Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $235,100.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 10,000 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $23.51, for a total transaction of $235,100.00. Following the completion of the sale, the insider now directly owns 955,823 shares of the company's stock, valued at approximately $22,471,398.73. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Monday, April 14th, Ludmila Smolyansky sold 8,376 shares of Lifeway Foods stock. The shares were sold at an average price of $23.62, for a total value of $197,841.12.
• On Tuesday, February 11th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $21.31, for a total value of $213,100.00.
• 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 Wednesday, January 15th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $22.67, for a total transaction of $226,700.00.

Lifeway Foods Stock Down 0.7 %

Shares of LWAY stock traded down $0.17 on Friday, hitting $23.72. The stock had a trading volume of 56,414 shares, compared to its average volume of 128,029. Lifeway Foods, Inc. has a one year low of $10.06 and a one year high of $28.61. The business has a 50 day moving average price of $22.68 and a 200 day moving average price of $23.73. The company has a market cap of $360.62 million, a PE ratio of 27.58 and a beta of 0.93.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.19). The business had revenue of $46.93 million during the quarter, compared to analysts' expectations of $48.00 million. Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Lifeway Foods in a research note on Tuesday. They set a "hold" rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LWAY. BNP Paribas Financial Markets lifted its stake in shares of Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock worth $72,000 after purchasing an additional 1,155 shares during the last quarter. State Street Corp lifted its position in shares of Lifeway Foods by 28.9% during the third quarter. State Street Corp now owns 53,683 shares of the company's stock valued at $1,391,000 after buying an additional 12,020 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 buying an additional 8,658 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Lifeway Foods by 1.8% in 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 during the last quarter. Finally, Barclays PLC grew its position in shares of Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after buying an additional 1,849 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

About Lifeway Foods

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.