Vontobel Holding Ltd. Reduces Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Vontobel Holding Ltd. lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 6,316 shares of the company’s stock after selling 52 shares during the quarter. Vontobel Holding Ltd.’s holdings in Casey’s General Stores were worth $1,735,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lecap Asset Management Ltd. purchased a new position in shares of Casey’s General Stores during the fourth quarter valued at approximately $743,000. Freedom Day Solutions LLC boosted its holdings in Casey’s General Stores by 16.1% in the fourth quarter. Freedom Day Solutions LLC now owns 6,602 shares of the company’s stock valued at $1,814,000 after acquiring an additional 915 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Casey’s General Stores during the 4th quarter valued at $2,885,000. YHB Investment Advisors Inc. bought a new position in Casey’s General Stores in the 4th quarter worth $214,000. Finally, Cerity Partners LLC purchased a new stake in shares of Casey’s General Stores in the 4th quarter worth about $241,000. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CASY shares. 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. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Evercore ISI dropped their price target on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday. Benchmark reiterated a “buy” rating and issued a $312.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 6th. Finally, BMO Capital Markets boosted their target price on shares of Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $310.41 on Friday. The company has a market capitalization of $11.49 billion, a PE ratio of 24.67, a PEG ratio of 2.48 and a beta of 0.83. The business has a fifty day moving average price of $304.85 and a 200-day moving average price of $286.05. Casey’s General Stores, Inc. has a 1-year low of $212.50 and a 1-year high of $324.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the company earned $2.36 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.43 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.55%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

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.