Ingles Markets, Incorporated $IMKTA Stock Holdings Lifted by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Ingles Markets by 101.8%, owning 15,277 shares valued at approximately $995,000 after a purchase of 7,706 additional shares.
• Several institutional investors have also boosted their stakes in Ingles Markets, with Tower Research Capital LLC TRC increasing its stake by 296.2%.
• Ingles Markets declared a quarterly dividend of $0.165 per share, resulting in an annualized dividend yield of 1.0%.

Landscape Capital Management L.L.C. grew its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 101.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,277 shares of the company's stock after buying an additional 7,706 shares during the quarter. Landscape Capital Management L.L.C. owned 0.08% of Ingles Markets worth $995,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IMKTA. Janus Henderson Group PLC lifted its position in shares of Ingles Markets by 1,228.1% during the fourth quarter. Janus Henderson Group PLC now owns 194,756 shares of the company's stock worth $12,550,000 after purchasing an additional 180,092 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ingles Markets in the fourth quarter worth $5,886,000. Charles Schwab Investment Management Inc. boosted its holdings in Ingles Markets by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 497,217 shares of the company's stock worth $32,384,000 after purchasing an additional 43,659 shares during the period. DC Investments Management LLC acquired a new position in Ingles Markets in the fourth quarter worth $2,792,000. Finally, American Century Companies Inc. boosted its holdings in Ingles Markets by 8.1% in the first quarter. American Century Companies Inc. now owns 514,302 shares of the company's stock worth $33,497,000 after purchasing an additional 38,408 shares during the period. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Ingles Markets Stock Performance

IMKTA stock traded up $0.86 during mid-day trading on Thursday, reaching $70.50. The company had a trading volume of 102,282 shares, compared to its average volume of 109,969. The company has a quick ratio of 1.53, a current ratio of 3.14 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.34 billion, a P/E ratio of 23.74 and a beta of 0.77. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $75.63. The stock's 50-day simple moving average is $65.59 and its two-hundred day simple moving average is $63.44.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.38 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 3.60% and a net margin of 1.05%.

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 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 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Ingles Markets's dividend payout ratio (DPR) is 22.22%.

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.