Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,034 shares of the company’s stock after selling 8,042 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ingles Markets were worth $2,640,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Ingles Markets by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,212,017 shares of the company’s stock valued at $96,004,000 after purchasing an additional 15,239 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ingles Markets by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,143,947 shares of the company’s stock valued at $101,870,000 after acquiring an additional 22,779 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of 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 acquiring an additional 39,930 shares in the last quarter. River Road Asset Management LLC lifted its holdings in shares of Ingles Markets by 1.6% during the 3rd quarter. River Road Asset Management LLC now owns 821,291 shares of the company’s stock valued at $61,868,000 after acquiring an additional 12,850 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Ingles Markets by 1.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 542,920 shares of the company’s stock valued at $40,898,000 after acquiring an additional 9,030 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IMKTA shares. StockNews.com lowered shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. TheStreet lowered shares of Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th.

Insiders Place Their Bets

In other news, Director Sharp Laura Ingle sold 2,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $76.00, for a total value of $152,000.00. Following the completion of the sale, the director now owns 24,700 shares of the company’s stock, valued at approximately $1,877,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 8,000 shares of company stock worth $607,000 in the last quarter. 23.10% of the stock is owned by corporate insiders.

Ingles Markets Stock Performance

Shares of IMKTA stock opened at $73.01 on Friday. Ingles Markets, Incorporated has a 12 month low of $72.77 and a 12 month high of $94.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.22 and a quick ratio of 1.45. The firm has a market capitalization of $1.39 billion, a P/E ratio of 7.51 and a beta of 0.60. The company’s fifty day moving average price is $76.44 and its two-hundred day moving average price is $80.21.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Thursday, February 8th. The company reported $2.28 EPS for the quarter. Ingles Markets had a net margin of 3.14% and a return on equity of 12.92%. The firm had revenue of $1.48 billion for the quarter.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 11th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. Ingles Markets’s dividend payout ratio is currently 6.79%.

Ingles Markets Company Profile

Ingles Markets, Incorporated, together with its subsidiaries, 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.