5,735 Shares in Casey’s General Stores, Inc. $CASY Acquired by First National Bank of Omaha

First National Bank of Omaha acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,735 shares of the company’s stock, valued at approximately $3,242,000.

A number of other institutional investors also recently bought and sold shares of the business. Cannon Global Investment Management LLC acquired a new stake in Casey’s General Stores in the 3rd quarter valued at $1,018,000. UNIVEST FINANCIAL Corp grew its position in shares of Casey’s General Stores by 157.2% in the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after purchasing an additional 5,230 shares during the period. Franklin Resources Inc. increased its stake in shares of Casey’s General Stores by 0.3% during the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock worth $361,727,000 after purchasing an additional 2,467 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Casey’s General Stores by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock worth $108,065,000 after purchasing an additional 1,950 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in Casey’s General Stores by 82.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $1,456,000 after buying an additional 1,162 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research note on Thursday, January 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $662.00 target price on shares of Casey’s General Stores in a report on Friday, January 23rd. Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $615.50.

Insider Activity at Casey’s General Stores

In related news, Director Moats Maria Castanon purchased 300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Down 0.6%

CASY opened at $657.68 on Thursday. The business’s 50 day moving average price is $603.62 and its 200 day moving average price is $560.77. The stock has a market capitalization of $24.38 billion, a PE ratio of 40.45, a P/E/G ratio of 2.34 and a beta of 0.68. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $678.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the previous year, the business posted $4.85 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Sunday, February 1st were given a dividend of $0.57 per share. The ex-dividend date was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is 14.02%.

Casey’s General Stores Company 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.