Vontobel Holding Ltd. Sells 98,269 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Vontobel Holding Ltd. lowered its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 418,346 shares of the company's stock after selling 98,269 shares during the period. Vontobel Holding Ltd. owned approximately 1.13% of Casey's General Stores worth $165,761,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in Casey's General Stores in the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey's General Stores during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Casey's General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock worth $47,000 after acquiring an additional 113 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Casey's General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Institutional investors own 85.63% of the company's stock.

Insider Buying and Selling

In related news, Director Mike Spanos bought 500 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a research note on Tuesday, December 10th. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Finally, StockNews.com raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $424.00.

Casey's General Stores Trading Down 1.5 %

Shares of CASY traded down $6.40 during trading hours on Tuesday, hitting $425.77. 324,323 shares of the stock were exchanged, compared to its average volume of 265,272. Casey's General Stores, Inc. has a fifty-two week low of $286.46 and a fifty-two week high of $445.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The business has a 50-day moving average of $410.65 and a 200-day moving average of $396.07. The firm has a market capitalization of $15.80 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. During the same period in the prior year, the company posted $4.24 earnings per share. Casey's General Stores's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, February 3rd. Casey's General Stores's dividend payout ratio is presently 13.94%.

Casey's General Stores Company Profile

Casey's General Stores, Inc engages in the provision of 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.