acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 682 shares of the company’s stock, valued at approximately $542,000.

Several other institutional investors have also recently added to or reduced their stakes in CASY. BlackRock Inc. acquired a new stake in Casey’s General Stores in the 2nd quarter worth about $2,759,895,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Casey’s General Stores by 179,938.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock worth $1,469,747,000 after acquiring an additional 2,657,687 shares during the period. Norges Bank acquired a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $265,163,000. Bank of New York Mellon Corp acquired a new stake in shares of Casey’s General Stores in the second quarter worth approximately $281,011,000. Finally, Jupiter Topco LLC purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $246,982,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Darren M. Rebelez sold 19,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total value of $15,227,740.00. Following the completion of the sale, the chief executive officer directly owned 89,174 shares of the company’s stock, valued at approximately $71,469,394.04. This represents a 17.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chad Michael Frazell sold 3,013 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the sale, the insider owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,243 shares of company stock worth $24,421,877 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $755.47 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The company’s fifty day moving average price is $831.92 and its two-hundred day moving average price is $782.18. The firm has a market capitalization of $27.96 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.59 and a beta of 0.61. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 earnings per share. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 21.11 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Saturday, August 1st were given a $0.65 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.60 annualized dividend and a yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is 13.57%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CASY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $913.00 price target on shares of Casey’s General Stores in a research note on Wednesday, July 29th. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Stephens set a $975.00 target price on Casey’s General Stores and gave the stock an “overweight” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. boosted their price target on Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Finally, KeyCorp upped their price target on Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $942.87.

Check Out Our Latest Stock Report on Casey’s General Stores

Casey’s General Stores Company Profile

(Free Report)

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.