United Capital Financial Advisors LLC Takes Position in Casey’s General Stores, Inc. $CASY

United Capital Financial Advisors LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 689 shares of the company’s stock, valued at approximately $548,000.

A number of other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Casey’s General Stores by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock worth $420,416,000 after purchasing an additional 52,250 shares during the last quarter. Daiichi Life Insurance Co. Ltd. bought a new position in Casey’s General Stores during the second quarter valued at $1,222,000. Burns J W & Co. Inc. NY lifted its position in Casey’s General Stores by 103.5% during the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock valued at $1,782,000 after purchasing an additional 1,245 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of Casey’s General Stores in the 4th quarter worth $720,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in shares of Casey’s General Stores in the 4th quarter worth $1,338,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $752.21 on Tuesday. The firm’s 50 day simple moving average is $830.33 and its 200-day simple moving average is $782.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. Casey’s General Stores, Inc. has a one year low of $490.00 and a one year high of $927.85. The firm has a market cap of $27.84 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly 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 firm had revenue of $4.57 billion during the quarter, compared to analyst estimates 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. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Saturday, August 1st were issued a $0.65 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CASY. Capital One Financial began coverage on shares of Casey’s General Stores in a research report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 target price on the stock. Stephens set a $975.00 price target on Casey’s General Stores and gave the stock an “overweight” rating in a research report on Friday, June 12th. Wolfe Research reissued an “outperform” rating and set a $1,069.00 price objective on shares of Casey’s General Stores in a research note on Thursday, June 11th. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Finally, 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 research note on Thursday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $942.87.

Insider Buying and Selling at Casey’s General Stores

In related news, CEO Darren M. Rebelez sold 19,000 shares of Casey’s General Stores stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value of $15,227,740.00. Following the completion of the sale, the chief executive officer directly owned 89,174 shares in the company, valued at $71,469,394.04. The trade was a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Allison M. Wing sold 530 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total transaction of $443,917.40. Following the completion of the sale, the director directly owned 3,042 shares of the company’s stock, valued at approximately $2,547,918.36. This trade represents a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 30,243 shares of company stock worth $24,421,877. Insiders own 0.67% of the company’s stock.

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.