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

DekaBank Deutsche Girozentrale cut its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 20.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,034 shares of the company’s stock after selling 8,042 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.16% of Ingles Markets worth $2,640,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of IMKTA. Ensign Peak Advisors Inc acquired a new stake in shares of Ingles Markets during the 3rd quarter valued at about $35,000. Osaic Holdings Inc. grew its position in shares of Ingles Markets by 53.0% during the 2nd quarter. Osaic Holdings Inc. now owns 439 shares of the company’s stock valued at $36,000 after acquiring an additional 152 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Ingles Markets during the 1st quarter valued at about $45,000. Quantbot Technologies LP boosted its holdings in Ingles Markets by 717.0% in the 1st quarter. Quantbot Technologies LP now owns 817 shares of the company’s stock worth $72,000 after buying an additional 717 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Ingles Markets by 1,066.0% in the 1st quarter. Covestor Ltd now owns 1,096 shares of the company’s stock worth $98,000 after buying an additional 1,002 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ingles Markets Stock Down 1.6 %

IMKTA stock opened at $73.01 on Friday. The firm has a market cap of $1.39 billion, a PE ratio of 7.51 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 3.22. The firm’s 50 day moving average price is $76.44 and its 200-day moving average price is $80.21. Ingles Markets, Incorporated has a one year low of $72.77 and a one year high of $94.68.

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

Ingles Markets Dividend Announcement

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

Insider Buying and Selling at Ingles Markets

In other Ingles Markets news, Director Sharp Laura Ingle sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $75.00, for a total value of $150,000.00. Following the sale, the director now owns 28,700 shares of the company’s stock, valued at $2,152,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 8,000 shares of company stock valued at $607,000 over the last quarter. 23.10% of the stock is owned by company insiders.

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.