Bridgewater Associates LP Sells 9,992 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Bridgewater Associates LP lowered its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 52.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,127 shares of the company's stock after selling 9,992 shares during the period. Bridgewater Associates LP's holdings in Ingles Markets were worth $681,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in IMKTA. Brandes Investment Partners LP boosted its position in shares of Ingles Markets by 111.0% during the second quarter. Brandes Investment Partners LP now owns 196,753 shares of the company's stock worth $13,480,000 after buying an additional 103,507 shares during the period. Systematic Financial Management LP boosted its position in Ingles Markets by 103.1% during the 2nd quarter. Systematic Financial Management LP now owns 181,564 shares of the company's stock worth $12,457,000 after acquiring an additional 92,164 shares during the period. River Road Asset Management LLC grew its stake in shares of Ingles Markets by 7.1% in the third quarter. River Road Asset Management LLC now owns 971,026 shares of the company's stock worth $72,439,000 after purchasing an additional 64,296 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Ingles Markets by 9.5% during the second quarter. American Century Companies Inc. now owns 369,184 shares of the company's stock valued at $25,330,000 after purchasing an additional 32,013 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Ingles Markets by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company's stock worth $30,255,000 after purchasing an additional 31,027 shares during the period. 62.54% of the stock is owned by institutional investors.

Ingles Markets Stock Down 0.6 %

NASDAQ IMKTA traded down $0.45 during trading on Tuesday, hitting $72.46. 80,113 shares of the company traded hands, compared to its average volume of 101,655. The business has a fifty day simple moving average of $67.66 and a 200 day simple moving average of $70.87. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $89.59. 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 company has a market capitalization of $1.38 billion, a P/E ratio of 8.68 and a beta of 0.73.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Thursday, October 10th. Ingles Markets's dividend payout ratio (DPR) is presently 7.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ingles Markets from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 21st.

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.