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Shuda Xia
Shuda Xia
Articles (413) 

Top Insider Buys Highlight for the Week of Aug. 14

Insiders load up on Pfizer, Mondelez, Sempra Energy and Rocket Companies

August 15, 2020 | About:

The largest insider buys this week were for Pfizer Inc. (NYSE:PFE), Mondelez International Inc. (NASDAQ:MDLZ), Sempra Energy (NYSE:SRE) and Rocket Companies Inc. (NYSE:RKT).

Pfizer director bought 13,000 shares

Director Ronald E. Blaylock bought 13,000 shares of Pfizer on Aug. 6 for an average price of $38.55. The share price has decreased by 1.27% since then.

Pfizer is a pharmaceutical corporation that focuses on developing and producing medicines and vaccines for a wide range of medical fields, including immunology, cardiology, oncology and neurology. The company is also a component of the S&P 100. The company has a market capitalization of $211.49 billion; as of Aug. 14, it traded at $38.06.

On Aug. 7, Pfizer announced a multiyear agreement with Gilead Sciences Inc. (GILD) to manufacture and supply Gilead's investigational antiviral drug remdesivir to support efforts to scale up the supply of the investigational treatment for Covid-19. Under the agreement, Pfizer will provide contract manufacturing services at the company's McPherson, Kansas facility to manufacture and supply remdesivir for Gilead.

Mondelez International director bought 3,500 shares

Director Charles E. Bunch bought 3,500 shares of Mondelez on Aug. 11 for an average price of $55.2. The stock has gained 1.67% since then.

Mondelez International is a confectionary, food and beverage company. The company includes the global snack and food brands of Kraft Foods Inc. and is also a component of the Nasdaq-100 and the S&P 100. The company has a market capitalization of $80.16 billion; as of Aug. 14, it traded at $56.12.

On July 28, Mondelez reported financial results for the second quarter of 2020. Net revenues totaled $5.911 billion, a 2.5% decrease compared to the prior year. Operating income for the quarter totaled $713 million, a 30.4% decrease. Net earnings were $544 million, a 32.3% decrease.

Sempra Energy director bought 2,700 shares

Director Andres Conesa bought 2,700 shares of Sempra Energy stock on Aug. 7 for an average price of $129.44. Since then, the share price has increased by 1.89%.

Sempra Energy is an American international utility company that focuses on electric and natural gas infrastructure. The company owns several operating companies, including Southern California Gas Co., San Diego Gas & Electric and Oncor Electric Delivery Co. The company has a market capitalization of $38.15 billion; as of Aug. 14, it traded at $131.89.

On Aug. 10, Sempra Energy announced the company has donated $150,000 to the Houston Food Bank, supporting its Food for Change program to provide relief aid to vulnerable populations in the Houston community. The donation is the latest in a series of community investments the company has made for local Texas communities. In March, the company launched a Covid-19 Nonprofit Hardship Fund.

Rocket Companies director bought 35,000 shares

Director Nancy Tellem bought 35,000 shares of Rocket Companies on Aug. 10 for an average price of $18. The stock has gained 5.33% since then.

Rocket Companies is a financial technologies and mortgage lending company that is the largest overall retail lender in the U.S. The company focuses on wholesale funding to make its loans and uses online applications rather than a branch system. The company has a market capitalization of $37.61 billion; as of Aug. 14, it traded at $18.96.

On Aug. 5, Rocket Companies announced the pricing of its initial public offering of 100,000,000 shares of its Class A common stock at a price of $18 per share. The shares began trading on the New York Stock Exchange on Aug. 6 and closed on Aug. 10.

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.

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