The largest Insider Buys this week were Medtronic PLC (MDT, Financial), Starbucks Corp. (SBUX, Financial), Advance Auto Parts Inc. (AAP, Financial) and Andeavor Logistics LP (ANDX, Financial).
Medtronic director bought 2,600 shares
Director Richard H. Anderson bought 2,600 shares on Aug. 23 at the average price of $95.88 per share. The stock price has decreased by 0.34% since then.Ă‚
Medtronic is an international medical instrument company headquartered in Ireland. The company has a market capitalization of $129.16 billion; as of Aug. 24, it traded at $95.55.
On Aug. 24, Medtronic announced its board of directors approved a cash dividend of 50 cents per ordinary share for the second quarter of fiscal 2019. This represents a 9% increase over the prior year. The dividend is payable on Oct. 19 to shareholders of record at the close of business on Sept. 28.
Starbucks group president and chief operating officer bought 5,000 shares
Group President and COO Rosalind G. Brewer bought 5,000 shares on Aug. 20 at the average price of $54.04 per share. Since then, the stock price has decreased by 2.39%.
Starbucks is an American international coffee company and coffeehouse chain. The company has a market capitalization of $71.17 billion; as of Aug. 24, it traded at $52.75.
On Aug. 2, Starbucks announced it has formed a strategic partnership with Alibaba (BABA) in order to transform the coffee industry in China. The company plans to pilot delivery services beginning in September, establish “Starbucks Delivery Kitchens” for delivery order fulfillment and to integrate multiple platforms in order to create a virtual store.
Advance Auto Parts director bought 1,250 shares
Director Nigel Travis bought 1,250 shares on Aug. 17 at the average price of $159.7 per share. The stock price has increased by 2.92% since then.
Advance Auto Parts is the largest retailer of aftermarket automotive parts and accessories in the United States. The company has a market capitalization of $12.18 billion; as of Aug. 24, it traded at $164.36.
On Aug. 13, Advance Auto announced the appointments of Jeffrey W. Shepherd to executive vice president and chief financial officer and Reuben E. Slone to executive vice president, supply chain. Furthermore, Nigel Travis, the executive chairman of Dunkin Brands (DNKN), was appointed to the company’s board of directors.
Andeavor Logistics director bought 87,768 shares
Director Jeff A. Stevens bought 19,512 shares on Aug. 23 at the average price of $49.94 per share. The stock price has increased by 1.1% since then.
Andeavor is an American full-service logistics company that operates mostly in the western and mid-continent regions of the United States. The company owns and operates a network of crude oil, refined products and natural gas pipelines. The company also owns and operates crude oil and refined products truck and marine terminals. The company has a market capitalization of $12.39 billion; as of Aug. 24, it traded at $50.49.
On Aug. 6, Andeavor reported second-quarter results. Net earnings for the quarter were $148 million, or 63 cents per share, and EBITDA was $289 million. Quarterly distribution increased to $1.03 per share, the 29th consecutive increase. Furthermore, the company announced additional crude oil gathering projects in the Delaware Basin.
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.
