DGS Capital Management LLC Trims Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

DGS Capital Management LLC trimmed its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,326 shares of the company’s stock after selling 1,651 shares during the quarter. DGS Capital Management LLC owned 0.11% of Ingles Markets worth $1,310,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. River Road Asset Management LLC increased its position in Ingles Markets by 7.1% during the 3rd quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock valued at $72,439,000 after purchasing an additional 64,296 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ingles Markets by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock worth $30,255,000 after buying an additional 31,027 shares in the last quarter. Geode Capital Management LLC boosted its position in Ingles Markets by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 399,190 shares of the company’s stock valued at $29,785,000 after acquiring an additional 14,264 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Ingles Markets by 111.0% in the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after acquiring an additional 103,507 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in shares of Ingles Markets by 8.3% during the 3rd quarter. Systematic Financial Management LP now owns 196,671 shares of the company’s stock worth $14,672,000 after purchasing an additional 15,107 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors.

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 Monday, December 30th.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $65.63 on Friday. The firm has a 50-day simple moving average of $67.47 and a 200-day simple moving average of $69.67. The company has a quick ratio of 1.45, a current ratio of 2.89 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.83 and a beta of 0.76. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $85.87.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings data on Friday, December 27th. The company reported ($0.08) earnings per share for the quarter. Ingles Markets had a return on equity of 6.90% and a net margin of 1.87%.

Ingles Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is presently 11.89%.

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.