G. Willi-Food International (NASDAQ:WILC) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• G. Willi-Food International's shares recently surpassed their 200-day moving average during trading, with the stock reaching a high of $22.17 before closing at $21.57.
• Analysts at Wall Street Zen have upgraded the company to a "hold" rating, indicating a more cautious approach for prospective investors.
• The company announced a dividend of $0.42 per share, reflecting a 90.0% yield, with an ex-dividend date set for August 25th.

G. Willi-Food International, Ltd. (NASDAQ:WILC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.05 and traded as high as $22.17. G. Willi-Food International shares last traded at $21.57, with a volume of 13,271 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded G. Willi-Food International to a "hold" rating in a research note on Saturday, August 2nd.

G. Willi-Food International Price Performance

The company has a market capitalization of $299.18 million, a price-to-earnings ratio of 11.53 and a beta of 0.90. The stock has a 50 day simple moving average of $19.19 and a two-hundred day simple moving average of $17.05.

G. Willi-Food International (NASDAQ:WILC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.61 earnings per share for the quarter. G. Willi-Food International had a return on equity of 16.31% and a net margin of 16.07%. The company had revenue of $44.83 million for the quarter.

G. Willi-Food International Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 25th will be given a dividend of $0.42 per share. The ex-dividend date is Monday, August 25th. This represents a dividend yield of 90.0%. G. Willi-Food International's payout ratio is 41.73%.

Institutional Trading of G. Willi-Food International

A number of hedge funds and other institutional investors have recently made changes to their positions in WILC. JPMorgan Chase & Co. increased its position in shares of G. Willi-Food International by 786.8% during the second quarter. JPMorgan Chase & Co. now owns 2,146 shares of the company's stock worth $40,000 after purchasing an additional 1,904 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of G. Willi-Food International during the first quarter worth about $50,000. Finally, Northern Trust Corp acquired a new stake in shares of G. Willi-Food International during the fourth quarter worth about $521,000. Institutional investors and hedge funds own 9.45% of the company's stock.

About G. Willi-Food International

G. Willi-Food International Ltd. designs, imports, markets, and distributes food products worldwide. The company offers mushrooms, artichoke, beans, asparagus, capers, corn kernels, baby corn, palm hearts, vine leaves, sour pickles, mixed pickled vegetables, pickled peppers, olives, garlic, roasted eggplant sun, and dried tomatoes; and canned fish comprising tuna, sardine, anchovies, smoked and pressed cod liver, herring, fish paste, and salmon products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.