Ingles Markets, Incorporated (IMKTA) To Go Ex-Dividend on April 10th

Ingles Markets, Incorporated (NASDAQ:IMKTAGet Free Report) announced a quarterly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Thursday, April 11th will be given a dividend of 0.165 per share on Thursday, April 18th. This represents a $0.66 annualized dividend and a yield of 0.88%. The ex-dividend date is Wednesday, April 10th.

Ingles Markets Stock Down 0.6 %

Ingles Markets stock opened at $75.37 on Wednesday. Ingles Markets has a 52 week low of $73.00 and a 52 week high of $94.68. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 7.75 and a beta of 0.60. The company’s 50-day moving average price is $77.75 and its two-hundred day moving average price is $80.31. The company has a current ratio of 3.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36.

Ingles Markets (NASDAQ:IMKTAGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.28 EPS for the quarter. The business had revenue of $1.48 billion for the quarter. Ingles Markets had a net margin of 3.14% and a return on equity of 12.92%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IMKTA shares. StockNews.com downgraded shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. TheStreet lowered shares of Ingles Markets from a “b” rating to a “c+” rating in a research report on Monday, February 26th.

Get Our Latest Analysis on Ingles Markets

Insider Activity at Ingles Markets

In other news, Director Sharp Laura Ingle sold 4,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $76.25, for a total value of $305,000.00. Following the transaction, the director now owns 20,700 shares in the company, valued at approximately $1,578,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 8,000 shares of company stock valued at $607,000. Company insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ingles Markets by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,212,017 shares of the company’s stock worth $96,004,000 after purchasing an additional 15,239 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ingles Markets by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,143,947 shares of the company’s stock worth $101,870,000 after purchasing an additional 22,779 shares in the last quarter. BlackRock Inc. increased its position in Ingles Markets by 3.8% during the first quarter. BlackRock Inc. now owns 1,101,696 shares of the company’s stock worth $97,720,000 after buying an additional 39,930 shares during the last quarter. State Street Corp raised its holdings in Ingles Markets by 11.1% during the first quarter. State Street Corp now owns 374,095 shares of the company’s stock valued at $33,182,000 after buying an additional 37,266 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Ingles Markets by 2.8% in the second quarter. Geode Capital Management LLC now owns 319,228 shares of the company’s stock worth $26,384,000 after buying an additional 8,838 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Company Profile

(Get Free Report)

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.

Recommended Stories

Dividend History for Ingles Markets (NASDAQ:IMKTA)

Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.