Casey’s General Stores, Inc. $CASY Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 43.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,706 shares of the company’s stock after purchasing an additional 814 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Casey’s General Stores were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Foster Dykema Cabot & Partners LLC acquired a new position in Casey’s General Stores in the third quarter valued at about $25,000. Central Pacific Bank Trust Division increased its position 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 acquiring an additional 19 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. ORG Partners LLC raised its stake in shares of 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 during the period. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Casey’s General Stores in the 3rd quarter worth approximately $35,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,013 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the sale, the insider owned 9,823 shares in the company, valued at $7,735,514.27. This represents a 23.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mike Spanos purchased 256 shares of Casey’s General Stores stock in a transaction on Friday, June 26th. The stock was bought at an average cost of $778.81 per share, for a total transaction of $199,375.36. Following the transaction, the director directly owned 4,758 shares in the company, valued at $3,705,577.98. This represents a 5.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CASY has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on shares of Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a report on Friday, June 12th. The Goldman Sachs Group upped their price target on Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. KeyCorp raised their price target on Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday, June 24th. Finally, Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $939.29.

Casey’s General Stores Price Performance

Shares of CASY opened at $784.28 on Thursday. The company has a market cap of $29.03 billion, a P/E ratio of 40.93, a PEG ratio of 2.39 and a beta of 0.62. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average price is $820.32 and its 200 day moving average price is $710.44.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.63 EPS. On average, research analysts forecast that Casey’s General Stores, Inc. will post 21.05 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently announced 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 represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

Casey’s General Stores News Roundup

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Casey’s reported strong quarterly results, including EPS of $4.37 versus $3.31 expected and revenue of $4.57 billion versus $4.33 billion expected, reinforcing the company’s momentum. Article Title
• Positive Sentiment: Recent coverage highlighted strong inside same-store sales growth, driven by menu innovation, value pricing, and growth in food, beverages, and merchandise. Article Title
• Positive Sentiment: The company raised its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash generation and adding income appeal. Article Title
• Positive Sentiment: Analysts remain constructive overall, with multiple firms lifting price targets and consensus still sitting at a “Moderate Buy.” Article Title
• Neutral Sentiment: Director Mike Spanos bought 256 shares, a modest insider purchase that suggests confidence but is too small to be a major catalyst. Article Title
• Neutral Sentiment: Insider selling by Katrina Lindsey and Chad Michael Frazell may weigh on sentiment, but the sales appear to be routine portfolio reductions rather than a clear change in business fundamentals. Article Title
• Negative Sentiment: News that Casey’s dropped out of key Russell indexes could create technical selling pressure from index-linked funds and help explain some of the weakness. Article Title

Casey’s General Stores Company Profile

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.