Vanguard Amends Ingles Markets Stake to 10.4% Class A Shares

TL;DR

**Vanguard just updated its Ingles Markets Class A stake to 10.4%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in its beneficial ownership of Ingles Markets, Incorporated Class A Common Stock as of December 29, 2023. Vanguard now reports owning 2,059,600 shares, representing 10.4% of the company's Class A shares. This matters to investors because Vanguard is a significant institutional holder, and changes in its stake can signal shifts in its investment strategy or outlook on Ingles Markets.

Why It Matters

This filing shows a major institutional investor's updated position in Ingles Markets, which can influence market perception and potentially stock price due to the size of the holding.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk to the company or its shareholders.

Analyst Insight

Investors should note Vanguard's continued significant stake, as large institutional holdings can provide a degree of stability and indicate long-term interest in the company. Monitor future filings for any substantial changes in this position.

Key Numbers

• 2,059,600 — Shares Beneficially Owned (The total number of Ingles Markets Class A shares held by The Vanguard Group.)
• 10.4% — Percentage of Class A Shares (The ownership stake of The Vanguard Group in Ingles Markets Class A Common Stock.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• Ingles Markets, Incorporated Class A (company) — the subject company whose securities are being reported
• 2,059,600 (dollar_amount) — the number of shares beneficially owned by Vanguard
• 10.4% (dollar_amount) — the percentage of Class A Common Stock owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing
• February 13, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will maintain a significant institutional stake in Ingles Markets Class A shares. (The Vanguard Group) — high confidence, target: Next 12 months

FAQ

Filing Documents

• tv01184-inglesmarketsincorpo.htm (SC 13G/A) — 11KB
• 0001104659-24-021186.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Ingles Markets, Incorporated Class A

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 2913 US Highway, 70 West Black Mountain, NC 28711-9103

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 457030104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR