Casey’s General Stores, Inc. $CASY Shares Purchased by Banque Transatlantique SA

Banque Transatlantique SA boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,579 shares of the company’s stock after acquiring an additional 1,401 shares during the period. Banque Transatlantique SA’s holdings in Casey’s General Stores were worth $9,164,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CASY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Casey’s General Stores by 179,938.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock worth $1,469,747,000 after purchasing an additional 2,657,687 shares during the period. Norges Bank acquired a new position in Casey’s General Stores in the fourth quarter valued at $265,163,000. Franklin Resources Inc. lifted its position in Casey’s General Stores by 40.9% during the fourth quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock worth $590,671,000 after buying an additional 310,470 shares during the period. Goldman Sachs Group Inc. lifted its position in Casey’s General Stores by 175.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 471,536 shares of the company’s stock worth $260,622,000 after buying an additional 300,249 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Casey’s General Stores by 115.9% in the 4th quarter. Corient Private Wealth LLC now owns 423,666 shares of the company’s stock worth $234,164,000 after buying an additional 227,403 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $842.25 on Friday. The stock’s 50-day moving average is $810.32 and its 200-day moving average is $694.92. The company has a market cap of $31.13 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. 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 issued its earnings results 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 during the quarter, compared to analysts’ expectations 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 for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 EPS. Equities analysts anticipate that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. 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 of this dividend is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is presently 11.90%.

Wall Street Analyst Weigh In

CASY has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $695.00 price target on shares of Casey’s General Stores in a report on Wednesday, June 10th. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. KeyCorp boosted their target price on shares of Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Finally, Jefferies Financial Group increased their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $925.25.

Casey’s General Stores Company 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.