SG Americas Securities LLC Sells 7,529 Shares of Ingles Markets, Incorporated $IMKTA

SG Americas Securities LLC decreased its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 58.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,277 shares of the company’s stock after selling 7,529 shares during the period. SG Americas Securities LLC’s holdings in Ingles Markets were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. boosted its stake in shares of Ingles Markets by 4.5% in the 3rd quarter. American Century Companies Inc. now owns 561,306 shares of the company’s stock valued at $39,045,000 after purchasing an additional 24,406 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Ingles Markets by 24.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 188,964 shares of the company’s stock valued at $13,144,000 after purchasing an additional 37,194 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Ingles Markets by 23.2% in the 3rd quarter. Two Sigma Investments LP now owns 145,510 shares of the company’s stock valued at $10,122,000 after purchasing an additional 27,403 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Ingles Markets by 1.7% in the 3rd quarter. Denali Advisors LLC now owns 102,839 shares of the company’s stock valued at $7,153,000 after purchasing an additional 1,750 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Ingles Markets by 167.3% in the 3rd quarter. UBS Group AG now owns 102,333 shares of the company’s stock valued at $7,118,000 after purchasing an additional 64,049 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on IMKTA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingles Markets in a research note on Monday, December 29th. Wall Street Zen cut shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Ingles Markets Trading Down 1.9%

Shares of IMKTA opened at $90.59 on Wednesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 18.08 and a beta of 0.65. The company has a quick ratio of 1.69, a current ratio of 3.36 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $87.59 and a two-hundred day simple moving average of $77.72. Ingles Markets, Incorporated has a twelve month low of $59.09 and a twelve month high of $95.62.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.48 earnings per share for the quarter. The business had revenue of $1.37 billion during the quarter. Ingles Markets had a net margin of 1.76% and a return on equity of 5.93%.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $0.66 annualized dividend and a yield of 0.7%. Ingles Markets’s dividend payout ratio is presently 13.17%.

Ingles Markets Company Profile

Ingles Markets, Inc (NASDAQ: IMKTA) is a family‐owned regional supermarket chain headquartered in Asheville, North Carolina. Since its founding in 1963 by Robert P. Ingle Sr., the company has grown to serve communities across the southeastern United States, including North Carolina, South Carolina, Georgia, Tennessee, Virginia and Alabama. Ingles Markets operates a full-service grocery platform, delivering a broad assortment of fresh produce, meat and seafood, bakery items, deli offerings and dairy products alongside pantry staples and household essentials.

In addition to traditional grocery departments, Ingles Markets provides in-store pharmacy services and fuel centers at many of its locations.