Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 346.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,689 shares of the company’s stock after acquiring an additional 18,380 shares during the period. Barclays PLC owned 0.12% of Ingles Markets worth $1,768,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Ingles Markets by 413.9% during the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 327 shares during the period. CWM LLC boosted its position in shares of Ingles Markets by 75.5% during the 3rd quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after purchasing an additional 327 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Ingles Markets during the 2nd quarter worth approximately $69,000. Signaturefd LLC increased its holdings in Ingles Markets by 101.0% in the 2nd quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock valued at $69,000 after purchasing an additional 504 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Ingles Markets in the second quarter valued at approximately $75,000. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Price Performance

Shares of NASDAQ:IMKTA opened at $65.32 on Friday. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $89.59. The firm has a market capitalization of $1.24 billion, a P/E ratio of 7.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. The company’s fifty day moving average price is $68.65 and its 200 day moving average price is $70.38.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Friday, December 27th. The company reported ($0.08) EPS for the quarter. Ingles Markets had a return on equity of 10.58% and a net margin of 2.74%.

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, October 10th. Ingles Markets’s dividend payout ratio (DPR) is presently 7.86%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Ingles Markets from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th.

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.