TD Asset Management Inc Has $70.14 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

TD Asset Management Inc boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.5% in the 1st quarter, HoldingsChannel reports. The firm owned 220,257 shares of the company’s stock after acquiring an additional 5,296 shares during the period. TD Asset Management Inc’s holdings in Casey’s General Stores were worth $70,141,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Koshinski Asset Management Inc. acquired a new stake in Casey’s General Stores during the first quarter worth approximately $229,000. Motley Fool Asset Management LLC acquired a new stake in Casey’s General Stores during the first quarter worth approximately $976,000. Avantax Advisory Services Inc. acquired a new stake in Casey’s General Stores during the first quarter worth approximately $226,000. US Bancorp DE lifted its position in Casey’s General Stores by 11.6% during the first quarter. US Bancorp DE now owns 2,802 shares of the company’s stock worth $892,000 after acquiring an additional 291 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in Casey’s General Stores by 9.3% during the first quarter. Inspire Investing LLC now owns 6,805 shares of the company’s stock worth $2,167,000 after acquiring an additional 578 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CASY. Benchmark raised their price objective on shares of Casey’s General Stores from $350.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $322.00 to $361.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 12th. StockNews.com upgraded shares of Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th. Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey’s General Stores from $375.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $401.22.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY traded up $2.04 during midday trading on Friday, reaching $378.46. The company’s stock had a trading volume of 19,336 shares, compared to its average volume of 290,560. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. Casey’s General Stores, Inc. has a fifty-two week low of $238.44 and a fifty-two week high of $389.43. The business’s 50 day moving average price is $355.99 and its two-hundred day moving average price is $319.16. The company has a market cap of $14.04 billion, a P/E ratio of 28.10, a P/E/G ratio of 2.74 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.70 by $0.64. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the business earned $1.49 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that Casey’s General Stores, Inc. will post 14.2 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.50 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, August 1st. Casey’s General Stores’s payout ratio is currently 12.81%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.