Midwest Trust Co Has $20.15 Million Position in Casey’s General Stores, Inc. $CASY

Midwest Trust Co lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 27,683 shares of the company’s stock after selling 646 shares during the period. Midwest Trust Co owned 0.07% of Casey’s General Stores worth $20,149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its position in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares in the last quarter. True Wealth Design LLC grew its holdings in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at about $33,000. ORG Partners LLC increased its position in Casey’s General Stores by 47.6% in the 4th 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 worth about $35,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CASY. Evercore reiterated an “outperform” rating and set a $990.00 target price on shares of Casey’s General Stores in a research report on Friday, June 12th. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Stephens set a $975.00 price objective on Casey’s General Stores and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, BNP Paribas Exane decreased their price objective on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $939.29.

Insider Activity

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the completion of the sale, the chief executive officer owned 89,174 shares in the company, valued at approximately $71,469,394.04. The trade was a 17.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider directly owned 6,668 shares in the company, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,243 shares of company stock worth $24,421,877. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores News Roundup

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Jim Cramer said he would “buy 10 shares” of Casey’s General Stores every three weeks, which may reinforce a constructive long-term view among retail investors. Jim Cramer Suggests Buying 10 Casey’s Shares Every Three Weeks
• Positive Sentiment: Casey’s recently boosted its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash flow and shareholder returns.
• Positive Sentiment: The company’s latest earnings beat expectations, with revenue and EPS both coming in above estimates, which continues to support the stock’s longer-term strength.
• Neutral Sentiment: Short-interest data showed 0 reported shares, so there is no meaningful bearish short positioning signal in the latest update.
• Negative Sentiment: CEO Darren Rebelez sold 19,000 shares, a sizable reduction in his holdings, which can weigh on sentiment even if the sale was preplanned or personal. SEC Filing
• Negative Sentiment: CFO Stephen P. Bramlage, Jr. also sold 5,700 shares, adding to the impression that insiders are taking profits after the stock’s recent rally. SEC Filing

Casey’s General Stores Trading Down 0.3%

Casey’s General Stores stock traded down $2.17 during trading hours on Friday, reaching $819.83. 272,113 shares of the company’s stock traded hands, compared to its average volume of 558,474. The firm has a market capitalization of $30.34 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 2.46 and a beta of 0.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. The firm’s 50 day moving average is $823.60 and its 200-day moving average is $722.17.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. Casey’s General Stores’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.63 EPS. On average, analysts predict that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current year.

Casey’s General Stores Increases Dividend

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

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.