Lifeway Foods (NASDAQ:LWAY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report published on Sunday morning. The brokerage issued a hold rating on the stock.

Lifeway Foods Trading Down 0.5 %

LWAY opened at $22.82 on Friday. Lifeway Foods has a 1-year low of $9.93 and a 1-year high of $28.61. The business has a 50 day moving average of $23.54 and a 200-day moving average of $22.13. The stock has a market capitalization of $338.19 million, a price-to-earnings ratio of 26.53 and a beta of 1.01.

Insiders Place Their Bets

In related news, major shareholder Ludmila Smolyansky sold 45,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.49, for a total value of $1,057,050.00. Following the completion of the transaction, the insider now directly owns 1,025,549 shares in the company, valued at approximately $24,090,146.01. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 112,034 shares of company stock worth $2,584,117 in the last ninety days. Insiders own 18.86% of the company’s stock.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors and hedge funds have recently bought and sold shares of LWAY. Bank of New York Mellon Corp lifted its holdings in shares of Lifeway Foods by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 55,841 shares of the company’s stock worth $1,385,000 after acquiring an additional 868 shares during the period. Rhumbline Advisers raised its position in Lifeway Foods by 23.3% in the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company’s stock worth $139,000 after purchasing an additional 1,059 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Lifeway Foods by 451.4% during the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock worth $274,000 after purchasing an additional 8,658 shares during the period. Barclays PLC boosted its holdings in 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 purchasing an additional 1,849 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake 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 valued at $3,006,000 after purchasing an additional 2,018 shares during the period. Institutional investors own 36.39% of the company’s stock.

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.