Northern Trust Corp reduced its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 26.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 471,129 shares of the company’s stock after selling 166,919 shares during the period. Northern Trust Corp owned approximately 1.22% of Caseys General Stores worth $50,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CASY. Parametric Portfolio Associates LLC grew its stake in shares of Caseys General Stores by 6.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 63,034 shares of the company’s stock valued at $7,076,000 after purchasing an additional 4,042 shares during the period. Prudential Financial Inc. grew its stake in shares of Caseys General Stores by 6.1% in the 1st quarter. Prudential Financial Inc. now owns 24,469 shares of the company’s stock valued at $2,747,000 after purchasing an additional 1,410 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Caseys General Stores in the 1st quarter valued at approximately $275,000. OppenheimerFunds Inc. grew its stake in shares of Caseys General Stores by 50.8% in the 1st quarter. OppenheimerFunds Inc. now owns 15,818 shares of the company’s stock valued at $1,776,000 after purchasing an additional 5,327 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Caseys General Stores by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 160,570 shares of the company’s stock valued at $18,024,000 after purchasing an additional 3,855 shares during the period. Institutional investors own 99.83% of the company’s stock.

Shares of Caseys General Stores, Inc. (CASY) opened at 111.06 on Friday. The company’s 50-day moving average price is $107.17 and its 200-day moving average price is $109.16. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 26.24 and a beta of 0.51. Caseys General Stores, Inc. has a 52-week low of $99.76 and a 52-week high of $126.49.

Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.46. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. Equities research analysts forecast that Caseys General Stores, Inc. will post $4.40 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.26 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a yield of 0.94%. Caseys General Stores’s dividend payout ratio (DPR) is 24.53%.

ILLEGAL ACTIVITY NOTICE: “Northern Trust Corp Has $50.46 Million Stake in Caseys General Stores, Inc. (CASY)” was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/northern-trust-corp-has-50-46-million-stake-in-caseys-general-stores-inc-casy/1617250.html.

In related news, SVP Brian Joseph Johnson sold 1,000 shares of Caseys General Stores stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the transaction, the senior vice president now directly owns 8,229 shares of the company’s stock, valued at $888,814.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Several research firms have recently weighed in on CASY. BidaskClub upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $139.00 price objective on shares of Caseys General Stores in a research note on Tuesday, June 20th. Finally, Royal Bank Of Canada set a $118.00 price objective on Caseys General Stores and gave the company a “hold” rating in a research note on Sunday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Caseys General Stores has an average rating of “Hold” and a consensus target price of $115.29.

About Caseys General Stores

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caseys General Stores, Inc. (NASDAQ:CASY).

Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

Receive News & Ratings for Caseys General Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caseys General Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.