Northwestern Mutual Wealth Management Co. Sells 692 Shares of Casey’s General Stores, Inc. $CASY

Northwestern Mutual Wealth Management Co. trimmed its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 40.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,018 shares of the company’s stock after selling 692 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Casey’s General Stores were worth $809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiduciary Financial Advisors bought a new stake in Casey’s General Stores in the 2nd quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in shares of Casey’s General Stores in the first quarter valued at about $33,000. Bell Investment Advisors Inc acquired a new stake in shares of Casey’s General Stores during the 2nd quarter worth about $33,000. Caitlin John LLC bought a new stake in shares of Casey’s General Stores during the 2nd quarter worth about $35,000. Finally, Larson Financial Group LLC grew its stake in Casey’s General Stores by 252.4% in the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock valued at $41,000 after buying an additional 53 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CASY. Royal Bank Of Canada reiterated a “sector perform” rating and set a $913.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, July 29th. Morgan Stanley raised Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a report on Monday, July 13th. Stephens set a $975.00 price target on shares of Casey’s General Stores and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, 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 13th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $928.53.

Casey’s General Stores Stock Down 0.3%

NASDAQ:CASY opened at $756.09 on Friday. Casey’s General Stores, Inc. has a one year low of $497.38 and a one year high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The company has a market cap of $27.98 billion, a PE ratio of 39.46, a P/E/G ratio of 2.59 and a beta of 0.59. The firm’s 50 day simple moving average is $827.10 and its 200 day simple moving average is $784.78.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $1.06. The firm 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%. The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 EPS. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 21.13 earnings per share for the current year.

Insiders Place Their Bets

In other Casey’s General Stores news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total value of $4,777,512.00. Following the sale, the chief financial officer owned 29,677 shares in the company, valued at approximately $24,874,074.32. The trade was a 16.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chad Frazell sold 3,013 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the sale, the insider directly owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. The trade was a 23.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 over the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

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.