American Century Companies Inc. Acquires 5,866 Shares of Casey’s General Stores, Inc. $CASY

American Century Companies Inc. lifted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,979 shares of the company’s stock after acquiring an additional 5,866 shares during the period. American Century Companies Inc. owned 0.39% of Casey’s General Stores worth $63,361,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc bought a new stake in Casey’s General Stores in the first quarter worth about $25,000. Global Financial Private Client LLC lifted its stake in Casey’s General Stores by 325.0% in the first quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after purchasing an additional 26 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in Casey’s General Stores by 160.0% in the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company’s stock worth $51,000 after purchasing an additional 72 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Casey’s General Stores in the first quarter worth about $59,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $506.20 on Tuesday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 34.58 and a beta of 0.69. The company’s 50 day moving average is $514.43 and its 200 day moving average is $461.35. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. Casey’s General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $531.24.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.69. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. Casey’s General Stores had a net margin of 3.43% and a return on equity of 16.28%. Casey’s General Stores’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $2.34 earnings per share. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, August 1st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.5%. Casey’s General Stores’s dividend payout ratio is 15.57%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total value of $1,012,140.00. Following the transaction, the insider directly owned 4,636 shares of the company’s stock, valued at approximately $2,346,140.52. The trade was a 30.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad Michael Frazell sold 4,808 shares of Casey’s General Stores stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $503.97, for a total transaction of $2,423,087.76. Following the completion of the transaction, the insider directly owned 11,480 shares in the company, valued at $5,785,575.60. This represents a 29.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,646 shares of company stock valued at $22,136,614 over the last quarter. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on CASY. Wells Fargo & Company raised their price objective on shares of Casey’s General Stores from $460.00 to $540.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Royal Bank Of Canada lifted their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. The Goldman Sachs Group lifted their price target on shares of Casey’s General Stores from $385.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, June 11th. Finally, BMO Capital Markets lifted their price target on shares of Casey’s General Stores from $450.00 to $515.00 and gave the company a “market perform” rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $467.33.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.