689 Shares in Casey’s General Stores, Inc. $CASY Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) in the second quarter, HoldingsChannel.com reports. The firm bought 689 shares of the company’s stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in Casey’s General Stores in the second quarter worth about $2,759,895,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Casey’s General Stores by 179,938.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock valued at $1,469,747,000 after buying an additional 2,657,687 shares in the last quarter. Norges Bank bought a new stake in shares of Casey’s General Stores in the 4th quarter valued at about $265,163,000. Bank of America Corp DE purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $281,872,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $281,011,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $752.21 on Tuesday. The company has a 50 day moving average price of $830.33 and a 200 day moving average price of $782.87. The firm has a market capitalization of $27.84 billion, a P/E ratio of 39.26, a PEG ratio of 2.59 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 1.01 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:CASYGet Free Report) last released its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the firm earned $2.63 EPS. Casey’s General Stores’s revenue was up 14.5% compared to the same quarter last year. Sell-side analysts expect that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Casey’s General Stores Increases Dividend

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

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of analyst reports. William Blair initiated coverage on shares of Casey’s General Stores in a research report on Wednesday, May 20th. They set an “outperform” rating for the company. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price target on the stock in a report on Monday, July 13th. BMO Capital Markets raised Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price target on the stock in a research report on Monday, June 29th. Wolfe Research reissued an “outperform” rating and issued a $1,069.00 price objective on shares of Casey’s General Stores in a research report on Thursday, June 11th. Finally, BNP Paribas Exane dropped their target price on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $942.87.

Check Out Our Latest Research Report on CASY

Insider Activity

In related news, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the completion of the transaction, the director owned 3,042 shares in the company, valued at $2,547,918.36. This trade represents a 14.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction dated 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 sale, the insider directly owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 30,243 shares of company stock valued at $24,421,877. 0.67% of the stock is owned by corporate insiders.

About Casey’s General Stores

(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.

See Also

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores, Inc. (NASDAQ:CASYFree Report).

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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