G. Willi-Food International (NASDAQ:WILC) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• G. Willi-Food International's stock recently surpassed its 200-day moving average of $17.69, reaching a high of $20.98 before settling at $20.90.
• The company was upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating increased confidence in its performance.
• G. Willi-Food International has a market capitalization of approximately $289.88 million and has announced a recent dividend of $0.42 per share, representing a high yield.

G. Willi-Food International, Ltd. (NASDAQ:WILC - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.69 and traded as high as $20.98. G. Willi-Food International shares last traded at $20.90, with a volume of 5,453 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised G. Willi-Food International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 7th.

G. Willi-Food International Stock Performance

The company has a 50 day moving average of $20.90 and a two-hundred day moving average of $17.77. The stock has a market capitalization of $273.66 million, a PE ratio of 10.55 and a beta of 0.84.

G. Willi-Food International (NASDAQ:WILC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.61 earnings per share for the quarter. The business had revenue of $44.83 million for the quarter. G. Willi-Food International had a return on equity of 15.70% and a net margin of 16.07%.

G. Willi-Food International Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 25th were issued a $0.42 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a dividend yield of 90.0%. G. Willi-Food International's dividend payout ratio is currently 53.48%.

Institutional Inflows and Outflows

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

G. Willi-Food International Company Profile

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.