Dakota Wealth Management Has $12.99 Million Position in Casey’s General Stores, Inc. $CASY

Dakota Wealth Management lowered its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,505 shares of the company’s stock after selling 2,342 shares during the quarter. Dakota Wealth Management owned 0.06% of Casey’s General Stores worth $12,991,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its stake 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 worth $503,635,000 after purchasing an additional 502,104 shares during the period. Victory Capital Management Inc. grew its stake in shares of Casey’s General Stores by 35.4% in the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after purchasing an additional 206,777 shares during the period. Franklin Resources Inc. grew its stake in shares of Casey’s General Stores by 7.0% in the 3rd quarter. Franklin Resources Inc. now owns 758,212 shares of the company’s stock valued at $428,632,000 after purchasing an additional 49,319 shares during the period. Invesco Ltd. raised its holdings in shares of Casey’s General Stores by 5.0% in the 3rd quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock worth $287,182,000 after buying an additional 24,091 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Casey’s General Stores by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 447,265 shares of the company’s stock worth $252,832,000 after buying an additional 8,781 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mike Spanos acquired 300 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the transaction, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. The trade was a 7.14% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Moats Maria Castanon bought 300 shares of the company’s stock in a transaction on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 0.3%

NASDAQ CASY opened at $711.81 on Friday. The stock’s 50 day simple moving average is $659.93 and its 200 day simple moving average is $591.28. Casey’s General Stores, Inc. has a one year low of $397.80 and a one year high of $721.50. The firm has a market cap of $26.31 billion, a PE ratio of 40.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) 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 the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on CASY. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 4th. Wells Fargo & Company lifted their price objective on Casey’s General Stores from $725.00 to $745.00 and gave the company an “overweight” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Finally, Stephens reiterated an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $700.09.

About Casey’s General Stores

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.