DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 75,109 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 37.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,908 shares of the company's stock after selling 75,109 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.67% of Ingles Markets worth $8,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Ingles Markets in the fourth quarter worth $30,000. Sterling Capital Management LLC increased its holdings in Ingles Markets by 811.8% during the 4th quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock worth $30,000 after purchasing an additional 414 shares during the period. Anchor Investment Management LLC acquired a new stake in Ingles Markets in the 4th quarter valued at about $64,000. Tower Research Capital LLC TRC boosted its stake in shares of Ingles Markets by 296.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock valued at $81,000 after buying an additional 936 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Ingles Markets in the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 62.54% of the company's stock.

Ingles Markets Stock Performance

NASDAQ:IMKTA traded up $0.77 during trading hours on Thursday, reaching $62.57. 55,430 shares of the company's stock were exchanged, compared to its average volume of 120,001. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.11 and a beta of 0.73. Ingles Markets, Incorporated has a 1-year low of $58.92 and a 1-year high of $82.01. The company has a 50-day moving average of $62.72 and a 200 day moving average of $65.30. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.80 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders 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 1.05%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's payout ratio is 20.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Ingles Markets from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

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.