Allspring Global Investments Holdings LLC Sells 1,629 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Allspring Global Investments Holdings LLC trimmed its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,647 shares of the company’s stock after selling 1,629 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Casey’s General Stores were worth $6,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LexAurum Advisors LLC raised its stake in shares of Casey’s General Stores by 3.1% during the fourth quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock valued at $362,000 after acquiring an additional 40 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Casey’s General Stores by 46.6% in the second quarter. Sunbelt Securities Inc. now owns 129 shares of the company’s stock worth $31,000 after buying an additional 41 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in Casey’s General Stores by 44.0% in the third quarter. Pinnacle Bancorp Inc. now owns 144 shares of the company’s stock worth $39,000 after buying an additional 44 shares in the last quarter. Signaturefd LLC raised its stake in Casey’s General Stores by 12.8% in the third quarter. Signaturefd LLC now owns 387 shares of the company’s stock worth $105,000 after buying an additional 44 shares in the last quarter. Finally, Savant Capital LLC raised its stake in Casey’s General Stores by 5.0% in the third quarter. Savant Capital LLC now owns 974 shares of the company’s stock worth $264,000 after buying an additional 46 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

Shares of CASY opened at $309.40 on Friday. The stock has a market cap of $11.45 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. Casey’s General Stores, Inc. has a fifty-two week low of $212.50 and a fifty-two week high of $324.40. The firm’s 50-day simple moving average is $304.37 and its two-hundred day simple moving average is $285.78.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.36 earnings per share. Analysts anticipate that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 13.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CASY shares. Benchmark reissued a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 6th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Evercore ISI decreased their price target on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company increased their price target on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, BMO Capital Markets increased their price target on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.63.

About Casey’s General Stores

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 pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.