Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Ludmila Smolyansky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $18.74, for a total transaction of $187,400.00. Following the completion of the transaction, the insider owned 747,823 shares in the company, valued at approximately $14,014,203.02. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 Tuesday, December 23rd, Ludmila Smolyansky sold 26,431 shares of Lifeway Foods stock. The stock was sold at an average price of $24.42, for a total value of $645,445.02.
Lifeway Foods Stock Down 0.2%
LWAY stock opened at $17.80 on Friday. The business has a fifty day simple moving average of $21.55 and a 200-day simple moving average of $24.16. The company has a market cap of $269.67 million, a price-to-earnings ratio of 19.78 and a beta of 0.13. Lifeway Foods, Inc. has a 52 week low of $17.31 and a 52 week high of $34.20.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Lifeway Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley set a $35.00 price target on Lifeway Foods in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c)” rating on shares of Lifeway Foods in a research note on Monday, December 29th. Finally, Benchmark reaffirmed a “buy” rating on shares of Lifeway Foods in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.
Read Our Latest Analysis on LWAY
Institutional Trading of Lifeway Foods
A number of large investors have recently modified their holdings of LWAY. Strs Ohio acquired a new position in Lifeway Foods during the 1st quarter valued at about $90,000. Rhumbline Advisers increased its stake in shares of Lifeway Foods by 8.2% in the first quarter. Rhumbline Advisers now owns 6,068 shares of the company’s stock valued at $148,000 after purchasing an additional 462 shares during the period. Geode Capital Management LLC raised its holdings in shares of Lifeway Foods by 6.6% during the second quarter. Geode Capital Management LLC now owns 124,726 shares of the company’s stock valued at $3,075,000 after buying an additional 7,718 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Lifeway Foods by 293.6% during the second quarter. JPMorgan Chase & Co. now owns 13,472 shares of the company’s stock valued at $332,000 after buying an additional 10,049 shares during the last quarter. Finally, Carlson Capital L.P. bought a new stake in shares of Lifeway Foods during the second quarter valued at approximately $246,000. Institutional investors and hedge funds own 36.39% of the company’s stock.
About Lifeway Foods
Lifeway Foods, Inc (NASDAQ: LWAY) is a Chicago-based food company specializing in probiotic-rich cultured dairy products. Established in 1986 by Michael Smolyansky, the company pioneered the introduction of kefir to the U.S. market. Under the leadership of CEO Julie Smolyansky, who succeeded her father in 2002, Lifeway has grown from a single product operation into a diversified portfolio of fermented foods and beverages aimed at promoting digestive health and wellness.
The company’s flagship product is kefir, a cultured milk beverage naturally rich in probiotics, vitamins and minerals.
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