CPC Advisors LLC Has $4.77 Million Stock Position in Casey’s General Stores, Inc. $CASY

CPC Advisors LLC boosted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 40.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,430 shares of the company’s stock after acquiring an additional 2,441 shares during the quarter. CPC Advisors LLC’s holdings in Casey’s General Stores were worth $4,766,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CASY. Bogart Wealth LLC increased its holdings in shares of Casey’s General Stores by 388.5% in the third quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock valued at $72,000 after purchasing an additional 101 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Casey’s General Stores in the 3rd quarter valued at $187,000. Nordea Investment Management AB increased its stake in shares of Casey’s General Stores by 0.5% in the 3rd quarter. Nordea Investment Management AB now owns 18,589 shares of the company’s stock valued at $10,405,000 after buying an additional 85 shares during the period. First Horizon Corp bought a new stake in shares of Casey’s General Stores during the third quarter worth $143,000. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Casey’s General Stores by 25.0% during the third quarter. Pinnacle Bancorp Inc. now owns 290 shares of the company’s stock valued at $164,000 after acquiring an additional 58 shares during the period. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Up 1.5%

Casey’s General Stores stock opened at $602.45 on Tuesday. The firm has a market capitalization of $22.33 billion, a price-to-earnings ratio of 37.05 and a beta of 0.67. The company’s 50 day simple moving average is $556.14 and its 200 day simple moving average is $538.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $610.09.

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

Casey’s General Stores Announces Dividend

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

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the stock in a transaction on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CASY shares. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on shares of Casey’s General Stores in a research note on Thursday. Finally, Stephens upped their target price on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $595.90.

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.