Barclays PLC Buys 18,380 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Barclays PLC raised its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 346.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,689 shares of the company's stock after acquiring an additional 18,380 shares during the period. Barclays PLC owned approximately 0.12% of Ingles Markets worth $1,768,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IMKTA. GAMMA Investing LLC increased its stake in Ingles Markets by 413.9% in the third quarter. GAMMA Investing LLC now owns 406 shares of the company's stock valued at $30,000 after acquiring an additional 327 shares during the last quarter. CWM LLC boosted its holdings in shares of Ingles Markets by 75.5% in the 3rd quarter. CWM LLC now owns 760 shares of the company's stock valued at $57,000 after purchasing an additional 327 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Ingles Markets by 12.1% during the 2nd quarter. Sei Investments Co. now owns 3,844 shares of the company's stock worth $264,000 after buying an additional 416 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Ingles Markets by 9.5% during the 2nd quarter. Inspire Investing LLC now owns 5,170 shares of the company's stock worth $355,000 after buying an additional 447 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Ingles Markets by 18.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,116 shares of the company's stock worth $214,000 after buying an additional 484 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Trading Down 2.5 %

IMKTA stock traded down $1.61 during midday trading on Friday, hitting $62.38. The stock had a trading volume of 135,702 shares, compared to its average volume of 137,234. The company has a current ratio of 2.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average price of $68.78 and a two-hundred day moving average price of $70.00. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $87.11. The firm has a market cap of $1.18 billion, a P/E ratio of 7.43 and a beta of 0.76.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings results on Friday, December 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be issued a $0.165 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.66 annualized dividend and a yield of 1.06%. Ingles Markets's payout ratio is currently 11.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ingles Markets from a "hold" rating to a "buy" rating in a report on Monday, December 30th.

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.