Insiders Sell ConAgra, Liberty Interactive, Las Vegas Sands, Perrigo

Highlighting the biggest insider sells in the past week

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Jan 12, 2016
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According to GuruFocus' Insider Data, the largest insider sells during the past week were: ConAgra Foods Inc. (CAG, Financial), Liberty Interactive Corp. (QVCA, Financial), Las Vegas Sands Corp. (LVS, Financial) and Perrigo Co. PLC (PRGO, Financial).

The overall trend of insiders is illustrated in the chart below:

ConAgra Foods Inc.: EVP and CFO John Gehring sold 320,000 shares

EVP and CFO John Gehring sold 320,000 shares of ConAgra stock on Jan. 6 at the average price of $41.67 per share. Gehring owns at least 192,495 shares. The price of the stock has decreased by 3.55% since the sale.

ConAgra has a market cap of $17.45 billion. Its shares were traded at around $40.19 with a P/S ratio of 1.25. The dividend yield of ConAgra stocks is 2.49%.

ConAgra has released its fiscal second quarter 2016 results ended Nov. 29, 2015. Diluted EPS from continuing operations was 37 cents for this quarter, compared with 49 cents in the year-ago period. Adjusted diluted EPS was 71 cents versus 61 cents in the year-ago quarter. The company reported total sales of $3.09 billion, which represents a 1.4% decrease over the prior year quarter.

SVP, Treasurer and Assistant Secretary Scott E. Messel and SVP, Corporate Controller Robert G. Wise sold shares of ConAgra on Jan. 6.

Liberty Interactive Corp.: Director Michael A. George sold 186,000 shares

Director Michael A. George sold 186,000 shares of Liberty Interactive stock on Jan. 5 at the average price of $29.66 per share. George owns at least 931,179 shares, and the price of the stock has decreased by 14.03% since the sale.

Liberty Interactive owns interests in subsidiaries and other companies engaged in the video and online commerce industries. The company has a market cap of $16.29 billion; its shares were traded at around $25.50 with a P/E ratio of 18.76 and a P/S ratio of 1.59. Liberty Interactive had an annual average earnings growth of 16.90% over the past 10 years.

For its third quarter of 2015, Liberty Interactive reported total net revenue of $2.15 billion and operating income of $247 million. This compares to revenue of $2.33 billion and operating income of $239 million for the same quarter of 2014. Net earnings attributable to shareholders was $190 million for the third quarter of 2015 compared with $120 million for the year-ago quarter.

Chairman of the Board, 10% Owner John C. Malone sold 128,000 shares of Liberty Interactive stock on Jan. 4 at the average price of $30.14.

Las Vegas Sands Corp.: President and COO Robert G. Goldstein sold 97,943 shares

President and COO Robert G. Goldstein sold 97,943 shares of LVS stock on Jan. 4 at the average price of $42.25 per share. The price of the stock has decreased by 7.72% since.

Las Vegas Sands has a market cap of $31.03 billion; its shares were traded at around $38.99 apiece with a P/E ratio of 13.99 and a P/S ratio of 2.54. The dividend yield of Las Vegas Sands stocks is 6.67%. The company had an annual average earnings growth of 14.10% over the past 10 years.

Las Vegas Sands has reported its third quarter 2015 results. Net revenue for the third quarter was $2.89 billion, a decrease of 18.1% compared to the $3.53 billion generated in the year-ago period. GAAP operating income decreased 23.9% to $739.1 million, and diluted EPS decreased 21.7% to 65 cents. The company paid dividends of 65 cents for this quarter, an increase of 30% over the same period a year ago.

President and CEO/Marina Bay Sands George Tanasijevich sold 6,341 shares of Las Vegas Sands stock on Dec. 31, 2015, at the average price of $43.77 per share.

Perrigo Co. PLC: Executive VP and CFO Judy L. Brown sold 27,737 shares

Executive VP and CFO Judy L. Brown sold 27,737 shares of Perrigo stock on Jan. 6 at the average price of $142.41. The price of the stock has increased by 0.84% since the sale.

Perrigo has a market cap of $21.02 billion, and its shares were traded at around $143.61 with a P/E ratio of 144.34 and a P/S ratio of 4.11. The dividend yield of Perrigo stocks is 0.36%. The company had an annual average earnings growth of 13.90% over the past five years.

Perrigo reported third quarter 2015 net sales of $1.34 billion which represents growth of 41% year over year. Adjusted net income increased 38% to $258 million, with adjusted diluted EPS up 26% to $1.76. The company recently released its guidance for its full-year 2016 adjusted EPS which it expects to be in a range of $9.50 to $10.10, an increase of 24% to 29% over 2015.

Chairman Joseph C. Papa sold 10,183 shares of Perrigo stock on Dec. 28, 2015, at the average price of $147.07 per share.

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