2,148 Shares in Casey’s General Stores, Inc. $CASY Purchased by Bellwether Advisors LLC

Bellwether Advisors LLC bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,148 shares of the company’s stock, valued at approximately $1,563,000.

Several other institutional investors have also recently bought and sold shares of CASY. True Wealth Design LLC raised its holdings in shares of Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Casey’s General Stores during the first quarter worth $33,000. ORG Partners LLC grew its position in Casey’s General Stores by 47.6% in the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after purchasing an additional 20 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Casey’s General Stores by 252.4% in the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock valued at $41,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $858.26 on Wednesday. Casey’s General Stores, Inc. has a 12-month low of $490.00 and a 12-month high of $927.85. The firm has a market capitalization of $31.76 billion, a price-to-earnings ratio of 44.79, a P/E/G ratio of 2.60 and a beta of 0.62. The stock’s 50 day moving average price is $822.17 and its two-hundred day moving average price is $737.11. 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 earnings results on Tuesday, June 9th. The company reported $4.37 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 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 firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.63 EPS. On average, analysts anticipate that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is a positive change 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 presently 11.90%.

Analysts Set New Price Targets

CASY has been the topic of several analyst reports. Morgan Stanley raised shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Wells Fargo & Company raised 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. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price on the stock in a research report on Monday, July 13th. The Goldman Sachs Group upped their target price on Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, KeyCorp increased their price target on Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.00.

Insider Activity

In other news, insider Katrina S. Lindsey sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider owned 6,668 shares in the company, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of Casey’s General Stores stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the sale, the chief financial officer directly owned 29,677 shares of the company’s stock, valued at $24,874,074.32. The trade was a 16.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 30,243 shares of company stock valued at $24,421,877. 0.54% of the stock is owned by company insiders.

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.