Ludmila Smolyansky Sells 12,034 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 12,034 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $22.55, for a total value of $271,366.70. Following the transaction, the insider now owns 965,823 shares in the company, valued at approximately $21,779,308.65. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, January 15th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $22.67, for a total transaction of $226,700.00.
• On Monday, January 13th, Ludmila Smolyansky sold 30,000 shares of Lifeway Foods stock. The stock was sold at an average price of $22.24, for a total transaction of $667,200.00.
• On Monday, January 6th, Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock. The shares were sold at an average price of $23.49, for a total transaction of $1,057,050.00.
• 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 value of $361,800.00.

Lifeway Foods Stock Up 0.3 %

Shares of LWAY opened at $22.45 on Friday. The stock’s 50-day moving average price is $23.77 and its 200 day moving average price is $21.15. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61. The firm has a market capitalization of $332.71 million, a price-to-earnings ratio of 26.10 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LWAY. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com started coverage on shares of Lifeway Foods in a report on Friday. They issued a “hold” rating for the company.

Institutional Trading of Lifeway Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake 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 lifted its holdings in shares of 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 acquiring an additional 1,849 shares during the period. Geode Capital Management LLC boosted its position in shares of Lifeway Foods by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after acquiring an additional 2,018 shares in the last quarter. State Street Corp increased its stake in Lifeway Foods by 28.9% in the third quarter. State Street Corp now owns 53,683 shares of the company’s stock valued at $1,391,000 after acquiring an additional 12,020 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Lifeway Foods in the third quarter worth about $679,000. 36.39% of the stock is currently owned by institutional investors.

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.