Trueblood Wealth Management LLC Purchases 91 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Trueblood Wealth Management LLC boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,515 shares of the company’s stock after buying an additional 91 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Casey’s General Stores were worth $569,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Freedom Day Solutions LLC increased its position in Casey’s General Stores by 0.7% in the 3rd quarter. Freedom Day Solutions LLC now owns 6,855 shares of the company’s stock valued at $2,575,000 after acquiring an additional 51 shares during the period. CENTRAL TRUST Co grew its stake in shares of Casey’s General Stores by 250.1% in the third quarter. CENTRAL TRUST Co now owns 1,663 shares of the company’s stock worth $625,000 after purchasing an additional 1,188 shares during the last quarter. YHB Investment Advisors Inc. increased its holdings in Casey’s General Stores by 7.6% in the third quarter. YHB Investment Advisors Inc. now owns 1,756 shares of the company’s stock valued at $660,000 after purchasing an additional 124 shares during the period. International Assets Investment Management LLC bought a new position in Casey’s General Stores during the 3rd quarter worth $959,880,000. Finally, Private Advisor Group LLC raised its position in Casey’s General Stores by 1.1% during the 3rd quarter. Private Advisor Group LLC now owns 3,645 shares of the company’s stock worth $1,370,000 after purchasing an additional 41 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $391.13 on Friday. Casey’s General Stores, Inc. has a one year low of $266.55 and a one year high of $401.07. The company has a market cap of $14.52 billion, a PE ratio of 29.12 and a beta of 0.80. The stock has a 50-day moving average of $376.38 and a 200-day moving average of $359.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data 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 return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the firm posted $4.52 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey’s General Stores’s payout ratio is 14.89%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Evercore ISI raised their price target on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. 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 research report on Thursday, July 11th. Benchmark reiterated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company boosted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.