Those following along with Coca-Cola Amatil Limited (ASX:CCL) will no doubt be intrigued by the recent purchase of shares by Alison Watkins, Group MD & Executive Director of the company, who spent a stonking AU$1.0m on stock at an average price of AU$12.92. Not only is that a big swing, but it increased their holding size by 28%, which is definitely great to see.
Coca-Cola Amatil Insider Transactions Over The Last Year
In fact, the recent purchase by Alison Watkins was the biggest purchase of Coca-Cola Amatil shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was higher than AU$11.49 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Alison Watkins.
You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Coca-Cola Amatil is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Coca-Cola Amatil
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data suggests Coca-Cola Amatil insiders own 0.06% of the company, worth about AU$5.4m. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Coca-Cola Amatil Insiders?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Coca-Cola Amatil insiders are reasonably well aligned, and optimistic for the future. Of course, the future is what matters most. So if you are interested in Coca-Cola Amatil, you should check out this free report on analyst forecasts for the company.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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