Casey's General Stores, Inc. $CASY Shares Sold by Olistico Wealth LLC

Key Points

• Olistico Wealth LLC reduced its stake in Casey's General Stores by 25.6%, now owning 1,613 shares worth $823,000 after selling 555 shares in Q2.
• Casey’s General Stores reported $5.77 EPS for its latest quarter, exceeding estimates, with a revenue of $4.57 billion, an 11.5% increase year-over-year.
• The company is declaring a quarterly dividend of $0.57 per share, with an upcoming payment date set for November 14th, reflecting a dividend yield of 0.4%.

Olistico Wealth LLC cut its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 25.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,613 shares of the company's stock after selling 555 shares during the period. Olistico Wealth LLC's holdings in Casey's General Stores were worth $823,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Accel Wealth Management raised its position in Casey's General Stores by 8.9% during the second quarter. Accel Wealth Management now owns 840 shares of the company's stock worth $429,000 after acquiring an additional 69 shares during the period. Checchi Capital Advisers LLC acquired a new position in Casey's General Stores during the second quarter worth $202,000. Penobscot Investment Management Company Inc. acquired a new position in Casey's General Stores in the 2nd quarter valued at $1,741,000. LGT Fund Management Co Ltd. raised its stake in Casey's General Stores by 28.6% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 4,500 shares of the company's stock valued at $2,296,000 after purchasing an additional 1,000 shares during the last quarter. Finally, 111 Capital raised its stake in Casey's General Stores by 198.1% in the 2nd quarter. 111 Capital now owns 2,832 shares of the company's stock valued at $1,445,000 after purchasing an additional 1,882 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Stock Performance

Shares of CASY opened at $567.48 on Friday. The stock has a 50-day simple moving average of $526.40 and a 200-day simple moving average of $488.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The stock has a market capitalization of $21.10 billion, a PE ratio of 36.42 and a beta of 0.68. Casey's General Stores, Inc. has a 1 year low of $366.00 and a 1 year high of $571.57.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.47 billion. Casey's General Stores had a return on equity of 16.73% and a net margin of 3.54%.The business's quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.83 EPS. On average, analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey's General Stores's dividend payout ratio (DPR) is 14.63%.

Insider Buying and Selling at Casey's General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of the firm's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the sale, the insider owned 7,993 shares of the company's stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Jefferies Financial Group increased their price objective on Casey's General Stores from $575.00 to $600.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Stephens reissued an "overweight" rating and issued a $530.00 price objective on shares of Casey's General Stores in a research note on Tuesday, September 9th. The Goldman Sachs Group increased their price objective on Casey's General Stores from $450.00 to $490.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Finally, KeyCorp increased their price objective on Casey's General Stores from $550.00 to $575.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus price target of $529.10.

Casey's General Stores 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.

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