Caseys General Stores, Inc. (CASY) Holdings Raised by Principal Financial Group Inc.
Principal Financial Group Inc. boosted its position in Caseys General Stores, Inc. (NASDAQ:CASY) by 3.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 165,899 shares of the company’s stock after purchasing an additional 5,329 shares during the period. Principal Financial Group Inc. owned about 0.43% of Caseys General Stores worth $17,769,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of CASY. Capstone Asset Management Co. grew its position in Caseys General Stores by 13.5% in the 1st quarter. Capstone Asset Management Co. now owns 2,605 shares of the company’s stock worth $292,000 after purchasing an additional 310 shares in the last quarter. World Asset Management Inc grew its position in Caseys General Stores by 15.3% in the 1st quarter. World Asset Management Inc now owns 3,029 shares of the company’s stock worth $340,000 after purchasing an additional 402 shares in the last quarter. Karp Capital Management Corp bought a new stake in Caseys General Stores in the 1st quarter worth about $1,785,000. Sei Investments Co. grew its position in Caseys General Stores by 3.7% in the 1st quarter. Sei Investments Co. now owns 65,270 shares of the company’s stock worth $7,327,000 after purchasing an additional 2,309 shares in the last quarter. Finally, TD Asset Management Inc. grew its position in Caseys General Stores by 159.7% in the 1st quarter. TD Asset Management Inc. now owns 49,340 shares of the company’s stock worth $5,538,000 after purchasing an additional 30,340 shares in the last quarter. 99.48% of the stock is owned by institutional investors and hedge funds.
Caseys General Stores, Inc. (NASDAQ:CASY) opened at 106.75 on Friday. Caseys General Stores, Inc. has a 1-year low of $99.76 and a 1-year high of $126.49. The firm has a 50-day moving average of $106.04 and a 200-day moving average of $109.37. The stock has a market capitalization of $4.11 billion, a PE ratio of 23.83 and a beta of 0.50.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.46. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. Caseys General Stores’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. Equities analysts expect that Caseys General Stores, Inc. will post $4.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.26 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. Caseys General Stores’s dividend payout ratio is presently 24.53%.
A number of brokerages have issued reports on CASY. BidaskClub raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Royal Bank Of Canada reduced their price objective on shares of Caseys General Stores from $121.00 to $118.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, BMO Capital Markets set a $110.00 price objective on shares of Caseys General Stores and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $115.29.
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In other news, SVP John C. Soupene sold 1,000 shares of Caseys General Stores stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total value of $106,520.00. Following the completion of the sale, the senior vice president now directly owns 1,253 shares in the company, valued at $133,469.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
About Caseys General Stores
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.
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