Fifth Third Wealth Advisors LLC Decreases Position in Casey’s General Stores, Inc. $CASY

Fifth Third Wealth Advisors LLC lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 25.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,331 shares of the company’s stock after selling 1,135 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Casey’s General Stores were worth $2,425,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CASY. Northwestern Mutual Wealth Management Co. boosted its position in Casey’s General Stores by 179,938.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock worth $1,469,747,000 after purchasing an additional 2,657,687 shares during the period. Norges Bank purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $265,163,000. Franklin Resources Inc. boosted its holdings in Casey’s General Stores by 40.9% in the 4th quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock worth $590,671,000 after buying an additional 310,470 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Casey’s General Stores by 175.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock worth $260,622,000 after buying an additional 300,249 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Casey’s General Stores by 115.9% in the 4th quarter. Corient Private Wealth LLC now owns 423,666 shares of the company’s stock valued at $234,164,000 after buying an additional 227,403 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $784.71 on Friday. 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 debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The stock has a market cap of $29.04 billion, a P/E ratio of 40.96, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61. The firm’s fifty day moving average price is $817.50 and its 200-day moving average price is $703.87.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. The company 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 firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.63 earnings per share. On average, equities research analysts expect 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 company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is presently 11.90%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CASY shares. William Blair initiated coverage on Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating on the stock. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. BNP Paribas Exane reduced their target price on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating for the company in a research report on Thursday. Stephens set a $975.00 target price on Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Twelve equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $939.29.

Key Casey’s General Stores News

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

• Positive Sentiment: Casey’s unveiled a new three-year strategic plan centered on food growth, store expansion, and technology-driven productivity improvements, reinforcing the company’s long-term growth story. Casey’s Announces New Three-Year Strategic Plan
• Positive Sentiment: Zacks Research raised multiple earnings estimates for Casey’s across fiscal 2027-2029, signaling confidence in the company’s food, fuel, and store-growth momentum. Casey’s Unveils Three-Year Plan Focusing on Growth and Productivity
• Positive Sentiment: The stock was highlighted on momentum and low-leverage stock screens, which may be helping investor interest in the name. Best Momentum Stocks to Buy for June 24th
• Neutral Sentiment: BNP Paribas Exane lowered its price target on Casey’s to $995 from $1,032, but kept an outperform rating, so the note was still constructive overall. BNP Paribas Exane price target update
• Neutral Sentiment: Recent short-interest data showed essentially no short position, suggesting little bearish conviction but also limiting any short-squeeze narrative. Casey’s General Stores stock page
• Negative Sentiment: Some commentary questioned whether CASY’s strong recent run has already priced in much of the upside, which could temper enthusiasm at current levels. Casey’s General Stores stock after 59% yearly gain

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.