Casey’s General Stores, Inc. $CASY Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697,045 shares of the company’s stock after selling 193,839 shares during the quarter. Casey’s General Stores makes up approximately 1.2% of Vontobel Holding Ltd.’s investment portfolio, making the stock its 21st largest position. Vontobel Holding Ltd.’s holdings in Casey’s General Stores were worth $385,264,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised 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 buying an additional 2,657,687 shares during the period. Franklin Resources Inc. raised its stake in Casey’s General Stores by 40.9% in the 4th quarter. Franklin Resources Inc. now owns 1,068,682 shares of the company’s stock valued at $590,671,000 after purchasing an additional 310,470 shares during the last quarter. Victory Capital Management Inc. raised its stake in Casey’s General Stores by 35.4% in the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after purchasing an additional 206,777 shares during the last quarter. Geode Capital Management LLC raised its stake in Casey’s General Stores by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Casey’s General Stores by 5.0% in the 3rd quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock valued at $287,182,000 after purchasing an additional 24,091 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CASY. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. Wells Fargo & Company increased their price objective on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a research note on Thursday. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada increased their price objective on Casey’s General Stores from $792.00 to $794.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $899.25.

Casey’s General Stores Stock Down 2.3%

Shares of CASY opened at $895.14 on Friday. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The company has a market capitalization of $33.08 billion, a PE ratio of 46.72, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61. The stock has a fifty day simple moving average of $801.23 and a two-hundred day simple moving average of $685.79. The company has a quick ratio of 0.64, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share 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 was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.63 EPS. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 20.51 EPS 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. Stockholders of record on Saturday, August 1st will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is currently 11.90%.

Key Headlines Impacting Casey’s General Stores

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: JPMorgan raised its price target on Casey’s General Stores to $975 from $719, signaling improved valuation expectations even while keeping a neutral rating. Benzinga
• Positive Sentiment: Wells Fargo boosted its price target to $960 from $910 and reiterated an overweight rating, reflecting confidence in Casey’s execution and upside potential. Tickerreport.com
• Positive Sentiment: Recent coverage highlighted Casey’s as a long-term momentum stock, reinforcing the view that its business model has both growth and defensive appeal. Zacks
• Positive Sentiment: Analysts and market commentary pointed to durable margin momentum, strong inside sales, disciplined fuel operations, and store growth as reasons earnings power could keep rising into fiscal 2027. Zacks
• Positive Sentiment: The company was also highlighted for its dividend growth and shareholder-return profile, which can support investor interest during volatile markets. Zacks
• Positive Sentiment: MarketBeat commentary described Casey’s as a growth stock with defensive characteristics, supported by buybacks, cash flow generation, and guidance that investors view favorably. MarketBeat

Casey’s General Stores 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.