Casey’s General Stores, Inc. $CASY Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 760,438 shares of the company’s stock after buying an additional 52,250 shares during the quarter. Geode Capital Management LLC’s holdings in Casey’s General Stores were worth $420,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CASY. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Casey’s General Stores during the third quarter valued at $25,000. Westside Investment Management Inc. grew its holdings in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Casey’s General Stores during the third quarter valued at $33,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

CASY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Casey’s General Stores in a report on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target on the stock. Stephens reiterated an “overweight” rating and set a $680.00 price target on shares of Casey’s General Stores in a report on Tuesday, March 10th. KeyCorp lifted their price target on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Evercore reiterated an “outperform” rating and set a $915.00 price target on shares of Casey’s General Stores in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $752.36.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores 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 owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mike Spanos acquired 300 shares of Casey’s General Stores stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by company insiders.

Casey’s General Stores Price Performance

CASY opened at $767.14 on Monday. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 44.04, a PEG ratio of 2.12 and a beta of 0.61. Casey’s General Stores, Inc. has a 1 year low of $433.16 and a 1 year high of $901.00. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $780.50 and a 200 day moving average price of $668.54.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. Analysts forecast that Casey’s General Stores, Inc. will post 18.19 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was 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 (DPR) is presently 13.09%.

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.