Barclays PLC boosted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA – Free Report) by 346.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,689 shares of the company’s stock after purchasing an additional 18,380 shares during the period. Barclays PLC’s holdings in Ingles Markets were worth $1,768,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in IMKTA. Brandes Investment Partners LP grew its stake in shares of Ingles Markets by 111.0% during the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after purchasing an additional 103,507 shares during the period. Systematic Financial Management LP grew its position in Ingles Markets by 103.1% during the second quarter. Systematic Financial Management LP now owns 181,564 shares of the company’s stock worth $12,457,000 after buying an additional 92,164 shares during the period. River Road Asset Management LLC grew its position in Ingles Markets by 7.1% during the third quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock worth $72,439,000 after buying an additional 64,296 shares during the period. American Century Companies Inc. increased its holdings in Ingles Markets by 9.5% in the second quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock valued at $25,330,000 after buying an additional 32,013 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock valued at $30,255,000 after acquiring an additional 31,027 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Ingles Markets from a “hold” rating to a “buy” rating in a report on Monday, December 30th.
Ingles Markets Stock Down 2.5 %
Ingles Markets stock opened at $62.38 on Friday. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $87.11. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.43 and a beta of 0.76. The stock’s fifty day moving average is $68.78 and its two-hundred day moving average is $69.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.99.
Ingles Markets (NASDAQ:IMKTA – Get Free Report) last issued its quarterly earnings data on Friday, December 27th. The company reported ($0.08) EPS for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%.
Ingles Markets Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 9th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, January 10th. Ingles Markets’s payout ratio is currently 11.89%.
Ingles Markets 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.
See Also
- Five stocks we like better than Ingles Markets
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- 3 Defense Stocks Gaining From Budget and Interest Rate Pressures
- Technology Stocks Explained: Here’s What to Know About Tech
- 3 Natural Gas Stocks Set to Thrive in This Winter’s Freeze
- How to Find Undervalued Stocks
- Bullish on Athleisure? Here’s Why Lululemon Stock Shines
Want to see what other hedge funds are holding IMKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingles Markets, Incorporated (NASDAQ:IMKTA – Free Report).
Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.