Copeland Capital Management LLC Cuts Stock Position in Casey's General Stores, Inc. $CASY

Key Points

• Copeland Capital reduced its stake in Casey's by 13.6% in Q4, selling 11,747 shares and retaining 74,457 shares (about 0.20% of the company, valued at ~$41.15M).
• Casey's reported an EPS beat of $3.49 versus $2.94 consensus while revenue of $3.92B slightly missed estimates; the stock trades near its 12‑month high (~$790) with a market cap of $29.2B and a P/E of 45.3.
• Institutional investors own 85.63% of the company and several large funds raised positions; analysts hold a "Moderate Buy" consensus with an average target of $722.36, and Casey's pays a $0.57 quarterly dividend (yield ~0.3%, ex‑div May 1).

Copeland Capital Management LLC lowered its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,457 shares of the company's stock after selling 11,747 shares during the period. Copeland Capital Management LLC owned approximately 0.20% of Casey's General Stores worth $41,154,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Victory Capital Management Inc. grew its position in Casey's General Stores by 35.4% during the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company's stock worth $447,403,000 after purchasing an additional 206,777 shares during the last quarter. Franklin Resources Inc. grew its position in Casey's General Stores by 7.0% during the 3rd quarter. Franklin Resources Inc. now owns 758,212 shares of the company's stock worth $428,632,000 after purchasing an additional 49,319 shares during the last quarter. Invesco Ltd. grew its position in Casey's General Stores by 5.0% during the 3rd quarter. Invesco Ltd. now owns 507,998 shares of the company's stock worth $287,182,000 after purchasing an additional 24,091 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Casey's General Stores by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 447,265 shares of the company's stock worth $252,832,000 after purchasing an additional 8,781 shares during the last quarter. Finally, Capital World Investors grew its position in Casey's General Stores by 1.8% during the 3rd quarter. Capital World Investors now owns 418,870 shares of the company's stock worth $236,796,000 after purchasing an additional 7,428 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Up 0.9%

CASY stock opened at $789.82 on Friday. The firm's fifty day simple moving average is $704.66 and its 200-day simple moving average is $618.52. The company has a market capitalization of $29.19 billion, a P/E ratio of 45.34, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. Casey's General Stores, Inc. has a 12 month low of $430.00 and a 12 month high of $798.46.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $2.33 EPS. The business's revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts forecast that Casey's General Stores, Inc. will post 18.1 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey's General Stores's payout ratio is currently 13.09%.

Insider Buying and Selling at Casey's General Stores

In related news, insider Katrina S. Lindsey sold 200 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mike Spanos bought 300 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the purchase, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CASY. Northcoast Research downgraded shares of Casey's General Stores from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 21st. The Goldman Sachs Group boosted their target price on shares of Casey's General Stores from $530.00 to $605.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 11th. Zacks Research downgraded shares of Casey's General Stores from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 23rd. UBS Group boosted their target price on shares of Casey's General Stores from $600.00 to $706.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey's General Stores in a research report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average price target of $722.36.

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.

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