American Century Companies Inc. Buys 47,859 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

American Century Companies Inc. grew its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 475,894 shares of the company's stock after purchasing an additional 47,859 shares during the period. American Century Companies Inc. owned about 2.51% of Ingles Markets worth $30,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IMKTA. FNY Investment Advisers LLC bought a new position in Ingles Markets in the 4th quarter valued at about $96,000. Captrust Financial Advisors acquired a new position in shares of Ingles Markets during the third quarter worth $206,000. Intech Investment Management LLC acquired a new position in Ingles Markets during the 3rd quarter worth about $266,000. Exchange Traded Concepts LLC boosted its holdings in Ingles Markets by 4.5% in the fourth 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 during the last quarter. Finally, Ballentine Partners LLC increased its position in shares of 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 buying an additional 314 shares during the period. 62.54% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

Shares of NASDAQ IMKTA traded up $0.49 during midday trading on Wednesday, hitting $65.64. The company's stock had a trading volume of 83,997 shares, compared to its average volume of 112,620. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 15.86 and a beta of 0.71. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $63.96 and a 200 day moving average price of $66.21.

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Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, April 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Ingles Markets's payout ratio is presently 15.94%.

Analyst Ratings Changes

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

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.