The largest Insider Buys this week were for Kellogg Co. (K, Financial), Newell Brands Inc. (NWL, Financial), MercadoLibre Inc. (MELI, Financial), and Mid-America Apartment Communities Inc. (MAA, Financial).
Kellogg Co. (K, Financial): CFO Fareed A. Khan Bought 8,080 Shares
CFO Fareed A. Khan bought 8,080 shares of K stock on May 22 at the average price of $61.78. The price of the stock has increased by 5.58% since.
Kellogg Co. is an American international food manufacturing company that focuses on producing cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and vegetarian foods. The company has a market capitalization of $22.62 billion, and as of May 25 it traded at $65.23.
On May 3 Kellogg Co. announced its 2018 first quarter results. Net sales for the quarter ended March 31 was $3.401 billion, compared to $3.248 billion during the same quarter prior year. Reported operating profit for the quarter was $510 million, compared to $280 million during the same quarter prior year. Diluted earnings per share was $1.27 for the quarter, compared to $0.75 during the same quarter last year.
Newell Brands Inc. (NWL, Financial): Director Michael Todman Bought 4,000 Shares
Director Michael Todman bought 4,000 shares of NWL stock on May 21 at the average price of $26.53. The price of the stock has decreased by 4.79% since.
Newell Brands Inc. is an American international marketer of consumer and commercial brands. Some the brands it has acquired include Rubbermaid, Contigo and Bubba, Coleman outdoor products, Diamond matches, Sharpie, and PaperMate. The company has a market capitalization of $12.27 billion, and as of May 25 it traded at $25.26.
On May 15 Newell Brands Inc. declared a quarterly cash dividend of $0.23 per share. The dividend is payable on June 15 to common stockholders of record at the close of business on May 31.
MercadoLibre Inc. (MELI, Financial): Director Meyer Malka Bought 1,708 Shares
Director Meyer Malka bought 1,708 shares of MELI stock on May 22 at the average price of $292.65. The price of the stock has increased by 7.53% since.
MercadoLibre Inc. is an Argentine international e-commerce company incorporated in the U.S. that operates online auctions and marketplaces. The company is Latin America’s most popular e-commerce site and has operations in Brazil, Argentina, Bolivia, Peru, and Panama, among other countries. The company has a market capitalization of $13.9 billion, and as of May 25 it traded at $314.70.
On May 9 MercadoLibre Inc. reported financial results for the first quarter of 2018 ended March 31. Gross merchandise volume reached $3.126 billion, a 34.0% year over year increase. Unique buyers increased 28% year over year, while live listings offered on the online marketplace grew to $127.1 million in the first quarter of 2018, a 50% year over year increase.
Mid-America Apartment Communities Inc. (MAA, Financial): Director William Reid Sanders Bought 2,800 Shares
Director William Reid Sanders bought 2,800 shares of MAA stock on May 21 at the average price of $87.92. The price of the stock has increased by 4.12% since.
Mid-America Apartment Communities Inc. is an American real estate investment trust that invests in apartments in the Southeastern and Southwestern United States. As of Dec. 31, 2017, the company owns 302 apartment communities containing 99,523 apartment units. The company has a market capitalization of $10.42 billion, and as of May 25 it traded at $91.54.
On May 22 Mid-America Apartment Communities Inc. announced that its board of directors approved a quarterly dividend of $0.9225 per common share to be paid on July 31 to shareholders of record on July 13. This will be the 98th consecutive quarter MAA has paid a cash dividend on its shares of common stock.
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.
