Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $1,057,050.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 45,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00. Following the sale, the insider now directly owns 1,025,549 shares of the company’s stock, valued at approximately $24,090,146.01. This trade represents a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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 Trading Down 0.4 %

NASDAQ:LWAY opened at $23.00 on Friday. Lifeway Foods, Inc. has a 12 month low of $9.93 and a 12 month high of $28.61. The company has a 50-day moving average price of $24.15 and a 200-day moving average price of $20.66. The stock has a market cap of $340.77 million, a price-to-earnings ratio of 26.74 and a beta of 1.02.

Institutional Trading of Lifeway Foods

Several large investors have recently bought and sold shares of LWAY. Renaissance Technologies LLC lifted its stake in shares of Lifeway Foods by 7.1% in the 2nd quarter. Renaissance Technologies LLC now owns 454,682 shares of the company’s stock valued at $5,806,000 after purchasing an additional 30,000 shares during the period. Geode Capital Management LLC raised its holdings in Lifeway Foods by 1.8% in the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock worth $3,006,000 after purchasing an additional 2,018 shares in the last quarter. Marshall Wace LLP lifted its position in Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after buying an additional 32,742 shares during the period. De Lisle Partners LLP grew its position in shares of Lifeway Foods by 30.7% in the 3rd quarter. De Lisle Partners LLP now owns 59,782 shares of the company’s stock worth $1,552,000 after buying an additional 14,051 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Lifeway Foods by 56.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock worth $748,000 after buying an additional 21,168 shares during the period. 36.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on LWAY. StockNews.com began coverage on shares of Lifeway Foods in a research note on Thursday. They set a “hold” rating for the company. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

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.