Swiss National Bank Has $20.17 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Posted by on May 13th, 2023

Swiss National Bank lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,887 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Swiss National Bank owned 0.24% of Casey’s General Stores worth $20,166,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CASY. Russell Investments Group Ltd. lifted its stake in shares of Casey’s General Stores by 28.0% in the fourth quarter. Russell Investments Group Ltd. now owns 82,716 shares of the company’s stock worth $18,632,000 after acquiring an additional 18,085 shares during the period. Arizona State Retirement System increased its position in shares of Casey’s General Stores by 4.2% during the fourth quarter. Arizona State Retirement System now owns 10,511 shares of the company’s stock worth $2,358,000 after buying an additional 426 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth $460,000. State Board of Administration of Florida Retirement System raised its stake in Casey’s General Stores by 0.6% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 40,164 shares of the company’s stock worth $9,011,000 after buying an additional 250 shares during the last quarter. Finally, TrinityPoint Wealth LLC lifted its holdings in Casey’s General Stores by 5.8% in the fourth quarter. TrinityPoint Wealth LLC now owns 2,746 shares of the company’s stock valued at $616,000 after buying an additional 150 shares during the period. Institutional investors own 84.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CASY. Stephens reissued an “overweight” rating and issued a $280.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 8th. Royal Bank of Canada increased their price target on Casey’s General Stores from $268.00 to $273.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 8th. Benchmark reiterated a “buy” rating and issued a $275.00 price objective on shares of Casey’s General Stores in a research note on Thursday, March 9th. Credit Suisse Group reissued a “neutral” rating and set a $254.00 target price on shares of Casey’s General Stores in a research note on Thursday, March 9th. Finally, StockNews.com raised shares of Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $260.50.

Casey’s General Stores Stock Performance

Shares of CASY opened at $236.06 on Friday. The firm has a market capitalization of $8.80 billion, a P/E ratio of 19.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.66 and a current ratio of 1.10. Casey’s General Stores, Inc. has a 52 week low of $181.40 and a 52 week high of $249.90. The stock has a 50 day moving average price of $220.41 and a two-hundred day moving average price of $225.99.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last issued its quarterly earnings data on Wednesday, March 8th. The company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.53. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Casey’s General Stores had a return on equity of 18.02% and a net margin of 2.96%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $1.71 EPS. Equities analysts forecast that Casey’s General Stores, Inc. will post 11.66 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be paid a $0.38 dividend. The ex-dividend date is Friday, April 28th. This represents a $1.52 annualized dividend and a yield of 0.64%. Casey’s General Stores’s dividend payout ratio (DPR) is 12.64%.

Casey’s General Stores Profile

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Casey’s General Stores, Inc engages in the 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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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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