Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASYGet Rating) by 15.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 146,120 shares of the company’s stock after acquiring an additional 19,949 shares during the period. Principal Financial Group Inc. owned approximately 0.39% of Casey’s General Stores worth $27,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CASY. WINTON GROUP Ltd raised its position in shares of Casey’s General Stores by 45.7% in the 2nd quarter. WINTON GROUP Ltd now owns 6,807 shares of the company’s stock valued at $1,259,000 after purchasing an additional 2,135 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Casey’s General Stores by 42.7% in the 2nd quarter. Lazard Asset Management LLC now owns 498 shares of the company’s stock valued at $92,000 after purchasing an additional 149 shares in the last quarter. Shell Asset Management Co. raised its position in shares of Casey’s General Stores by 16.6% in the 2nd quarter. Shell Asset Management Co. now owns 3,228 shares of the company’s stock valued at $597,000 after purchasing an additional 459 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Casey’s General Stores in the 2nd quarter valued at approximately $2,724,000. Finally, Baird Financial Group Inc. raised its position in shares of Casey’s General Stores by 15.1% in the 2nd quarter. Baird Financial Group Inc. now owns 19,069 shares of the company’s stock valued at $3,527,000 after purchasing an additional 2,497 shares in the last quarter. 76.68% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

Shares of CASY opened at $239.72 on Friday. The company has a market cap of $8.93 billion, a P/E ratio of 24.00 and a beta of 0.81. The stock has a fifty day moving average price of $216.91 and a 200 day moving average price of $207.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54. Casey’s General Stores, Inc. has a 12 month low of $170.82 and a 12 month high of $241.28.

Casey’s General Stores (NASDAQ:CASYGet Rating) last issued its quarterly earnings data on Wednesday, September 7th. The company reported $4.09 EPS for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.23). The company had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 2.63%. Casey’s General Stores’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.19 earnings per share. On average, research analysts forecast that Casey’s General Stores, Inc. will post 10.02 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $1.52 annualized dividend and a dividend yield of 0.63%. Casey’s General Stores’s payout ratio is 15.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CASY shares. Stephens upped their target price on Casey’s General Stores from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, November 7th. StockNews.com began coverage on Casey’s General Stores in a research report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. BMO Capital Markets upped their price target on Casey’s General Stores from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Royal Bank of Canada upped their price target on Casey’s General Stores from $250.00 to $256.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Casey’s General Stores from $276.00 to $269.00 in a research report on Friday, September 9th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $247.63.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 454 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was bought at an average price of $220.45 per share, with a total value of $100,084.30. Following the completion of the purchase, the director now owns 454 shares in the company, valued at approximately $100,084.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

About Casey’s General Stores

(Get Rating)

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items.

See Also

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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