Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Fmr LLC

FMR LLC lowered its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 75.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,016 shares of the company's stock after selling 12,175 shares during the quarter. FMR LLC's holdings in Ingles Markets were worth $300,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Ingles Markets by 20.9% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,015 shares of the company's stock valued at $523,000 after buying an additional 1,213 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ingles Markets by 8.3% during 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 in the last quarter. Landscape Capital Management L.L.C. lifted its holdings in shares of Ingles Markets by 10.3% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 13,625 shares of the company's stock valued at $1,016,000 after purchasing an additional 1,273 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Ingles Markets in the 3rd quarter worth $266,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Ingles Markets by 33.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,846 shares of the company's stock worth $3,271,000 after buying an additional 10,916 shares during the last quarter. Institutional investors own 62.54% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ingles Markets from a "buy" rating to a "hold" rating in a report on Tuesday.

Ingles Markets Price Performance

Shares of IMKTA stock traded down $0.71 during trading hours on Friday, hitting $66.34. 341,528 shares of the company's stock were exchanged, compared to its average volume of 103,696. The firm has a 50 day moving average of $68.41 and a two-hundred day moving average of $70.55. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $89.59. The firm has a market cap of $1.26 billion, a P/E ratio of 7.90 and a beta of 0.74. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34.

Ingles Markets Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, October 10th. Ingles Markets's payout ratio is 7.86%.

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.