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

Geode Capital Management LLC raised its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 411,436 shares of the company's stock after purchasing an additional 12,246 shares during the quarter. Geode Capital Management LLC owned 2.17% of Ingles Markets worth $26,518,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Ingles Markets during the fourth quarter worth $30,000. FNY Investment Advisers LLC purchased a new position in Ingles Markets during the 4th quarter valued at about $96,000. EntryPoint Capital LLC acquired a new position in Ingles Markets in the 4th quarter valued at about $204,000. Exchange Traded Concepts LLC grew its position in Ingles Markets by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock valued at $282,000 after acquiring an additional 187 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Ingles Markets by 7.5% during the fourth quarter. Ballentine Partners LLC now owns 4,523 shares of the company's stock worth $291,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 62.54% of the company's stock.

Ingles Markets Stock Up 0.7 %

Shares of NASDAQ:IMKTA traded up $0.48 during trading on Wednesday, hitting $64.76. The company's stock had a trading volume of 11,527 shares, compared to its average volume of 122,348. The company has a market capitalization of $1.23 billion, a PE ratio of 15.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01. The business has a 50 day moving average price of $63.02 and a two-hundred day moving average price of $65.33.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Thursday, April 10th. Ingles Markets's dividend payout ratio is presently 15.94%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Ingles Markets from a "buy" rating to a "hold" rating in a report on Monday, February 10th.

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.