Vontobel Holding Ltd. Has $1.74 Million Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Vontobel Holding Ltd. lowered its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,316 shares of the company’s stock after selling 52 shares during the period. Vontobel Holding Ltd.’s holdings in Casey’s General Stores were worth $1,735,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in shares of Casey’s General Stores in the 4th quarter valued at $29,000. Money Concepts Capital Corp grew its holdings in Casey’s General Stores by 62.7% in the fourth quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares during the period. Sunbelt Securities Inc. increased its stake in Casey’s General Stores by 46.6% in the second quarter. Sunbelt Securities Inc. now owns 129 shares of the company’s stock valued at $31,000 after purchasing an additional 41 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Casey’s General Stores during the fourth quarter valued at about $36,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Casey’s General Stores during the 3rd quarter worth about $38,000. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CASY. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Wells Fargo & Company upped their target price on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Evercore ISI cut their target price on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday. Benchmark restated a “buy” rating and set a $312.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Finally, BMO Capital Markets lifted their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $312.63.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $310.41 on Friday. Casey’s General Stores, Inc. has a one year low of $212.50 and a one year high of $324.40. The company has a market cap of $11.49 billion, a P/E ratio of 24.67, a P/E/G ratio of 2.48 and a beta of 0.83. The firm has a 50-day moving average of $304.85 and a 200-day moving average of $286.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $2.36 EPS. Equities research analysts forecast that Casey’s General Stores, Inc. will post 12.81 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 Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.55%. Casey’s General Stores’s dividend payout ratio is currently 13.67%.

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.