Financial Advocates Investment Management Has $676,000 Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Financial Advocates Investment Management boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,799 shares of the company’s stock after purchasing an additional 42 shares during the quarter. Financial Advocates Investment Management’s holdings in Casey’s General Stores were worth $676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WD Rutherford LLC grew its holdings in shares of Casey’s General Stores by 1.3% during the third quarter. WD Rutherford LLC now owns 8,195 shares of the company’s stock valued at $3,079,000 after buying an additional 105 shares during the last quarter. Integrated Advisors Network LLC bought a new position in Casey’s General Stores in the 3rd quarter valued at about $283,000. abrdn plc acquired a new position in Casey’s General Stores during the 3rd quarter valued at about $30,538,000. J.W. Cole Advisors Inc. bought a new stake in Casey’s General Stores during the 3rd quarter worth approximately $201,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Casey’s General Stores by 2.2% in the third quarter. State of Alaska Department of Revenue now owns 13,461 shares of the company’s stock worth $5,056,000 after purchasing an additional 290 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey’s General Stores Trading Down 0.2 %

Shares of Casey’s General Stores stock opened at $393.19 on Friday. The stock has a market capitalization of $14.60 billion, a P/E ratio of 28.62 and a beta of 0.80. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $401.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock’s 50-day simple moving average is $378.56 and its 200 day simple moving average is $362.82.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the company posted $4.52 EPS. Casey’s General Stores’s revenue was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CASY. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Wells Fargo & Company increased their target price on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Thursday, July 11th. Benchmark reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and lifted their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $408.09.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.