Northwestern Mutual Wealth Management Co. Sells 692 Shares of Casey’s General Stores, Inc. $CASY

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 40.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,018 shares of the company’s stock after selling 692 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Casey’s General Stores were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Fiduciary Financial Advisors bought a new position in Casey’s General Stores during the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new stake in Casey’s General Stores in the second quarter valued at approximately $33,000. Caitlin John LLC acquired a new stake in Casey’s General Stores in the second quarter worth $35,000. Whipplewood Advisors LLC bought a new stake in shares of Casey’s General Stores in the 1st quarter valued at $33,000. Finally, RMG Wealth Management LLC lifted its holdings in Casey’s General Stores by 250.0% during the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after acquiring an additional 40 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CASY. BNP Paribas Exane lowered their price target on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Weiss Ratings lowered Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Capital One Financial assumed coverage on Casey’s General Stores in a research note on Monday, June 22nd. They set an “equal weight” rating and a $896.00 target price for the company. KeyCorp raised their target price on shares of Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Finally, BMO Capital Markets raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price target on the stock in a research note on Monday, June 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $928.53.

Insider Buying and Selling

In related news, Director Allison M. Wing sold 530 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the transaction, the director directly owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% 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. Also, insider Katrina S. Lindsey sold 2,000 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the transaction, the insider owned 6,668 shares in the company, valued at approximately $5,334,400. The trade was a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,243 shares of company stock worth $24,421,877 in the last quarter. 0.67% of the stock is owned by company insiders.

Casey’s General Stores Stock Performance

Shares of CASY opened at $756.09 on Friday. The stock has a market capitalization of $27.98 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 2.59 and a beta of 0.59. The firm has a fifty day simple moving average of $827.10 and a 200 day simple moving average of $784.78. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 12 month low of $497.38 and a 12 month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion for 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%.Casey’s General Stores’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 earnings per share. Research analysts forecast that Casey’s General Stores, Inc. will post 21.13 EPS for the current fiscal year.

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.