G. Willi-Food International (NASDAQ:WILC) Trading 16.8% Higher - Here's What Happened

Key Points

• G. Willi-Food International shares jumped 16.8% in mid-day trading, reaching as high as $35.00 and last trading at $36.8550 after closing at $31.55 the previous session.
• Analyst sentiment remained cautious, with Weiss Ratings reiterating a “hold (c)” rating and MarketBeat noting the stock’s consensus rating is still “Hold.”
• The company reported solid recent results, including Q1 earnings of $0.46 per share on $49.70 million in revenue, while institutional ownership stood at 9.45% and several hedge funds recently adjusted their stakes.

Shares of G. Willi-Food International, Ltd. (NASDAQ:WILC - Get Free Report) shot up 16.8% during mid-day trading on Wednesday . The stock traded as high as $35.00 and last traded at $36.8550. 4,348 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 4,694 shares. The stock had previously closed at $31.55.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of G. Willi-Food International in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

G. Willi-Food International Stock Performance

The company has a market cap of $460.25 million, a PE ratio of 16.60 and a beta of 1.07. The company has a fifty day moving average of $34.12 and a two-hundred day moving average of $30.31.

G. Willi-Food International (NASDAQ:WILC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 26th. The company reported $0.46 earnings per share for the quarter. G. Willi-Food International had a net margin of 14.51% and a return on equity of 14.12%. The business had revenue of $49.70 million for the quarter.

Hedge Funds Weigh In On G. Willi-Food International

Several hedge funds have recently added to or reduced their stakes in WILC. Y.D. More Investments Ltd raised its position in G. Willi-Food International by 3,072.6% in the 1st quarter. Y.D. More Investments Ltd now owns 68,750 shares of the company's stock worth $1,751,000 after purchasing an additional 66,583 shares during the period. Noked Israel Ltd bought a new position in shares of G. Willi-Food International during the fourth quarter valued at approximately $230,000. Geode Capital Management LLC bought a new position in shares of G. Willi-Food International during the fourth quarter valued at approximately $203,000. JPMorgan Chase & Co. raised its holdings in shares of G. Willi-Food International by 408.1% in the third quarter. JPMorgan Chase & Co. now owns 10,903 shares of the company's stock worth $220,000 after buying an additional 8,757 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of G. Willi-Food International in the first quarter worth approximately $50,000. 9.45% of the stock is currently owned by institutional investors.

G. Willi-Food International Company Profile

G. Willi-Food International, Inc is a specialty food manufacturer based in Porterville, California, that develops, produces and distributes a variety of seasoned and roasted nut products, trail mixes and snack foods. The company serves both retail and foodservice channels through branded and private-label offerings, catering to grocery chains, club stores, convenience outlets, airlines, hotels, universities and restaurants throughout North America.

Founded in 1977, G. Willi-Food has expanded from a single roasting line to multiple production facilities in California, supported by satellite distribution centers to ensure efficient delivery and inventory management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.