Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 100,000 shares of the firm's stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $30.11, for a total value of $3,011,000.00. Following the completion of the transaction, the insider owned 507,207 shares of the company's stock, valued at approximately $15,272,002.77. This represents a 16.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Ludmila Smolyansky also recently made the following trade(s):
- On Thursday, June 25th, Ludmila Smolyansky sold 45,616 shares of Lifeway Foods stock. The stock was sold at an average price of $29.65, for a total value of $1,352,514.40.
- On Wednesday, June 24th, Ludmila Smolyansky sold 40,000 shares of Lifeway Foods stock. The stock was sold at an average price of $30.12, for a total transaction of $1,204,800.00.
- On Friday, May 15th, Ludmila Smolyansky sold 20,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.64, for a total transaction of $492,800.00.
Lifeway Foods Price Performance
Shares of NASDAQ LWAY opened at $30.77 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $27.62 and its 200 day moving average price is $24.40. Lifeway Foods, Inc. has a 52 week low of $17.31 and a 52 week high of $34.20. The stock has a market cap of $470.23 million, a price-to-earnings ratio of 31.72 and a beta of 0.45.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.30. Lifeway Foods had a net margin of 6.54% and a return on equity of 17.76%. The company had revenue of $63.01 million during the quarter, compared to analysts' expectations of $60.80 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LWAY. Larson Financial Group LLC purchased a new stake in shares of Lifeway Foods during the third quarter worth about $31,000. BNP Paribas Financial Markets lifted its stake in shares of Lifeway Foods by 577.3% during the second quarter. BNP Paribas Financial Markets now owns 1,551 shares of the company's stock valued at $38,000 after buying an additional 1,322 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Lifeway Foods during the second quarter valued at approximately $40,000. State of Alaska Department of Revenue boosted its position in Lifeway Foods by 302.0% during the fourth quarter. State of Alaska Department of Revenue now owns 2,967 shares of the company's stock worth $71,000 after acquiring an additional 2,229 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Lifeway Foods during the first quarter worth approximately $90,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LWAY has been the topic of a number of recent research reports. Weiss Ratings raised Lifeway Foods from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, May 14th. Benchmark reissued a "buy" rating on shares of Lifeway Foods in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.33.
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About Lifeway Foods
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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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