Ludmila Smolyansky Sells 10,000 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $22.67, for a total transaction of $226,700.00. Following the completion of the sale, the insider now owns 985,549 shares in the company, valued at approximately $22,342,395.83. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 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 17th, Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock. The stock was sold at an average price of $22.55, for a total transaction of $271,366.70.
• 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 value 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 value 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 Performance

NASDAQ:LWAY opened at $22.45 on Friday. Lifeway Foods, Inc. has a 52 week low of $9.93 and a 52 week high of $28.61. The firm’s fifty day moving average is $23.77 and its 200-day moving average is $21.15. The firm has a market cap of $332.71 million, a P/E ratio of 26.10 and a beta of 1.02.

Institutional Trading of Lifeway Foods

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Lifeway Foods by 451.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock valued at $274,000 after purchasing an additional 8,658 shares during the period. Barclays PLC lifted its stake in Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after buying an additional 1,849 shares during the period. Geode Capital Management LLC boosted its holdings 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 worth $3,006,000 after buying an additional 2,018 shares in the last quarter. State Street Corp boosted its stake in Lifeway Foods by 28.9% during the third quarter. State Street Corp now owns 53,683 shares of the company’s stock worth $1,391,000 after acquiring an additional 12,020 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Lifeway Foods in the third quarter valued at $679,000. Institutional investors own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LWAY shares. Noble Financial cut shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. StockNews.com assumed coverage on Lifeway Foods in a research report on Friday. They set a “hold” rating for the company.

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.