Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 44.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,571 shares of the company's stock after selling 6,054 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Ingles Markets were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IMKTA. Brandes Investment Partners LP lifted its stake in Ingles Markets by 42.4% in the 4th quarter. Brandes Investment Partners LP now owns 533,982 shares of the company's stock valued at $34,410,000 after buying an additional 159,097 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Ingles Markets in the 4th quarter valued at about $3,559,000. Charles Schwab Investment Management Inc. grew its stake in shares of Ingles Markets by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company's stock valued at $29,227,000 after buying an additional 48,000 shares during the period. American Century Companies Inc. increased its holdings in shares of Ingles Markets by 11.2% during the 4th quarter. American Century Companies Inc. now owns 475,894 shares of the company's stock worth $30,667,000 after buying an additional 47,859 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Ingles Markets by 62.4% during the 4th quarter. Teacher Retirement System of Texas now owns 119,748 shares of the company's stock valued at $7,717,000 after buying an additional 46,025 shares during the period. 62.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Ingles Markets from a "buy" rating to a "hold" rating in a report on Monday, February 10th.

Ingles Markets Trading Down 0.9 %

Shares of NASDAQ IMKTA traded down $0.56 during trading on Friday, reaching $63.31. The stock had a trading volume of 20,095 shares, compared to its average volume of 114,967. The business's 50-day moving average price is $63.47 and its 200-day moving average price is $65.71. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The company has a market cap of $1.20 billion, a P/E ratio of 15.29 and a beta of 0.75.

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

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, April 10th. Ingles Markets's dividend payout ratio is currently 15.94%.

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.