Meeder Asset Management Inc. Makes New Investment in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Meeder Asset Management Inc. bought a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 465 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors also recently modified their holdings of the business. Brandes Investment Partners LP grew its stake in Ingles Markets by 42.4% in the fourth quarter. Brandes Investment Partners LP now owns 533,982 shares of the company’s stock valued at $34,410,000 after acquiring an additional 159,097 shares during the period. Raymond James Financial Inc. bought a new position in shares of Ingles Markets during the 4th quarter valued at about $3,559,000. Charles Schwab Investment Management Inc. increased its stake in Ingles Markets by 11.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company’s stock worth $29,227,000 after purchasing an additional 48,000 shares in the last quarter. American Century Companies Inc. raised its holdings in 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 period. Finally, Teacher Retirement System of Texas lifted its stake in Ingles Markets by 62.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Ingles Markets Stock Up 0.8 %

Ingles Markets stock opened at $65.64 on Thursday. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a 1-year low of $58.92 and a 1-year high of $82.01. The company has a fifty day simple moving average of $63.96 and a 200 day simple moving average of $66.21. The company has a market cap of $1.25 billion, a P/E ratio of 15.86 and a beta of 0.71.

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

Ingles Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, April 10th. Ingles Markets’s payout ratio is presently 15.94%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

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.