American Century Companies Inc. Increases Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

American Century Companies Inc. lifted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 9.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 219,440 shares of the company’s stock after purchasing an additional 19,451 shares during the period. American Century Companies Inc. owned about 1.16% of Ingles Markets worth $19,464,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of IMKTA. Fifth Third Bancorp acquired a new position in Ingles Markets during the 1st quarter valued at approximately $32,000. Ensign Peak Advisors Inc acquired a new stake in shares of Ingles Markets in the third quarter worth $35,000. WealthPLAN Partners LLC acquired a new stake in shares of Ingles Markets in the first quarter worth $36,000. Penserra Capital Management LLC acquired a new stake in shares of Ingles Markets in the first quarter worth $45,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Ingles Markets by 54.9% in the fourth quarter. Quadrant Capital Group LLC now owns 632 shares of the company’s stock worth $61,000 after acquiring an additional 224 shares during the period. Hedge funds and other institutional investors own 62.58% of the company’s stock.

Ingles Markets Stock Performance

Shares of NASDAQ IMKTA opened at $78.13 on Friday. The company’s fifty day moving average price is $82.88 and its 200 day moving average price is $86.30. Ingles Markets, Incorporated has a 1 year low of $77.37 and a 1 year high of $102.99. The company has a market capitalization of $1.48 billion, a PE ratio of 6.51 and a beta of 0.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 2.86.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $2.54 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 3.96% and a return on equity of 17.07%. The firm had revenue of $1.43 billion for the quarter.

Ingles Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Shareholders of record on Thursday, July 6th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, July 5th. Ingles Markets’s payout ratio is 5.50%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Insider Buying and Selling at Ingles Markets

In other Ingles Markets news, Director Sharp Laura Ingle sold 1,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $83.00, for a total transaction of $83,000.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $83,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 31.90% of the company’s stock.

Ingles Markets Profile

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.