Ludmila Smolyansky Sells 45,000 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 45,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.49, for a total transaction of $1,057,050.00. Following the completion of the transaction, the insider now owns 1,025,549 shares of the company’s stock, valued at $24,090,146.01. This represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ludmila Smolyansky also recently made the following trade(s):

• On Friday, January 3rd, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.12, for a total transaction of $361,800.00.

Lifeway Foods Price Performance

Shares of NASDAQ LWAY opened at $23.00 on Thursday. The firm’s 50-day moving average is $24.22 and its two-hundred day moving average is $20.65. The company has a market capitalization of $340.77 million, a PE ratio of 26.74 and a beta of 1.02. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61.

Institutional Investors Weigh In On Lifeway Foods

A number of institutional investors and hedge funds have recently bought and sold shares of LWAY. JPMorgan Chase & Co. increased its position in Lifeway Foods by 451.4% during the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock worth $274,000 after buying an additional 8,658 shares in the last quarter. Barclays PLC increased its position in Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after purchasing an additional 1,849 shares in the last quarter. Geode Capital Management LLC raised its stake in Lifeway Foods by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after purchasing an additional 2,018 shares during the last quarter. State Street Corp raised its stake in Lifeway Foods by 28.9% in the 3rd quarter. State Street Corp now owns 53,683 shares of the company’s stock valued at $1,391,000 after purchasing an additional 12,020 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Lifeway Foods in the 3rd quarter valued at about $679,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LWAY shares. Noble Financial cut Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com initiated coverage on Lifeway Foods in a report on Thursday. They issued a “hold” rating on the stock.

Lifeway Foods Company Profile

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.