World Investment Advisors Boosts Stake in Casey’s General Stores, Inc. $CASY

World Investment Advisors increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 164.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,045 shares of the company’s stock after purchasing an additional 650 shares during the quarter. World Investment Advisors’ holdings in Casey’s General Stores were worth $761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CASY. Pinnacle Bancorp Inc. increased its position in Casey’s General Stores by 4.8% in the first quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock worth $221,000 after buying an additional 14 shares in the last quarter. Menard Financial Group LLC lifted its position in shares of Casey’s General Stores by 1.2% during the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock valued at $700,000 after buying an additional 15 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Casey’s General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock valued at $2,839,000 after buying an additional 16 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its position in shares of Casey’s General Stores by 0.8% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock valued at $1,292,000 after buying an additional 18 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Casey’s General Stores by 4.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 444 shares of the company’s stock valued at $245,000 after acquiring an additional 18 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $822.00 on Friday. The firm has a market cap of $30.42 billion, a PE ratio of 42.90, a PEG ratio of 2.53 and a beta of 0.62. The stock has a 50 day moving average of $822.83 and a 200 day moving average of $721.48. 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 $490.00 and a 12 month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping 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%.The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 EPS. On average, research analysts expect that Casey’s General Stores, Inc. will post 21.14 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be given a $0.65 dividend. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 11.90%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the completion of the transaction, the chief executive officer owned 89,174 shares in the company, valued at $71,469,394.04. This trade represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores 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 completion of the transaction, the insider directly owned 6,668 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 24,013 shares of company stock worth $19,200,447. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CASY shares. Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the stock an “overweight” rating in a report on Friday, June 12th. 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 report on Monday, June 29th. Royal Bank Of Canada upped their price target on shares of Casey’s General Stores from $794.00 to $850.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 25th. William Blair initiated coverage on shares of Casey’s General Stores in a research note on Wednesday, May 20th. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,000.00 price objective on shares of Casey’s General Stores in a research report on Monday, June 15th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $939.29.

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.