Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Holdings Lessened by Fmr LLC

Fmr LLC reduced its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 75.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,016 shares of the company’s stock after selling 12,175 shares during the quarter. Fmr LLC’s holdings in Ingles Markets were worth $300,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IMKTA. AQR Capital Management LLC increased its position in Ingles Markets by 18.0% in the 2nd quarter. AQR Capital Management LLC now owns 55,187 shares of the company’s stock worth $3,786,000 after purchasing an additional 8,432 shares during the last quarter. Brandes Investment Partners LP increased its holdings in Ingles Markets by 111.0% in the second quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after buying an additional 103,507 shares during the last quarter. River Road Asset Management LLC increased its holdings in Ingles Markets by 7.1% in 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 last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Ingles Markets by 33.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,846 shares of the company’s stock valued at $3,271,000 after acquiring an additional 10,916 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Ingles Markets in the second quarter valued at approximately $641,000. 62.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ingles Markets from a “buy” rating to a “hold” rating in a report on Tuesday.

Ingles Markets Stock Down 1.1 %

IMKTA stock opened at $66.34 on Friday. Ingles Markets, Incorporated has a twelve month low of $59.73 and a twelve month high of $89.59. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The company has a market cap of $1.26 billion, a PE ratio of 7.90 and a beta of 0.74. The business’s 50-day simple moving average is $68.41 and its 200 day simple moving average is $70.55.

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s dividend payout ratio is 7.86%.

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.