Dividend Assets Capital LLC cut its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 18.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,624 shares of the company’s stock after selling 87,347 shares during the period. Caseys General Stores accounts for 1.7% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 29th largest position. Dividend Assets Capital LLC’s holdings in Caseys General Stores were worth $41,947,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Caseys General Stores by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock valued at $386,247,000 after buying an additional 186,873 shares during the period. BlackRock Inc. raised its stake in Caseys General Stores by 14,288.2% in the first quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock valued at $347,227,000 after buying an additional 3,071,830 shares during the period. Iridian Asset Management LLC CT raised its stake in Caseys General Stores by 0.7% in the first quarter. Iridian Asset Management LLC CT now owns 1,422,100 shares of the company’s stock valued at $159,631,000 after buying an additional 9,850 shares during the period. Clearbridge Investments LLC raised its stake in Caseys General Stores by 23.6% in the first quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock valued at $154,194,000 after buying an additional 262,360 shares during the period. Finally, State Street Corp raised its stake in Caseys General Stores by 2.3% in the first quarter. State Street Corp now owns 1,081,194 shares of the company’s stock valued at $121,356,000 after buying an additional 23,935 shares during the period. Hedge funds and other institutional investors own 96.21% of the company’s stock.

Caseys General Stores, Inc. (NASDAQ CASY) opened at 106.53 on Friday. The company has a 50-day moving average of $106.25 and a 200 day moving average of $111.28. The stock has a market cap of $4.11 billion, a P/E ratio of 23.78 and a beta of 0.48. Caseys General Stores, Inc. has a 1-year low of $101.89 and a 1-year high of $135.68.

Caseys General Stores (NASDAQ:CASY) last posted its earnings results on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.09. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the company earned $1.19 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Analysts predict that Caseys General Stores, Inc. will post $4.54 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, July 28th. This represents a $1.04 dividend on an annualized basis and a yield of 0.98%. This is a boost from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s dividend payout ratio is presently 23.21%.

WARNING: This news story was published by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/13/dividend-assets-capital-llc-has-41-95-million-stake-in-caseys-general-stores-inc-casy.html.

Several equities research analysts have recently issued reports on CASY shares. Deutsche Bank AG set a $120.00 target price on shares of Caseys General Stores and gave the stock a “buy” rating in a report on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) started coverage on shares of Caseys General Stores in a report on Thursday, April 27th. They issued a “neutral” rating and a $109.00 target price for the company. Zacks Investment Research upgraded shares of Caseys General Stores from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 16th. BMO Capital Markets set a $110.00 target price on shares of Caseys General Stores and gave the stock a “market perform” rating in a report on Wednesday, June 7th. Finally, Royal Bank Of Canada reduced their price target on shares of Caseys General Stores from $121.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Tuesday, June 6th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $116.29.

In other Caseys General Stores news, SVP Julia L. Jackowski sold 1,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $108.09, for a total value of $108,090.00. Following the transaction, the senior vice president now owns 21,902 shares of the company’s stock, valued at $2,367,387.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

Caseys General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caseys General Stores, Inc. (NASDAQ:CASY).

Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

Receive News & Ratings for Caseys General Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caseys General Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.