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Weekly Top Insider Buys: The Kroger Co., Paychex Inc., Seattle Genetics Inc., Developers Diversified Realty Corp., and Mentor Graphics Corp.

July 04, 2009 | About:
Jim Nelson

gururk

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Weekly highlight of top insider buys: The Kroger Co. (KR), Paychex Inc. (PAYX), Seattle Genetics Inc. (SGEN), Developers Diversified Realty Corp. (DDR), and Mentor Graphics Corp. (MENT)

For the complete list of stocks that bought by their company executives, go to: Insider Buys.

The Kroger Co. (KR): Director James A Runde Bought 3,000 Shares

Director of The Kroger Co., James A Runde, bought 3,000 shares on 06/26/2009 at an average price of $21.29.

Kroger Company is one of the larger grocery retailers in the United States. The company also manufactures and processes food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement remodeling enlarging or closing. The Kroger Co. has a market cap of $13.89 billion; its shares were traded at around $21.29 with a P/E ratio of 10.6 and P/S ratio of 0.2. The dividend yield of The Kroger Co. stocks is 1.7%. The Kroger Co. had an annual average earning growth of 7.1% over the past 5 years.

Kroger Company is a grocery retailer. The company manufactures and processes food for sale by its supermarkets and intends to develop new food and convenience store locations. The Kroger Co. has a market cap of $14.6 billion; its shares were traded at around $22.38 with a P/E ratio of 11.6 and P/S ratio of 0.2. The dividend yield of The Kroger Co. stocks is 1.7%. The Kroger Co. had an annual average earning growth of 7.1% over the past 5 years.

On June 23, 2009, The Kroger Co. reported net earnings totaled $435.1 million, for the first quarter of fiscal 2009 ended May 23, 2009, compared with net earnings of $386.0 million, or $0.58 per diluted share, in the same period last year. Total sales, including fuel, in the first quarter were $22.8 billion compared with $23.1 billion for the same period last year.

The Kroger Company is in the portfolios of Jean-Marie Eveillard and Ken Heebner.

Last month, Buy: Director  James A Runde bought 3,000 shares of KR stock and the price of the stock has decreased by 4.27%. Sell: Vice President & Treasurer  Scott M Henderson sold 1,313 shares in June as well.

Paychex Inc. (PAYX): Retired Sr. Vice President Walter Turek Bought 153,275 Shares

Retired Sr. Vice President of Paychex Inc., Walter Turek, bought 153,275 shares on 7/01/2009 at an average price of $24.83.

Paychex Inc. is a national provider of payroll human resource and employee benefit outsourcing solutions for small-to medium-sized businesses. The company has two reportable business segments: Payroll and Human Resource Services, and Professional Employer Organization. Paychex Inc. has a market cap of $8.96 billion; its shares were traded at around $24.83 with a P/E ratio of 16.8 and P/S ratio of 4.4. The dividend yield of Paychex Inc. stocks is 4.9%. Paychex Inc. had an annual average earning growth of 17.8% over the past 10 years. GuruFocus rated Paychex Inc. the business predictability rank of 5-star.

Paychex Inc. recently posted results for the fiscal year ended May 31, 2009. Total revenue increased 1% to $2.1 billion. Net income decreased 7% to $533.5 million, while diluted earnings per share decreased 5% to $1.48 per share.

Paychex Inc. is owned by John Hussman and Donald Yacktman.

On Monday, Buy: Retired Sr. Vice President  Walter Turek bought 153,275 shares of PAYX stock and the decreased by 2.97%. Sell: Director  David J S Flaschen , Sell: Director, 10% Owner  B Thomas Golisano , and Sell: Vice President  William G Kuchta all sold shares in the last two months, and Sell: Director, 10% Owner  B Thomas Golisano sold 501 in February.

Seattle Genetics Inc. (SGEN): Director Srinivas Akkaraju Bought 5,500 Shares

Director of Seattle Genetics Inc. (SGEN) Srinivas Akkaraju bought 5,500 shares on 06/25/2009 at an average price of $9.33.

Seattle Genetic develops monoclonal, antibody-based drugs to treat cancer and related diseases. Using its technologies and its expertise in cancer, the company has assembled a portfolio of drug candidates targeted to many types of human cancers. Seattle Genetics Inc. has a market cap of $799 million; its shares were traded at around $9.33 with and P/S ratio of 22.6. Seattle Genetics Inc. had an annual average earning growth of 0.7% over the past 5 years.

On April 23, 2009, Seattle Genetics Inc. reported financial results for the first quarter of 2009. Revenues in the first quarter of 2009 were $9.1 million, up from $7.1 million in the first quarter of 2008. Net loss for the first quarter of 2009 was $27.3 million, or $0.33 per share, compared to $17.1 million, or $0.22 per share, for the first quarter of 2008.

Seattle Genetics Inc. is in the portfolio of Jean-Marie Eveillard.

Buy: Director  Srinivas Akkaraju , Buy: Director, 10% Owner  Biotech Capital (gp), Ll Baker , Buy: Director, 10% Owner  Brothers Life Sciences C Baker , Buy: Director, 10% Owner  Capital (gp), Llc 14159 , and color=green]Buy:[/color] Director, 10% Owner  Bros. Capital (gp), Llc Baker all bought shares in the past two months.

Developers Diversified Realty Corp. (DDR): Director Robert H Gidel Bought 5,000 Shares

Director of Developers Diversified Realty Corp., Robert H Gidel, bought 5,000 shares on 06/29/2009 at an average price of $4.73.

Developers Diversified Realty is a self administered and self managed real estate investment trust engaged in acquiring owning developing redeveloping managing and operating shopping and business centers. Developers Diversified Realty Corp. has a market cap of $726.7 million; its shares were traded at around $4.73 with a P/E ratio of 1.6 and P/S ratio of 0.7. The dividend yield of Developers Diversified Realty Corp. stocks is 16.9%. Developers Diversified Realty Corp. had an annual average earning growth of 6.3% over the past 10 years. GuruFocus rated Developers Diversified Realty Corp. the business predictability rank of 4-star.

On April 23, 2009, Developers Diversified Realty Corp. posted financial results for the quarter ended March 31, 2009. Net income was $76.8 million compared to $29.6 million of the year before.

Developers Diversified Realty Corp. is owned one Guru- Ken Heebner.

Buy: Director  Robert H Gidel and Buy: Exec. Vice President  Joan U Allgood both bought shares in the past two months. Buy: Director  Robert H Gidel also bought shares in March and April.

Mentor Graphics Corp. (MENT): President & Director Gregory K Hinckley Bought 20,000 Shares

President & Director of Mentor Graphics Corp., Gregory K Hinckley, bought 20,000 shares during the past week at an average price of $6.25.

Mentor Graphics Corp. designs, manufactures, markets, and supports electronic design automation software for the integrated circuit and systems design markets. Mentor Graphics Corp. has a market cap of $588.3 million; its shares were traded at around $6.25 with a P/E ratio of 23.1 and P/S ratio of 0.7. Mentor Graphics Corp. had an annual average earning growth of 6.1% over the past 5 years.

On May 29, 2009, Mentor Graphics Corporation announced results for the fiscal first quarter 2010, ending April 30, 2009. For the quarter, the company reported revenues of $193.8 million, non-GAAP earnings per share of $.09, and a GAAP loss per share of $.14. Bookings for the quarter rose 25% over the prior fiscal first quarter.

Mentor Graphics Corp. is owned by two Gurus: Kenneth Fisher and Bruce Sherman.

Buy: President & Director  Gregory K Hinckley bought 20,000 shares of MENT stock on 06/29/09; the price of the stock has increased by 22.31% since.

Director  James R Fiebiger and Buy: Director  Marsha B Congdon both bought shares in March.


Rating: 2.9/5 (13 votes)

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