Fieldview Capital Management LLC Sells 5,575 Shares of Casey’s General Stores, Inc. $CASY

Fieldview Capital Management LLC cut its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 79.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,451 shares of the company’s stock after selling 5,575 shares during the period. Fieldview Capital Management LLC’s holdings in Casey’s General Stores were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CASY. Foster Dykema Cabot & Partners LLC bought a new position in shares of Casey’s General Stores in the third quarter valued at approximately $25,000. Central Pacific Bank Trust Division grew its holdings in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Casey’s General Stores by 47.6% in the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after acquiring an additional 20 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Casey’s General Stores in the third quarter valued at approximately $35,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $872.39 on Tuesday. The stock has a fifty day simple moving average of $803.81 and a two-hundred day simple moving average of $688.97. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year high of $927.85. The firm has a market cap of $32.24 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 2.93 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the company earned $2.63 earnings per share. Casey’s General Stores’s revenue was up 14.5% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores, Inc. will post 20.51 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is 11.90%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CASY shares. William Blair started coverage on Casey’s General Stores in a report on Wednesday, May 20th. They issued an “outperform” rating for the company. Stephens set a $975.00 target price on Casey’s General Stores and gave the company an “overweight” rating in a report on Friday. Royal Bank Of Canada increased their price objective on Casey’s General Stores from $792.00 to $794.00 and gave the company a “sector perform” rating in a report on Wednesday, June 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $695.00 price objective on shares of Casey’s General Stores in a report on Wednesday, June 10th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $925.25.

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.