DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 75,109 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 37.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,908 shares of the company’s stock after selling 75,109 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.67% of Ingles Markets worth $8,178,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of IMKTA. Meeder Asset Management Inc. bought a new stake in Ingles Markets in the 4th quarter valued at about $30,000. Sterling Capital Management LLC lifted its holdings in shares of Ingles Markets by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 465 shares of the company’s stock worth $30,000 after purchasing an additional 414 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in Ingles Markets in the 4th quarter valued at $64,000. Tower Research Capital LLC TRC increased its stake in Ingles Markets by 296.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company’s stock valued at $81,000 after purchasing an additional 936 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Ingles Markets in the fourth quarter valued at $96,000. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Stock Up 0.9 %

IMKTA stock opened at $61.67 on Friday. The stock’s 50 day moving average is $62.66 and its 200-day moving average is $65.28. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01. The firm has a market capitalization of $1.17 billion, a PE ratio of 14.90 and a beta of 0.73. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.80 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were paid a $0.165 dividend. The ex-dividend date was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.07%. Ingles Markets’s dividend payout ratio (DPR) is 20.25%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.