The largest Insider Buys this week were for Carnival PLC (CUK, Financial), The Kroger Co. (KR, Financial), Conagra Brands Inc. (CAG, Financial) and Adaptive Biotechnologies Corp. (ADPT, Financial).
Carnival PLC (CUK, Financial): Director Randall J. Weisenburger bought 40,000 shares
Director Randall J. Weisenburger bought 20,000 shares of CUK stock on July 3 at the average price of $46.5. The price of the stock has decreased by 1.7% since.
Carnival PLC is a British-American cruise operator and currently the world’s largest travel leisure company. The company has a combined fleet of over 100 vessels across 10 cruise line brands. The company is composed of two companies, Carnival Corporation and Carnival PLC, which function as one entity. The company is the only company in the world to be listed on both the S&P 500 and FTSE 100 indexes. The company has a market capitalization of $32.37 billion, and as of July 5 it traded at $45.71.
On June 20 Carnival PLC reported financial results for the second quarter of 2019 ended May 31. U.S. GAAP net income was $451 million, or $0.65 per diluted share, compared to net income of $561 million, or $0.78 per diluted share, during the same quarter prior year. Adjusted net income for the quarter was $457 million, or $0.66 adjusted earnings per share, compared to adjusted net income of $489 million, or $0.68 adjusted earnings per share, for the same quarter prior year.
The Kroger Co. (KR, Financial): Director Ronald Sargent bought 5,000 shares
Director Ronald Sargent bought 5,000 shares of KR stock on July 2 at the average price of $21.49. The price of the stock has increased by 1.21% since.
The Kroger Co. is an American retail company that is a component of the S&P 500. The company is the United States’ largest supermarket chain by revenue and operates 2,764 supermarkets and department stores across 35 states and the District of Columbia. The company has a market capitalization of $17.37 billion, and as of July 5 it traded at $21.75.
On June 27 The Kroger Co. announced that the company’s Board of Directors has approved a dividend increase from $0.56 to $0.64 per year. The next quarterly dividend of $0.16 will be paid on September 1 to shareholders of record at the close of business on August 15.
Conagra Brands Inc. (CAG, Financial): Director Craig P. Omtvedt bought 25,000 shares
Director Craig P. Omtvedt bought 25,000 shares of CAG stock on June 28 at the average price of $26.73. The price of the stock has increased by 4.98% since.
Conagra Brands Inc. is an American packaged food company that manufactures and distributes products under brands such as Hunt’s, Healthy Choice, Orville Redenbacher’s, and Slim Jim. Its products are distributed through both supermarkets and restaurants. The company has a market capitalization of $13.63 billion, and as of July 5 it traded at $28.06.
On June 27 Conagra Brands Inc. reported results for the fourth quarter and full fiscal year 2019, ended May 26. Net sales for the year increased 20.2% from the previous year while diluted earnings per share for the year was $1.53. Net sales for the fourth quarter increased 32.9% from the same period prior year.
Adaptive Biotechnologies Corp. (ADPT, Financial): Senior Vice President, Operations Nancy Louise Hill bought 11,200 shares
Senior Vice President, Operations Nancy Louise Hill bought 11,200 shares of ADPT stock on July 1 at the average price of $20.00.
Adaptive Biotechnologies Corp. is an American commercial-stage biotechnology company that is focused on using the immune system to create new diagnosis systems and treatments. The company is developing products in clinical diagnostics, drug discovery, and life sciences research. The company has a market capitalization of $4.99 billion, and as of July 5 it traded at $40.51.
On July 1 Adaptive Biotechnologies Corp. announced the closing of its initial public offering of 15,000,000 shares of common stock and the exercise in full of the underwriters’ option to purchase 2,250,000 additional shares at a public offering price of $20.00 per share. The gross proceeds from the offering were approximately $345 million.
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.
