American Century Companies Inc. Purchases 32,013 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

American Century Companies Inc. grew its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,184 shares of the company’s stock after acquiring an additional 32,013 shares during the period. American Century Companies Inc. owned about 1.94% of Ingles Markets worth $25,330,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IMKTA. Charles Schwab Investment Management Inc. increased its holdings in shares of Ingles Markets by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,124 shares of the company’s stock worth $26,872,000 after acquiring an additional 23,854 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Ingles Markets in the fourth quarter valued at about $1,574,000. Allspring Global Investments Holdings LLC raised its position in shares of Ingles Markets by 69.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 41,219 shares of the company’s stock valued at $3,161,000 after purchasing an additional 16,877 shares during the period. Boston Partners acquired a new stake in shares of Ingles Markets during the 1st quarter worth about $871,000. Finally, Denali Advisors LLC boosted its holdings in shares of Ingles Markets by 20.0% during the 1st quarter. Denali Advisors LLC now owns 65,495 shares of the company’s stock worth $5,022,000 after buying an additional 10,919 shares during the period. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

Shares of NASDAQ IMKTA opened at $73.10 on Thursday. 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 firm has a market cap of $1.39 billion, a price-to-earnings ratio of 7.89 and a beta of 0.70. The stock’s fifty day moving average price is $74.27 and its two-hundred day moving average price is $73.26. Ingles Markets, Incorporated has a one year low of $67.10 and a one year high of $89.59.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.67 EPS for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%. The business had revenue of $1.39 billion for the quarter.

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Thursday, July 11th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, July 11th. Ingles Markets’s dividend payout ratio is currently 7.12%.

Insider Buying and Selling

In related news, Director Sharp Laura Ingle sold 5,901 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.02, for a total value of $401,386.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th.

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.