Vanguard Trims Casey's General Stores Stake to 16.4%

TL;DR

**Vanguard slightly cut its stake in Casey's General Stores to 16.4%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing for Casey's General Stores Inc. on February 13, 2024. This amendment, number 15, indicates that as of December 29, 2023, Vanguard holds 6,094,996 shares of Casey's Common Stock, representing 16.4% of the company's outstanding shares. This is a slight decrease from their previous reported ownership of 16.5% in their last filing on February 9, 2023, and matters to investors as it shows a minor reduction in a major institutional holder's stake, which could signal a shift in their investment strategy or portfolio rebalancing.

Why It Matters

A slight reduction in ownership by a major institutional investor like Vanguard could indicate a re-evaluation of Casey's stock, potentially influencing other investors' perceptions and decisions.

Risk Assessment

Risk Level: low — The change in ownership is minor and does not suggest any immediate significant risk to the company or its stock price.

Analyst Insight

Investors should note the slight reduction in Vanguard's stake, but recognize that 16.4% ownership still signifies strong institutional confidence. Monitor future filings for further changes in major institutional holdings to gauge sentiment shifts.

Key Numbers

• 6,094,996 — Shares Beneficially Owned (Represents the total number of Casey's General Stores Inc. common stock shares Vanguard holds.)
• 16.4% — Percentage of Class Owned (Indicates Vanguard's significant, though slightly reduced, influence over Casey's General Stores Inc.)
• 15 — Amendment Number (Shows this is the fifteenth update to Vanguard's initial Schedule 13G filing for Casey's General Stores Inc.)
• December 29, 2023 — Date of Event (The specific date that triggered the requirement for Vanguard to file this updated statement.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Casey's General Stores Inc. (company) — subject company whose shares are being reported
• 6,094,996 (dollar_amount) — number of shares beneficially owned by Vanguard
• 16.4% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will continue to be a significant institutional holder of Casey's General Stores Inc. stock. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0547-caseysgeneralstoresin.htm (SC 13G/A) — 11KB
• 0001104659-24-020544.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Casey's General Stores Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: One SE Convenience Boulevard Ankeny, IA 50021-9672

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 147528103

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR