Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Sells $1,103,500.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 50,000 shares of the business’s 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. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lifeway Foods Stock Performance

Shares of NASDAQ LWAY opened at $22.30 on Friday. 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 $339.03 million, a PE ratio of 25.93 and a beta of 0.75. The company has a 50-day moving average of $23.53 and a two-hundred day moving average of $23.20.

Lifeway Foods (NASDAQ:LWAY) last announced its earnings results on Tuesday, May 13th. The company reported $0.23 earnings per share for the quarter, topping 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 company had revenue of $46.09 million during the quarter, compared to the consensus estimate of $48.50 million.

Institutional Investors Weigh In On Lifeway Foods

Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in shares of Lifeway Foods by 33.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company’s stock worth $71,000 after buying an additional 718 shares during the period. Deutsche Bank AG acquired a new stake in shares of Lifeway Foods during the 1st quarter worth approximately $78,000. Rhumbline Advisers grew its position in shares of Lifeway Foods by 23.3% during the 4th quarter. Rhumbline Advisers now owns 5,606 shares of the company’s stock worth $139,000 after buying an additional 1,059 shares during the period. Barclays PLC grew its position in shares of Lifeway Foods by 40.5% during 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 period. Finally, Sagefield Capital LP acquired a new stake in shares of Lifeway Foods during the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of Lifeway Foods in a research note on Saturday, May 17th. They issued a “hold” rating for the company.

Lifeway Foods Company Profile

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.