SCHEDULE 13G/A: River Road Asset Management Discloses 6.7% Stake in Ingles Markets Inc.

River Road Asset Management, LLC has filed an amended Schedule 13G, revealing a 6.7% beneficial ownership stake in Ingles Markets Inc. as of December 31, 2024.

Summary

• River Road Asset Management, LLC, an investment adviser based in Louisville, KY, has filed an Amendment No. 8 to Schedule 13G regarding its beneficial ownership in Ingles Markets Inc.
• As of December 31, 2024, River Road Asset Management, LLC beneficially owns an aggregate of 976,424 shares of Ingles Markets Inc. Common Stock.
• This ownership represents 6.7% of the class of securities.
• The firm holds sole voting power over 842,496 shares and sole dispositive power over all 976,424 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Ingles Markets Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that inherently suggests a positive or negative sentiment regarding the company's performance or outlook. It simply reports an investment firm's stake.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investment in a publicly traded grocery retailer. Such disclosures are common for investment firms managing portfolios and reflect their positions in various companies within the retail or consumer staples sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (6.7%) by River Road Asset Management, LLC provides transparency regarding the company's ownership structure and may influence investor perception and trading activity.

Key Dates

Keywords

SEC filing, Schedule 13G, beneficial ownership, Ingles Markets Inc., River Road Asset Management, common stock, investment adviser, institutional ownership