Ingles Markets, Incorporated (NASDAQ:IMKTA) Plans $0.17 Quarterly Dividend

Ingles Markets, Incorporated (NASDAQ:IMKTA - Get Free Report) announced a quarterly dividend on Monday, June 30th, Wall Street Journal reports. Shareholders of record on Thursday, July 10th will be paid a dividend of 0.165 per share on Thursday, July 17th. This represents a $0.66 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, July 10th.

Ingles Markets Stock Performance

Shares of NASDAQ:IMKTA traded down $0.38 during midday trading on Wednesday, reaching $65.67. 965 shares of the company's stock traded hands, compared to its average volume of 123,615. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.46 and a current ratio of 3.19. Ingles Markets has a one year low of $58.92 and a one year high of $82.01. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 20.15 and a beta of 0.71. The stock has a 50 day moving average of $61.84 and a 200 day moving average of $63.26.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.80 earnings per share for the quarter. Ingles Markets had a net margin of 1.14% and a return on equity of 3.98%.

Institutional Trading of Ingles Markets

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its position in shares of Ingles Markets by 275.9% in the first quarter. Jane Street Group LLC now owns 30,644 shares of the company's stock valued at $1,996,000 after acquiring an additional 22,492 shares in the last quarter. Royal Bank of Canada grew its holdings in Ingles Markets by 15.4% during the 1st quarter. Royal Bank of Canada now owns 19,083 shares of the company's stock valued at $1,243,000 after buying an additional 2,544 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ingles Markets by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,617 shares of the company's stock valued at $561,000 after buying an additional 385 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.