Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Ludmila Smolyansky, a member of a 10% owner group at Lifeway Foods , Inc. (NASDAQ:LWAY), has sold a significant portion of the company’s stock. According to a recent filing, Smolyansky sold 25,000 shares over two days, with transactions taking place on April 10 and April 11. The company, currently valued at $368 million, has shown strong financial performance according to InvestingPro data, with a "GREAT" financial health score. The shares were sold at prices ranging between $23.38 and $23.51, amounting to a total transaction value of approximately $585,800. The stock currently trades at $24.19, near its 52-week high of $28.61, with a relatively high P/E ratio of 39x.
Following these sales, Smolyansky holds 940,823 shares indirectly through the Ludmila Smolyansky Trust, where she serves as trustee. Additional holdings include shares in The Smolyansky Family Foundation and The Ludmila and Edward Smolyansky Family Foundation, where she holds trustee and director roles, respectively. The company maintains strong fundamentals with a healthy balance sheet and is expected to report its next earnings on May 19, 2025.
In other recent news, Lifeway Foods reported a record year for 2024, with notable increases in top-line revenue, net income, and EBITDA. The company also noted a 17% increase in gross sales for the last week of February 2025 compared to the same period in 2024. Amid these financial developments, Lifeway Foods is resisting a hostile takeover attempt by Danone (EPA:DANO), which the company claims undervalues its worth. Lifeway Foods has accused Danone of using undue influence to pressure the board and shareholders into an unfavorable deal. In a separate development, Lifeway Foods has streamlined its operations by eliminating the Senior Executive Vice President of Sales position, previously held by Amy Feldman, to integrate its responsibilities into the existing sales team. This decision was disclosed in a recent SEC 8-K filing, classifying Feldman’s departure as a termination without cause. Additionally, Lifeway Foods is addressing public misstatements made by Edward and Ludmila Smolyansky, with legal actions taken to maintain the accuracy of its communications. The Smolyanskys, who own a significant portion of Lifeway’s stock, have called for changes in the company’s governance and transparency, submitting a slate of board nominees for the upcoming 2025 Annual Meeting.
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