751 Shares in Casey’s General Stores, Inc. $CASY Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 751 shares of the company’s stock, valued at approximately $597,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Whipplewood Advisors LLC purchased a new position in shares of Casey’s General Stores in the 1st quarter valued at about $33,000. Bell Investment Advisors Inc purchased a new position in Casey’s General Stores in the second quarter valued at approximately $33,000. Larson Financial Group LLC raised its holdings in Casey’s General Stores by 252.4% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after purchasing an additional 53 shares in the last quarter. RMG Wealth Management LLC raised its holdings in Casey’s General Stores by 250.0% during the first quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after purchasing an additional 40 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $43,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 6,668 shares of the company’s stock, valued at $5,334,400. This represents a 23.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darren M. Rebelez sold 19,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value of $15,227,740.00. Following the sale, the chief executive officer directly owned 89,174 shares of the company’s stock, valued at $71,469,394.04. The trade was a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,243 shares of company stock worth $24,421,877 over the last three months. 0.67% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Down 0.9%

Shares of NASDAQ:CASY opened at $828.38 on Friday. The stock has a market cap of $30.66 billion, a P/E ratio of 43.23, a P/E/G ratio of 2.80 and a beta of 0.61. The firm has a fifty day moving average price of $838.47 and a 200 day moving average price of $775.47. 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 1-year low of $490.00 and a 1-year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the business posted $2.63 earnings per share. Casey’s General Stores’s quarterly revenue was up 14.5% on a year-over-year basis. Sell-side analysts predict that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Saturday, August 1st were issued a dividend of $0.65 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 31st. Casey’s General Stores’s dividend payout ratio is 13.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on CASY shares. Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the company an “overweight” rating in a research report on Friday, June 12th. Wolfe Research reissued an “outperform” rating and issued a $1,069.00 price target on shares of Casey’s General Stores in a research report on Thursday, June 11th. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Capital One Financial began coverage on Casey’s General Stores in a report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $944.20.

About Casey’s General Stores

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.