Bank of New York Mellon Corp Has $10.59 Million Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Bank of New York Mellon Corp increased its position in Ingles Markets, Incorporated (NASDAQ:IMKTAFree Report) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,159 shares of the company’s stock after buying an additional 1,134 shares during the quarter. Bank of New York Mellon Corp owned 0.67% of Ingles Markets worth $10,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ingles Markets by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,212,017 shares of the company’s stock valued at $96,004,000 after buying an additional 15,239 shares during the period. Dimensional Fund Advisors LP increased its position in Ingles Markets by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,209,080 shares of the company’s stock valued at $107,244,000 after purchasing an additional 11,903 shares during the period. BlackRock Inc. increased its position in Ingles Markets by 3.8% during the 1st quarter. BlackRock Inc. now owns 1,101,696 shares of the company’s stock valued at $97,720,000 after purchasing an additional 39,930 shares during the period. River Road Asset Management LLC increased its position in Ingles Markets by 3.5% during the 2nd quarter. River Road Asset Management LLC now owns 808,441 shares of the company’s stock valued at $66,818,000 after purchasing an additional 27,369 shares during the period. Finally, State Street Corp increased its position in Ingles Markets by 11.1% during the 1st quarter. State Street Corp now owns 374,095 shares of the company’s stock valued at $33,182,000 after purchasing an additional 37,266 shares during the period. Institutional investors and hedge funds own 62.58% of the company’s stock.

Ingles Markets Price Performance

Ingles Markets stock opened at $80.86 on Friday. Ingles Markets, Incorporated has a 52-week low of $73.38 and a 52-week high of $102.99. The stock’s 50 day moving average price is $78.24 and its two-hundred day moving average price is $81.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 2.86. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 6.66 and a beta of 0.66.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 12th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, October 11th. Ingles Markets’s dividend payout ratio is currently 5.50%.

Insider Buying and Selling

In related news, Director Sharp Laura Ingle sold 8,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $75.00, for a total value of $600,000.00. Following the transaction, the director now directly owns 67,700 shares in the company, valued at approximately $5,077,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 24,298 shares of company stock worth $1,835,156 in the last ninety days. Corporate insiders own 31.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 11th.

Check Out Our Latest Report on IMKTA

Ingles Markets Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ingles Markets (NASDAQ:IMKTA)

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