Weekly CFO Sells Highlight: THRX, BERY, IPG, PG, ZNGA, TSS

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May 05, 2013
According to GuruFocus Insider Data, the largest CFO sells during the past week were: Theravance Inc., Berry Plastics Group Inc., Interpublic Group of Companies Inc., Procter & Gamble Co., Zynga Inc., and Total System Services Inc.


Theravance Inc. (THRX, Financial): Senior Vice President and CFO Michael W. Aguiar Sold 170,879 Shares


Senior Vice Presidnet and CFO Michael W. Aguiar sold 170,879 shares of THRX stock on April 30, 2013 at the average price of $33.8. Michael W. Aguiar owns at least 142,486 shares after this. The price of the stock has increased by 0.21% since.


Theravance Inc. was incorporated in Delaware in November 1996 under the name Advanced Medicine Inc. and began operations in May 1997. Theravance Inc. has a market cap of $3.41 billion; its shares were traded at around $33.87 with a P/S ratio of 322.58.


Theravance Inc. reported first quarter 2013 revenue of $1.3 million, compared to $127.1 million in the same period of last year. Net loss for this quarter was $37.4 million ($0.39 per share).


CEO Rick E. Winningham sold 255,532 shares of THRX stock on April 30, 2013 at the average price of $33.64. Ten-percent Owner GlaxoSmithKline PLC and other insiders also sold shares of THRX stock over the past week.


Berry Plastics Group Inc. (BERY, Financial): CFO Jim M. Kratochvil Sold 152,342 Shares


CFO Jim M. Kratochvil sold 152,342 shares of BERY stock on April 26, 2013 at the average price of $18.03. Jim M. Kratochvil owns at least 681,048 shares after this. The price of the stock has increased by 8.93% since.


Berry Plastics Group Inc. was incorporated in Delaware on June 26, 2006. Berry Plastics Group Inc. has a market cap of $2.17 billion; its shares were traded at around $19.64 with a P/E ratio of 80 and a P/S ratio of 0.39.


Berry Plastics Group Inc. recently released its second quarter 2013 results. Net sales this quarter declined 3% to $1.15 billion. Adjusted net income was $0.28 per share, compared to $0.16 per share prior year quarter.


Executive Vice President Adam Unfried sold 44,750 shares of BERY stock on May 2, 2013 at the average price of $19.14. Executive Vice President Curt Begle sold 24,200 shares of BERY stock on May 2, 2013 at the average price of $19.06.


Interpublic Group of Companies Inc. (IPG, Financial): Executive Vice President and CFO Frank Mergenthaler Sold 150,000 Shares


Executive Vice President and CFO Frank Mergenthaler sold 150,000 shares of IPG stock on May 1, 2013 at the average price of $13.72. Frank Mergenthaler owns at least 314,434 shares after this. The price of the stock has increased by 2.41% since.


Interpublic Group of Companies Inc. was incorporated in Delaware in September 1930 under the name of McCann-Erickson Inc. as the successor to the advertising agency businesses founded in 1902. Interpublic Group of Companies Inc. has a market cap of $5.97 billion; its shares were traded at around $14.05 with a P/E ratio of 15.85 and P/S ratio of 0.96. The dividend yield of Interpublic Group of Companies Inc. stocks is 1.81%. The company has had an annual average earnings growth of 18.5% over the past 10 years.


Interpublic Group of Companies Inc. reported net loss of $59.2 million in its first quarter of 2013, compared to a net loss of $45.9 million in the prior year quarter. Total revenue grew 2.4% year-over-year to $1.54 billion, and organic revenue increased 2.3%.


Executive Vice President Philippe Krakowsky, and Senior Vice President Christopher F. Carroll have both also sold shares of IPG stock over the past week.


Procter & Gamble Co (PG, Financial): CFO Jon R. Moeller Sold 133,187 Shares


CFO Jon R. Moeller sold 133,187 shares of PG stock on April 30, 2013 at the average price of $77.05. Jon R. Moeller owns at least 70,670 shares after this. The price of the stock has increased by 1.48% since.


Procter & Gamble Co. was incorporated in Ohio in 1905, having been built from a business founded in 1837. Procter & Gamble Co. has a market cap of $213.12 billion; its shares were traded at around $78.19 with a P/E ratio of 19.72 and a P/S ratio of 2.73. The dividend yield of Procter & Gamble Co. stocks is 2.93%. Procter & Gamble Co .had an annual average earnings growth of 5.7% over the past 10 years. GuruFocus rated Procter & Gamble Co. the business predictability rank of 1-star.


Procter & Gamble has released its results for its third quarter 2013 ended this March. Diluted EPS were $0.88 this quarter, an increase of 7% from the prior year quarter. Organic sales grew 3% from last year, with net sales growth of 2% to $20.6 billion. Operating cash flow was $3.9 billion this quarter, and the core gross margin increased 20 basis points. Also during this quarter, the company repurchased $1 billion of stock.


Zynga Inc. (ZNGA, Financial): CFO Mark Vranesh Sold 125,000 Shares


CFO Mark Vranesh sold 125,000 shares of ZNGA stock on May 1, 2013 at the average price of $3.18. Mark Vranesh owns at least 676,892 shares after this. The price of the stock has increased by 1.26% since.


Zynga Inc. originally organized in April 2007 as a California limited liability company under the name Presidio Media LLC, and it converted to a Delaware corporation in October 2007. Zynga Inc. has a market cap of $2.54 billion; its shares were traded at around $3.22 with a P/E ratio of 161.50 and a P/S ratio of 2.03.


Other insiders have also sold shares of ZNGA stock.


Total System Services Inc. (TSS, Financial): Senior Executive Vice President and CFO James B. Lipham Sold 94,247 Shares


Senior Executive Vice President and CFO James B. Lipham sold 94,247 shares of TSS stock on May 2, 2013 at the average price of $23.53. James B. Lipham owns at least 165,352 shares after this. The price of the stock has increased by 1.66% since.


Total System Services Inc. was incorporated in Georgia. Total System Services Inc. has a market cap of $4.41 billion; its shares were traded at around $23.92 with a P/E ratio of 18.55 and a P/S ratio of 2.41. The dividend yield of Total System Services Inc. stocks is 1.67%. Total System Services Inc. had an annual average earnings growth of 5.9% over the past 10 years.


Total System Services Inc. recently reported its first quarter 2013 diluted EPS of $0.30, an 1.7% increase over the same quarter last year. Total revenues were $465 million, an increase of $0.8% year-over-year.


Senior Executive Vice President, General Counsel, Secretary G. Sanders Griffith III, and Executive Vice President Dorenda K. Weaver also sold shares of TSS stock over the past week.


For the complete list of stocks that were sold by their company's CFOs, go to: Insider Buys.