Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,180 shares of the company’s stock after selling 300 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Ingles Markets worth $978,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Ingles Markets by 346.2% in the third quarter. Barclays PLC now owns 23,689 shares of the company’s stock valued at $1,768,000 after purchasing an additional 18,380 shares during the period. Franklin Resources Inc. boosted its stake in shares of Ingles Markets by 5.8% in the third quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock valued at $517,000 after buying an additional 378 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Ingles Markets by 49.7% in the third quarter. JPMorgan Chase & Co. now owns 54,652 shares of the company’s stock valued at $4,077,000 after purchasing an additional 18,141 shares during the period. Jane Street Group LLC raised its holdings in Ingles Markets by 29.4% during the third quarter. Jane Street Group LLC now owns 18,041 shares of the company’s stock worth $1,346,000 after purchasing an additional 4,101 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Ingles Markets by 3.7% in the third quarter. Geode Capital Management LLC now owns 399,190 shares of the company’s stock valued at $29,785,000 after purchasing an additional 14,264 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Ingles Markets Stock Performance

NASDAQ IMKTA opened at $62.09 on Friday. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01. The business has a fifty day moving average of $63.04 and a 200-day moving average of $65.32. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 15.00 and a beta of 0.75.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.06%. Ingles Markets’s payout ratio is currently 15.94%.

About Ingles Markets

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.