Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.3% in the second quarter, Holdings Channel reports. The institutional investor owned 1,424 shares of the company’s stock after acquiring an additional 109 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Casey’s General Stores were worth $543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at $112,081,000. Steward Partners Investment Advisory LLC raised its holdings in Casey’s General Stores by 195.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,488 shares of the company’s stock worth $958,000 after purchasing an additional 2,309 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $903,000. Azimuth Capital Investment Management LLC acquired a new position in shares of Casey’s General Stores in the 4th quarter valued at $8,498,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Casey’s General Stores in the 1st quarter valued at about $794,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $373.38 on Thursday. The stock’s 50-day moving average price is $373.45 and its two-hundred day moving average price is $344.17. Casey’s General Stores, Inc. has a 1 year low of $254.25 and a 1 year high of $401.07. The stock has a market cap of $13.86 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. Casey’s General Stores’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.52 EPS. On average, equities analysts predict that Casey’s General Stores, Inc. will post 13.45 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.89%.

Insider Buying and Selling

In other news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CASY. JPMorgan Chase & Co. boosted their price target on shares of Casey’s General Stores from $298.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective on the stock in a report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a report on Monday, July 29th. Jefferies Financial Group raised their price target on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Royal Bank of Canada increased their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.20.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.