Thrivent Financial for Lutherans Has $94.58 Million Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Thrivent Financial for Lutherans increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,736 shares of the company’s stock after purchasing an additional 33,376 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.68% of Casey’s General Stores worth $94,581,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its holdings in shares of Casey’s General Stores by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after buying an additional 10,841 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Casey’s General Stores by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after acquiring an additional 14,750 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Casey’s General Stores by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock valued at $174,771,000 after acquiring an additional 77,515 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Casey’s General Stores in the 3rd quarter valued at about $959,880,000. Finally, Raymond James & Associates increased its stake in shares of Casey’s General Stores by 2.9% during the 3rd quarter. Raymond James & Associates now owns 219,462 shares of the company’s stock worth $82,454,000 after purchasing an additional 6,170 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a report on Tuesday, September 10th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. JPMorgan Chase & Co. cut Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price target for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Gordon Haskett started coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $401.40 on Monday. The stock has a market cap of $14.90 billion, a PE ratio of 29.21 and a beta of 0.79. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $420.27. The business’s 50-day moving average price is $386.44 and its two-hundred day moving average price is $369.86.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the company earned $4.52 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts expect that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey’s General Stores’s dividend payout ratio is currently 14.56%.

Insider Activity

In related news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos bought 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. The trade was a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Profile

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.