Barclays PLC Grows Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Barclays PLC grew its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 346.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,689 shares of the company’s stock after purchasing an additional 18,380 shares during the period. Barclays PLC owned approximately 0.12% of Ingles Markets worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 327 shares during the last quarter. CWM LLC lifted its holdings in Ingles Markets by 75.5% in the third quarter. CWM LLC now owns 760 shares of the company’s stock valued at $57,000 after acquiring an additional 327 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Ingles Markets in the second quarter worth approximately $69,000. Caprock Group LLC purchased a new position in Ingles Markets in the third quarter worth approximately $203,000. Finally, Captrust Financial Advisors acquired a new stake in Ingles Markets during the third quarter worth $206,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

Ingles Markets Stock Performance

Shares of Ingles Markets stock opened at $62.38 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 7.43 and a beta of 0.76. 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, Incorporated has a 52 week low of $59.73 and a 52 week high of $87.11. The firm’s 50 day moving average is $68.78 and its two-hundred day moving average is $69.99.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Friday, December 27th. The company reported ($0.08) earnings per share (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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, January 10th. Ingles Markets’s payout ratio is currently 11.89%.

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.