Copeland Capital Management LLC Sells 15,485 Shares of Casey’s General Stores, Inc. $CASY

Copeland Capital Management LLC trimmed its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 20.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 58,972 shares of the company’s stock after selling 15,485 shares during the quarter. Copeland Capital Management LLC’s holdings in Casey’s General Stores were worth $42,924,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. boosted its position in Casey’s General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after buying an additional 105 shares during the period. EverSource Wealth Advisors LLC boosted its position in Casey’s General Stores by 431.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after buying an additional 177 shares during the period. Amundi bought a new stake in Casey’s General Stores in the 2nd quarter worth $338,000. Finally, Jump Financial LLC grew its holdings in Casey’s General Stores by 42.6% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after acquiring an additional 289 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Allison M. Wing sold 530 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the sale, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the sale, the chief financial officer owned 29,677 shares in the company, valued at approximately $24,874,074.32. This trade represents a 16.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 30,243 shares of company stock valued at $24,421,877. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CASY shares. Wolfe Research reaffirmed 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. BNP Paribas Exane cut their target price on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. Wells Fargo & Company upped their price target on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Finally, Stephens set a $975.00 price objective on Casey’s General Stores and gave the stock an “overweight” rating in a report on Friday, June 12th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $940.00.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $859.12 on Friday. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. The stock’s 50 day simple moving average is $822.56 and its two-hundred day simple moving average is $731.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The stock has a market cap of $31.80 billion, a price-to-earnings ratio of 44.84, a PEG ratio of 2.48 and a beta of 0.62.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.63 EPS. As a group, analysts expect that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be issued a $0.65 dividend. 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 is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

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.