Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 57.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,671 shares of the company’s stock after selling 41,681 shares during the period. Two Sigma Investments LP owned approximately 0.16% of Ingles Markets worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IMKTA. Vanguard Group Inc. increased its holdings in Ingles Markets by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company’s stock valued at $79,564,000 after buying an additional 7,541 shares during the last quarter. River Road Asset Management LLC increased its holdings in Ingles Markets by 0.6% in the fourth quarter. River Road Asset Management LLC now owns 976,424 shares of the company’s stock valued at $62,921,000 after buying an additional 5,398 shares during the last quarter. Brandes Investment Partners LP increased its holdings in Ingles Markets by 42.4% in the fourth quarter. Brandes Investment Partners LP now owns 533,982 shares of the company’s stock valued at $34,410,000 after buying an additional 159,097 shares during the last quarter. American Century Companies Inc. increased its holdings in Ingles Markets by 11.2% in the fourth quarter. American Century Companies Inc. now owns 475,894 shares of the company’s stock valued at $30,667,000 after buying an additional 47,859 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ingles Markets by 11.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company’s stock valued at $29,227,000 after buying an additional 48,000 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

NASDAQ IMKTA opened at $62.79 on Monday. 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 52-week low of $58.92 and a 52-week high of $82.01. The business’s 50-day moving average price is $62.54 and its 200 day moving average price is $64.69. The firm has a market cap of $1.19 billion, a P/E ratio of 15.17 and a beta of 0.73.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.80 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were given a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%. Ingles Markets’s payout ratio is currently 20.25%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Ingles Markets from a “hold” rating to a “buy” rating in a report on Tuesday, May 6th.

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.