Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky Sells 50,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 50,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $22.07, for a total transaction of $1,103,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,132,483 shares of the company’s stock, valued at approximately $47,063,899.81. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lifeway Foods Price Performance

LWAY stock opened at $22.44 on Wednesday. Lifeway Foods, Inc. has a 1 year low of $10.06 and a 1 year high of $27.29. The company has a market cap of $341.16 million, a P/E ratio of 26.09 and a beta of 0.75. The firm has a 50-day moving average of $23.50 and a 200 day moving average of $23.23.

Lifeway Foods (NASDAQ:LWAY) last announced its earnings results on Tuesday, May 13th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%. The business had revenue of $46.09 million during the quarter, compared to the consensus estimate of $48.50 million.

Hedge Funds Weigh In On Lifeway Foods

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in shares of Lifeway Foods by 33.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company’s stock valued at $71,000 after purchasing an additional 718 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Lifeway Foods during the first quarter valued at approximately $78,000. Rhumbline Advisers grew its holdings in shares of Lifeway Foods by 23.3% during the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company’s stock valued at $139,000 after buying an additional 1,059 shares during the last quarter. Barclays PLC grew its holdings in shares of Lifeway Foods by 40.5% during 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 last quarter. Finally, Sagefield Capital LP purchased a new stake in shares of Lifeway Foods during the fourth quarter valued at approximately $211,000. Institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Lifeway Foods in a research note on Saturday. They issued a “hold” rating for the company.

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.