Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 411,436 shares of the company’s stock after buying an additional 12,246 shares during the quarter. Geode Capital Management LLC’s holdings in Ingles Markets were worth $26,518,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IMKTA. Avidian Wealth Enterprises LLC lifted its stake in Ingles Markets by 2.1% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company’s stock valued at $480,000 after buying an additional 150 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Ingles Markets by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company’s stock valued at $282,000 after buying an additional 187 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Ingles Markets by 7.5% in the fourth quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $291,000 after buying an additional 314 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Ingles Markets by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock worth $517,000 after acquiring an additional 378 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Ingles Markets during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Ingles Markets Price Performance

NASDAQ:IMKTA opened at $62.09 on Friday. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The stock has a market cap of $1.18 billion, a P/E ratio of 15.00 and a beta of 0.75. The company has a fifty day moving average price of $63.11 and a 200 day moving average price of $65.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.87 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, April 10th. Ingles Markets’s dividend payout ratio (DPR) is currently 15.94%.

Ingles Markets 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.