Vontobel Holding Ltd. Has $503.64 Million Stock Position in Casey’s General Stores, Inc. $CASY

Vontobel Holding Ltd. increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 129.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 890,884 shares of the company’s stock after purchasing an additional 502,104 shares during the period. Casey’s General Stores makes up approximately 1.5% of Vontobel Holding Ltd.’s investment portfolio, making the stock its 18th largest holding. Vontobel Holding Ltd. owned about 2.40% of Casey’s General Stores worth $503,635,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CASY. Nvwm LLC acquired a new stake in shares of Casey’s General Stores in the 2nd quarter valued at approximately $32,000. Rossby Financial LCC increased its stake in Casey’s General Stores by 580.0% in the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after purchasing an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Casey’s General Stores in the second quarter worth $42,000. Osterweis Capital Management Inc. bought a new position in shares of Casey’s General Stores during the second quarter worth $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on Casey’s General Stores from $570.00 to $591.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 10th. Jefferies Financial Group boosted their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Stephens raised their target price on shares of Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday. Finally, BMO Capital Markets increased their price objective on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 10th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $585.67.

Insiders Place Their Bets

In related news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $566.98 on Wednesday. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 34.87 and a beta of 0.65. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $575.98. The firm has a fifty day simple moving average of $547.69 and a 200 day simple moving average of $531.58. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.Casey’s General Stores’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.85 earnings per share. Research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

Casey’s General Stores 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.