Ingles Markets, Incorporated $IMKTA Shares Purchased by Creative Planning

Creative Planning grew its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 125.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,608 shares of the company’s stock after purchasing an additional 7,564 shares during the period. Creative Planning owned approximately 0.07% of Ingles Markets worth $862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IMKTA. SG Americas Securities LLC raised its holdings in shares of Ingles Markets by 157.4% in the 2nd quarter. SG Americas Securities LLC now owns 15,924 shares of the company’s stock valued at $1,009,000 after buying an additional 9,738 shares during the period. Police & Firemen s Retirement System of New Jersey grew its position in Ingles Markets by 7.4% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 3,135 shares of the company’s stock valued at $199,000 after acquiring an additional 215 shares in the last quarter. Geode Capital Management LLC grew its position in Ingles Markets by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 427,194 shares of the company’s stock valued at $27,077,000 after acquiring an additional 14,424 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Ingles Markets by 91.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,976 shares of the company’s stock worth $2,787,000 after purchasing an additional 21,021 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of Ingles Markets by 192.6% during the second quarter. First Horizon Advisors Inc. now owns 632 shares of the company’s stock worth $40,000 after purchasing an additional 416 shares in the last quarter. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IMKTA has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Ingles Markets in a report on Tuesday, November 25th. Wall Street Zen raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Ingles Markets Stock Down 2.4%

IMKTA stock opened at $75.07 on Tuesday. The company’s 50 day moving average price is $72.55 and its 200 day moving average price is $67.50. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.28 and a beta of 0.74. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $78.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Thursday, October 9th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, October 9th. Ingles Markets’s dividend payout ratio (DPR) is presently 15.00%.

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.