Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp reduced its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTAGet Rating) by 28.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,436 shares of the company’s stock after selling 1,346 shares during the quarter. Dupont Capital Management Corp’s holdings in Ingles Markets were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in Ingles Markets by 20.5% during the first quarter. Renaissance Technologies LLC now owns 252,858 shares of the company’s stock valued at $22,517,000 after acquiring an additional 43,074 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Ingles Markets by 12.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 340,845 shares of the company’s stock valued at $29,568,000 after acquiring an additional 36,742 shares during the period. Hsbc Holdings PLC grew its position in Ingles Markets by 1,318.4% during the first quarter. Hsbc Holdings PLC now owns 34,765 shares of the company’s stock valued at $3,087,000 after acquiring an additional 32,314 shares during the period. Invesco Ltd. boosted its position in shares of Ingles Markets by 25.0% in the first quarter. Invesco Ltd. now owns 154,373 shares of the company’s stock worth $13,748,000 after buying an additional 30,835 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Ingles Markets by 952.9% in the second quarter. Teacher Retirement System of Texas now owns 30,925 shares of the company’s stock worth $2,683,000 after buying an additional 27,988 shares during the period. 62.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Sharp Laura Ingle sold 2,000 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $100.71, for a total value of $201,420.00. Following the transaction, the director now owns 3,500 shares in the company, valued at $352,485. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 31.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Ingles Markets in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $97.37 on Tuesday. Ingles Markets, Incorporated has a 1-year low of $74.63 and a 1-year high of $102.99. The business has a 50-day moving average of $97.47 and a 200-day moving average of $92.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.51 and a quick ratio of 1.14. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 6.79 and a beta of 0.65.

Ingles Markets (NASDAQ:IMKTAGet Rating) last released its quarterly earnings results on Wednesday, November 23rd. The company reported $3.69 EPS for the quarter. Ingles Markets had a return on equity of 23.63% and a net margin of 4.80%. The business had revenue of $1.45 billion for the quarter.

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Friday, January 6th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, January 5th. Ingles Markets’s dividend payout ratio (DPR) is 4.60%.

Ingles Markets Company Profile

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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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