The largest Insider Buys this week were for McDonald's Corp. (MCD, Financial), MetLife Inc. (MET, Financial), Analog Devices Inc. (ADI, Financial) and Range Resources Corp. (RRC, Financial).
McDonald's Corp. (MCD, Financial): Director John J. Mulligan bought 1,600 shares
Director John J. Mulligan bought 1,600 shares of McDonald's stock on March 22 at the average price of $128.94. The price of the stock has increased by 0.31% since.
McDonald's Corp. is an American international hamburger and fast food restaurant chain. McDonald’s is one of the world’s largest restaurant chains, serving approximately 68 million customers per day across 36,899 outlets in over 120 countries. The company’s revenues primarily come from the rent, royalties and fees paid by the franchisees, augmented by sales in company operated restaurants. The company has a market cap of $105.93 billion, and as of March 24 it traded at $129.34.
On Jan. 8, McDonald's Corp. announced that it has entered a partnership with CITIC Limited, CITIC Capital Holdings and the Carlyle Group to expand in mainland China and Hong Kong. The partnership will create a company that will act as the master franchisee responsible for McDonald’s businesses in China and Hong Kong for a term of 20 years. The total consideration payable by the new company to acquire McDonald’s mainland China and Hong Kong businesses is $2.08 billion, settled by cash. After the completion of the transaction, CITIC and CITIC Capital will have a controlling stake of 52%, while Carlyle and McDonald’s will have interests of 28% and 20%, respectively.
MetLife Inc. (MET, Financial): Director James M. Kilts bought 17,205 shares
Director James M. Kilts bought 17,205 shares of MetLife stock on March 22 at the average price of $51.13. The price of the stock has increased by 1.72% since.
MetLife Inc. is an American international provider of financial services such as insurance, annuities and employee benefit programs. The company is one of the largest financial services providers in the world with 90 million customers in over 60 countries as of 2015. MetLife Inc. holds leading market positions in the United States, Japan, Latin America and Europe markets through its subsidiaries and affiliates. The company has a market cap of $56.55 billion, and as of March 24 it traded at $52.01.
On March 2, MetLife Inc. announced that it has originated $3.6 billion in domestic agricultural loans in 2016 through its subsidiaries and affiliates. MetLife’s Agricultural Finance Group is one of largest agricultural mortgage lenders in the nation with a loan portfolio at year end 2016 of $14.7 billion. In 2016, the company’s average loan-to-value ratio of its agricultural mortgage portfolio remained at 43%.
Analog Devices Inc. (ADI, Financial): Director Bruce R. Evans bought 25,000 shares
Director Bruce R. Evans bought 25,000 shares of Analog Devices Inc. stock on March 17 at the average price of $83.12. The price of the stock has decreased by 1.78% since.
Analog Devices Inc. is an international semiconductor company that specializes in data conversion and signal processing technology. It is headquartered in Norwood, Massachusetts. In 2012, the company led the worldwide data converter market with a 48.5% share. The company has a market cap of $29.81 billion, and as of March 24 it traded at $81.64.
On March 23, Analog Devices Inc. announced the availability of the ADM1272, a +48V hot swap controller and power monitor. The product provides reliable plug-in board protection in mission critical systems, such as servers and communication equipment. Thus, it ensures protection against system faults and system resets from transients up to 120V, which minimizes system downtime.
Range Resources Corp (RRC, Financial): Director Christopher A. Helms bought 4,000 shares
Director Christopher A. Helms bought 4,000 shares of Range Resources Corp. stock on March 17 at the average price of $27.46. The price of the stock has increased by 0.8% since.
Range Resources Corp. is an American petroleum and natural gas exploration and production company. As of Dec. 31, 2016, the company had 12.1 trillion cubic feet of natural gas equivalent of estimated reserves, of which 65% was natural gas and 31% was natural gas liquids. The remaining 4% of reserve was petroleum. As of 2016, the company had a total asset worth of $11.28 billion. The company has a market cap of $6.85 billion, and as of March 24 it traded at $27.68.
On March 1, Range Resources Corp. announced that its board of directors declared a quarterly cash dividend on its common stock for the first quarter. A dividend of 2 cents per common share is payable on March 31 to stockholders of record at the close of business on March 15.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
