Fifth Third Wealth Advisors 13F: Adds $815K to CASY Stake
Key Points
- Fifth Third Wealth Advisors grew its position in Casey's General Stores, Inc. by 57.98%, ending with 3,651 shares worth about $2,221,487.
- Casey's General Stores, Inc. recently traded around $713.65, sitting below its 200-day moving average and well off its 52-week high of $927.85.
- Wall Street analysts maintain a consensus buy rating on the stock with a mean price target of $788.68 ahead of the December 8, 2026 earnings report.
Since the filing, $CASY is down 1.3% to date (from the $713.65 close on Oct 22, 2026).
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Fifth Third Wealth Advisors raised its stake in Casey's General Stores, Inc. ticker CASY by 57.98% during the period. According to a Form 13F filing with the SEC on October 22, 2026, the firm acquired an additional 1,340 shares. That brought its total holdings to 3,651 shares, valued at roughly $2,221,487. Casey's closed at $713.65 on the date of the filing.
CASY
Casey's General Stores, Inc.
Fifth Third Wealth Advisors vs. the S&P 500
Hypothetical returns from Fifth Third Wealth Advisors's disclosed trades, not real profit or advice. How we model this.
What Changed in Fifth Third Wealth Advisors's Casey's General Stores, Inc. Position
The fund increased its investment from 2,311 shares to 3,651 shares over the quarter. This 57.98% jump added 1,340 shares to the portfolio, reflecting a growing stake in the convenience store chain valued at over $2.2 million.
Other Institutional Activity in Casey's General Stores, Inc.
Other large investors also adjusted their positions in the convenience store operator. Lido Advisors grew its holdings by 535 shares, ending with 9,748 shares worth about $8,937,648. Midwest Trust expanded its investment by 6,336 shares, or 23.51%, to hold 33,281 shares total worth $20,250,163. Intech Investment Management reduced its stake by 1,150 shares, ending with 17,650 shares valued at about $13,564,113. Dz Bank Ag Deutsche Zentral Genossenschafts Bank boosted its holdings by 387,353 shares, or 86.6%, to reach 834,437 shares worth $583,488,424. Franklin Resources, Inc. cut its position by 177,244 shares, leaving it with 773,636 shares valued at $540,972,716.
Casey's General Stores, Inc. Stock Up 2.7%
Shares recently traded around $713.65 as of October 24, 2026, roughly matching the price seen on the filing date. The stock trades above its 50-day moving average of $691.87, but sits below its 200-day moving average of $739.32. The shares rest 23.1% below their 52-week high of $927.85 and 43.5% above their 52-week low of $497.38.
Recent Earnings
Casey's posted trailing twelve-month revenue of $18.67 billion and earnings of $20.76 per share. The company generated a net profit margin of 4.1% and a return on equity of 20.0%. The firm's next earnings report is scheduled for December 8, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 30.0%. Revenue beat estimates by 4.2%.
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Profit surprise
EBITDA missed by 24 percent. Operating income missed by 37 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
8 target raises.
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Earnings quality
Gross margin up 2.8 points. Operating margin down 1.3 points. Positive free cash flow.
Earnings Call Summary
Casey's delivered a strong second quarter with revenue of $4.57 billion, up 14 percent year over year, driven by inside sales growth and fuel gallons. The company gained market share in fuel despite a regional decline of 2 percent, benefiting from strong prepared food sales, particularly whole pies and breakfast items. Inside margins improved 20 basis points to 42.4 percent, with prepared food margins of 58.6 percent. Management credited consistent execution, a strong guest value proposition, and improved cost management including lower cheese costs. Traffic increased 1.5 percent, and the company is on track with Cefco integration, planning store conversions to start in the new calendar year.
Guidance Casey's raised its full-year EBITDA growth outlook to 15 to 17 percent, up from prior expectations. Inside same-store sales are now guided to grow 3 to 4 percent, with inside margins expected to be 41 to 42 percent. The company also expects the tax rate to be 24 to 25 percent.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
The firm pays an annual dividend rate of $2.60 per share, yielding 0.36% with a payout ratio of 11.4%.
Insider Buying and Selling at Casey's General Stores, Inc.
Chief Legal Officer Katrina Lindsey sold 3,299 shares on June 15, 2026, at $872.39 per share for a total value of $2,878,014. Mike Spanos bought 256 shares on June 26, 2026, at $778.81 per share worth $199,375. Lindsey later sold 2,000 shares on June 29, 2026, at $800.00 per share totaling $1,600,000, and disposed of 504 shares on June 30, 2026.
Analysts Set New Price Targets
On September 10, 2026, Raymond James upgraded the stock to an Outperform rating with a $750.00 price target. UBS maintained a Neutral rating with a $720.00 target, while Keybanc maintained an Overweight rating with a $780.00 target. Evercore ISI Group maintained an Outperform rating with a $775.00 target on September 11, 2026. RBC Capital upgraded the stock to Outperform with an $825.00 price target on October 15, 2026. Wall Street analysts maintain a consensus buy rating on the stock with a mean price target of $788.68.
About Casey's General Stores, Inc.
Based in Ankeny, Iowa, Casey's General Stores, Inc. operates a large chain of convenience stores across the United States. The company provides a wide selection of food items including fresh pizza, donuts, hot breakfast items, and sandwiches, alongside beverages, tobacco, and nicotine products. The company employs over 23,000 people.
Bottom Line
Institutional interest in Casey's remains active as the company navigates trading below its 200-day moving average. Investors will look toward the upcoming earnings release on December 8, 2026 for further insight into profitability and sales growth.
Related Filing Alerts
Source: Fifth Third Wealth Advisors's 13F filing on $CASY (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts