Ingles Markets, Incorporated (IMKTA) To Go Ex-Dividend on July 9th

Ingles Markets, Incorporated (NASDAQ:IMKTA) announced a quarterly dividend on Monday, June 29th. Shareholders of record on Thursday, July 9th will be paid a dividend of 0.165 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th.

Ingles Markets Price Performance

IMKTA stock opened at $88.58 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.77 and a current ratio of 3.34. The company’s fifty day moving average price is $88.71 and its 200-day moving average price is $83.56. Ingles Markets has a one year low of $59.27 and a one year high of $95.62. The company has a market capitalization of $1.68 billion, a PE ratio of 16.13 and a beta of 0.60.

Ingles Markets (NASDAQ:IMKTA) last posted its earnings results on Thursday, May 7th. The company reported $1.28 earnings per share for the quarter. The company had revenue of $1.31 billion during the quarter. Ingles Markets had a net margin of 1.93% and a return on equity of 6.41%.

Insider Activity

In related news, Director Dwight L. Jacobs bought 500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $88.07 per share, for a total transaction of $44,035.00. Following the acquisition, the director owned 500 shares in the company, valued at $44,035. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.80% of the stock is owned by insiders.

Institutional Trading of Ingles Markets

A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in Ingles Markets by 3.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,966 shares of the company’s stock valued at $446,000 after acquiring an additional 157 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Ingles Markets by 14.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,561 shares of the company’s stock worth $109,000 after acquiring an additional 197 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ingles Markets by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,163 shares of the company’s stock worth $327,000 after acquiring an additional 209 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Ingles Markets by 4.0% during the 4th quarter. Ballentine Partners LLC now owns 5,643 shares of the company’s stock worth $387,000 after purchasing an additional 217 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Ingles Markets by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 16,096 shares of the company’s stock worth $1,120,000 after purchasing an additional 234 shares during the period. 62.54% of the stock is currently owned by institutional investors.

About Ingles Markets

Ingles Markets, Inc (NASDAQ: IMKTA) is a family‐owned regional supermarket chain headquartered in Asheville, North Carolina. Since its founding in 1963 by Robert P. Ingle Sr., the company has grown to serve communities across the southeastern United States, including North Carolina, South Carolina, Georgia, Tennessee, Virginia and Alabama. Ingles Markets operates a full-service grocery platform, delivering a broad assortment of fresh produce, meat and seafood, bakery items, deli offerings and dairy products alongside pantry staples and household essentials.

In addition to traditional grocery departments, Ingles Markets provides in-store pharmacy services and fuel centers at many of its locations.