CPC Advisors LLC Sells 1,029 Shares of Casey’s General Stores, Inc. $CASY

CPC Advisors LLC lowered its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.0% during the first quarter, Holdings Channel.com reports. The firm owned 8,290 shares of the company’s stock after selling 1,029 shares during the period. Casey’s General Stores accounts for about 1.0% of CPC Advisors LLC’s portfolio, making the stock its 15th largest position. CPC Advisors LLC’s holdings in Casey’s General Stores were worth $6,034,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Casey’s General Stores in the third quarter valued at $25,000. True Wealth Design LLC lifted its position in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in Casey’s General Stores during the 3rd quarter worth about $35,000. Finally, ORG Partners LLC increased its position in Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $842.25 on Monday. The company’s 50 day simple moving average is $812.00 and its 200 day simple moving average is $696.85. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. The firm has a market capitalization of $31.13 billion, a P/E ratio of 43.96, a P/E/G ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates 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 in the previous year, the business earned $2.63 EPS. On average, analysts predict that Casey’s General Stores, Inc. will post 20.9 EPS for the current year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be issued a $0.65 dividend. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CASY shares. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $695.00 price target on shares of Casey’s General Stores in a report on Wednesday, June 10th. Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Wolfe Research reiterated 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, JPMorgan Chase & Co. lifted their target price on Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a research note on Friday, June 12th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $925.25.

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.