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

From the Filing

0001104659-24-020544.txt : 20240213 0001104659-24-020544.hdr.sgml : 20240213 20240213170103 ACCESSION NUMBER: 0001104659-24-020544 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CASEYS GENERAL STORES INC CENTRAL INDEX KEY: 0000726958 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 420935283 STATE OF INCORPORATION: IA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-35096 FILM NUMBER: 24627751 BUSINESS ADDRESS: STREET 1: PO BOX 3001 CITY: ANKENY STATE: IA ZIP: 50021 BUSINESS PHONE: 515-965-6100 MAIL ADDRESS: STREET 1: PO BOX 3001 CITY: ANKENY STATE: IA ZIP: 50021 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0547-caseysgeneralstoresin.htm SCHEDULE 13G/A caseysgeneralstoresinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 15)* Name of issuer:  Casey's General Stores Inc Title of Class of Securities:  Common Stock CUSIP Number:  147528103 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  147528103 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 13,374 7.  SOLE DISPOSITIVE POWER 3,780,900 8.  SHARED DISPOSITIVE POWER 48,619 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,829,519 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.32% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Casey's General Stores Inc Item 1(b) - Address of Issuer's Principal Executive Offices: One SE Convenience Boulevard Ankeny, IA 50021-9672 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 147528103 Item