Millennium Management LLC Boosts Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Millennium Management LLC boosted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 22.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,306 shares of the company's stock after acquiring an additional 12,933 shares during the period. Millennium Management LLC owned 0.36% of Ingles Markets worth $4,466,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in shares of Ingles Markets during the 4th quarter valued at $30,000. Sterling Capital Management LLC boosted its stake in Ingles Markets by 811.8% in 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 bought a new stake in Ingles Markets during the 4th quarter worth approximately $64,000. Tower Research Capital LLC TRC increased its holdings in Ingles Markets by 296.2% during the 4th 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 period. Finally, EntryPoint Capital LLC purchased a new stake in Ingles Markets in the 4th quarter worth approximately $204,000. 62.54% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets Trading Up 0.0%

Shares of NASDAQ:IMKTA traded up $0.02 during midday trading on Tuesday, hitting $61.63. 11,576 shares of the stock traded hands, compared to its average volume of 122,175. 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, Incorporated has a one year low of $58.92 and a one year high of $82.01. The stock has a market capitalization of $1.17 billion, a PE ratio of 14.89 and a beta of 0.73. The business's 50 day moving average is $62.51 and its two-hundred day moving average is $64.63.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly 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 company 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. The ex-dividend date was Thursday, April 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. Ingles Markets's payout ratio is 20.25%.

Analyst Upgrades and Downgrades

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.

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.