Weekly Top Insider Buys Highlight for the Week of Dec. 7
The largest Insider Buys this week were for Enbridge Inc. (ENB, Financial), Keurig Dr Pepper Inc. (KDP, Financial), DISH Network Corp. (DISH, Financial) and Mohawk Industries Inc. (MHK, Financial).
Enbridge Inc. (ENB, Financial): Director, Senior Officer Albert Monaco bought 7,569 shares
Director, Senior Officer Albert Monaco, bought 7,569 shares of ENB stock on Dec. 4 at the average price of $43.82. The price of the stock has decreased by 27.13% since.
Enbridge Inc. is a Canadian international energy transportation company that focuses on the distribution, transportation, and generation of energy primarily in North America. The company operates the longest crude oil and liquid hydrocarbons transportation system in North American and owns and operates Canada’s largest natural gas distribution network. The company has a market capitalization of $57.92 billion, and as of Dec. 7 it traded at $31.93.
On Dec. 4 Enbridge Inc. announced that its affiliates have entered into a definitive agreement for the sale of Enbridge Gas New Brunswick Limited Partnership and Enbridge Gas New Brunswick Inc. to Liberty Utilities LP. The cash purchase price will be CAD $331 million and is expected to occur in 2019.
Keurig Dr Pepper Inc. (KDP, Financial): Director Robert S. Singer bought 13,500 shares
Director Robert S. Singer bought 8,500 shares of KDP stock on Dec. 6 at the average price of $25.98. The price of the stock has increased by 1.23% since.
Keurig Dr. Pepper Inc. is an American beverage conglomerate. Its East-coast division sells coffee, beverages, and Keurig brewers. As of July 2018, the company also sells sodas, juices, and other soft drinks from its Dr. Pepper Snapple division in Texas. The company has a market capitalization of $38.18 billion, and as of Dec. 7 it traded at $26.30.
On Sep. 13 Keurig Dr. Pepper Inc. announced that its Board of Directors has authorized a quarterly dividend program and has declared the company’s first quarterly dividend on its common stock. The dividend of $0.15 per share was paid on Oct. 19 to shareholders of record at the close of business on Oct. 5.
DISH Network Corp. (DISH, Financial): Executive Vice President James Defranco bought 5,000 shares
Executive Vice President James Defranco bought 5,000 shares of DISH stock on Dec. 3 at the average price of $32.99. The price of the stock has decreased by 3.21% since.
DISH Network Corp. is an American satellite and television company that focuses on direct-broadcast satellite service. The company provides satellite television, audio programming, and interactive television services to both commercial and residential customers. The company has a market capitalization of $14.93 billion, and as of Dec. 7 it traded at $31.93.
On Nov. 28 DISH Network Corp. announced that it has appointed Suma Nallapati to the position of Vice President and Chief Digital Officer. She will report to DISH Chief Information Officer Atilla Tinic. Nallapati currently serves on Colorado Governor John Hickenlooper’s cabinet as Secretary of Technology and State CIO.
Mohawk Industries Inc. (MHK, Financial): Director Filip Balcaen bought 88,200 shares
Director Filip Balcaen bought 78,200 shares of MHK stock on Dec. 4 at the average price of $124.34. The price of the stock has decreased by 3.14% since.
Mohawk Industries Inc. is an American international flooring manufacturer that produces floor covering products for both residential and commercial purposes in North American and only residential purposes in Europe. The company focuses on producing soft flooring products, hard flooring products, sheet vinyl, and laminate flooring. The company has a market capitalization of $8.94 billion, and as of Dec. 7 it traded at $120.44.
On Nov. 27 Mohawk Industries Inc. announced that Frank H. Boykin, CFO, is planning to retire in 2019. Boykin joined the company in 1993 and moved up through various finance roles to his appointment as CFO in January of 2005. The company has launched a comprehensive search for Boykin’s successor.
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.
