Fieldview Capital Management LLC Has $802,000 Stock Holdings in Casey’s General Stores, Inc. $CASY

Fieldview Capital Management LLC cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 79.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,451 shares of the company’s stock after selling 5,575 shares during the period. Fieldview Capital Management LLC’s holdings in Casey’s General Stores were worth $802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASY. Foster Dykema Cabot & Partners LLC bought a new position in shares of Casey’s General Stores in the 3rd quarter valued at $25,000. Central Pacific Bank Trust Division grew its position 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. True Wealth Design LLC grew 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 acquiring an additional 42 shares during the last quarter. ORG Partners LLC grew its position 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 buying an additional 20 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $35,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. Jefferies Financial Group boosted their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Finally, Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $925.25.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $872.39 on Tuesday. The company has a market cap of $32.24 billion, a PE ratio of 45.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.61. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85. The business has a 50 day moving average price of $803.81 and a 200-day moving average price of $688.97. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.63 earnings per share. Equities analysts anticipate that Casey’s General Stores, Inc. will post 20.51 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. This is a boost 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 (DPR) is currently 11.90%.

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.