Geode Capital Management LLC grew its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA – Free Report) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 399,190 shares of the company’s stock after buying an additional 14,264 shares during the period. Geode Capital Management LLC owned 2.10% of Ingles Markets worth $29,785,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in Ingles Markets by 413.9% in the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 327 shares during the last quarter. CWM LLC boosted its holdings in shares of Ingles Markets by 75.5% during the third quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after acquiring an additional 327 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Ingles Markets in the second quarter valued at approximately $69,000. Signaturefd LLC increased its stake in shares of Ingles Markets by 101.0% during the second quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock worth $69,000 after purchasing an additional 504 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Ingles Markets during the 2nd quarter worth approximately $74,000. 62.54% of the stock is currently owned by 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, December 17th.
Ingles Markets Price Performance
Shares of Ingles Markets stock opened at $66.26 on Friday. The company has a 50-day simple moving average of $68.58 and a two-hundred day simple moving average of $70.44. Ingles Markets, Incorporated has a twelve month low of $59.73 and a twelve month high of $89.59. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 7.89 and a beta of 0.73. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34.
Ingles Markets Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s dividend payout ratio (DPR) is currently 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.
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