Ingles Markets, Incorporated (NASDAQ:IMKTA) Position Increased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,870 shares of the company's stock after purchasing an additional 4,248 shares during the period. Deutsche Bank AG owned 0.18% of Ingles Markets worth $2,183,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Ingles Markets during the 4th quarter valued at approximately $30,000. Sterling Capital Management LLC lifted its stake in Ingles Markets by 811.8% in the fourth quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock valued at $30,000 after buying an additional 414 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Ingles Markets during the fourth quarter valued at $64,000. Tower Research Capital LLC TRC grew its position in shares of Ingles Markets by 296.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock worth $81,000 after acquiring an additional 936 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Ingles Markets during the fourth quarter worth about $204,000. 62.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Ingles Markets from a "hold" rating to a "buy" rating in a research report on Tuesday, May 6th.

Ingles Markets Stock Performance

IMKTA opened at $59.82 on Friday. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $62.60 and its 200-day moving average is $65.18. The stock has a market cap of $1.14 billion, a PE ratio of 14.45 and a beta of 0.73. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01.

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

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) is 20.25%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.