Swiss National Bank Acquires 500 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Swiss National Bank boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,987 shares of the company’s stock after buying an additional 500 shares during the period. Swiss National Bank’s holdings in Casey’s General Stores were worth $28,920,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CASY. Soros Capital Management LLC lifted its stake in Casey’s General Stores by 1,825.6% during the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after purchasing an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Casey’s General Stores by 55.6% during the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after purchasing an additional 3,065 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Casey’s General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after purchasing an additional 1,332 shares during the last quarter. JLB & Associates Inc. lifted its stake in Casey’s General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after purchasing an additional 749 shares during the last quarter. Finally, South Dakota Investment Council lifted its stake in Casey’s General Stores by 28.0% during the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after purchasing an additional 2,200 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 1.0 %

Shares of NASDAQ:CASY opened at $399.68 on Tuesday. Casey’s General Stores, Inc. has a 1 year low of $303.95 and a 1 year high of $445.17. The company has a market cap of $14.84 billion, a PE ratio of 27.85, a P/E/G ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock’s 50-day moving average is $409.58 and its 200 day moving average is $400.36.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the business earned $2.33 EPS. Casey’s General Stores’s revenue was up 17.2% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey’s General Stores’s payout ratio is 13.94%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI decreased their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.