Vontobel Holding Ltd. Sells 22,175 Shares of Casey’s General Stores, Inc. $CASY

Vontobel Holding Ltd. decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 388,780 shares of the company’s stock after selling 22,175 shares during the quarter. Vontobel Holding Ltd. owned 1.05% of Casey’s General Stores worth $198,383,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Valmark Advisers Inc. lifted its holdings in Casey’s General Stores by 0.5% during the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after buying an additional 21 shares during the period. Independent Solutions Wealth Management LLC boosted its stake in shares of Casey’s General Stores by 2.6% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 5,317 shares of the company’s stock worth $2,713,000 after acquiring an additional 135 shares in the last quarter. Trueblood Wealth Management LLC boosted its stake in shares of Casey’s General Stores by 7.1% during the 2nd quarter. Trueblood Wealth Management LLC now owns 2,310 shares of the company’s stock worth $1,179,000 after acquiring an additional 154 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Casey’s General Stores by 7.6% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 8,749 shares of the company’s stock worth $4,464,000 after acquiring an additional 618 shares in the last quarter. Finally, JSF Financial LLC lifted its stake in Casey’s General Stores by 10.1% in the 2nd quarter. JSF Financial LLC now owns 2,546 shares of the company’s stock valued at $1,299,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $553.74 on Thursday. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $571.57. The stock has a market cap of $20.59 billion, a PE ratio of 35.54 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The firm has a fifty day moving average price of $528.31 and a 200 day moving average price of $491.32.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the previous year, the company earned $4.83 earnings per share. Casey’s General Stores’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be paid a $0.57 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s payout ratio is currently 14.63%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CASY. Royal Bank Of Canada raised their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. BMO Capital Markets raised their price target on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. KeyCorp lifted their target price on shares of Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Evercore ISI raised their price target on shares of Casey’s General Stores from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. Finally, Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $533.10.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.