Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Holdings Cut by Bridgewater Associates LP

Bridgewater Associates LP lessened its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 52.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period.

Several other institutional investors have also modified their holdings of the company. CWM LLC grew its position in Ingles Markets by 240.9% in the second quarter. CWM LLC now owns 433 shares of the company’s stock worth $30,000 after buying an additional 306 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Ingles Markets by 413.9% in the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 327 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Ingles Markets by 12.1% in the 2nd quarter. Sei Investments Co. now owns 3,844 shares of the company’s stock worth $264,000 after acquiring an additional 416 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Ingles Markets by 9.5% during the second quarter. Inspire Investing LLC now owns 5,170 shares of the company’s stock valued at $355,000 after purchasing an additional 447 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Ingles Markets by 18.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,116 shares of the company’s stock valued at $214,000 after purchasing an additional 484 shares during the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Ingles Markets Stock Performance

Shares of Ingles Markets stock opened at $72.91 on Tuesday. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $89.59. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.38 billion, a PE ratio of 8.68 and a beta of 0.72. The business has a fifty day simple moving average of $67.66 and a 200-day simple moving average of $70.87.

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were issued a $0.165 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. Ingles Markets’s dividend payout ratio is 7.86%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 21st.

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.