2,578 Shares in Casey’s General Stores, Inc. $CASY Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,578 shares of the company’s stock, valued at approximately $2,049,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Casey’s General Stores during the 2nd quarter worth about $2,759,895,000. Northwestern Mutual Wealth Management Co. increased its holdings in Casey’s General Stores by 179,938.2% in the fourth 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 last quarter. Franklin Resources Inc. raised 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 valued at $590,671,000 after acquiring an additional 310,470 shares in the last quarter. Geode Capital Management LLC raised its position in Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after acquiring an additional 52,250 shares in the last quarter. Finally, Invesco Ltd. raised its position in Casey’s General Stores by 12.6% during the fourth quarter. Invesco Ltd. now owns 572,152 shares of the company’s stock valued at $316,234,000 after acquiring an additional 64,154 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CASY. Royal Bank Of Canada reissued a “sector perform” rating and issued a $913.00 target price on shares of Casey’s General Stores in a research report on Wednesday, July 29th. KeyCorp lifted their price objective on shares of Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. BMO Capital Markets upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price objective for the company in a report on Monday, June 29th. The Goldman Sachs Group increased their target price on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company raised their target price on Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $944.20.

Insider Activity

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the firm’s 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 owned 89,174 shares of the company’s stock, valued at $71,469,394.04. This trade represents a 17.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total value of $4,777,512.00. Following the completion of the transaction, the chief financial officer directly owned 29,677 shares in the company, valued at approximately $24,874,074.32. This represents a 16.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,243 shares of company stock worth $24,421,877 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $807.12 on Thursday. The firm has a market capitalization of $29.87 billion, a PE ratio of 42.13, a PEG ratio of 2.82 and a beta of 0.61. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $835.23 and its 200 day simple moving average is $780.78.

Casey’s General Stores (NASDAQ:CASY) last released its 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. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $2.63 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Casey’s General Stores Increases Dividend

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

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.