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Top Insider Buys Highlight for the Week of Nov. 22

The largest insider buys this week were in Intel Corp. (NASDAQ:INTC), Kinder Morgan Inc. (NYSE:KMI), Keurig Dr Pepper Inc. (NYSE:KDP) and MGM Resorts International (NYSE:MGM).

Intel director bought 86,500 shares

Director James J. Goetz bought 86,500 shares on Nov. 20 for an average price of $58.24. The stock has declined 1.08% since then.

Intel is a technology corporation that is the world's largest and highest-valued semiconductor chipmaker based on revenue. The company is also the inventor of the x86 series of microprocessors, the type of microprocessors found in most personal computers. The company has a market capitalization of $250.6 billion; as of Nov. 22, it traded at $57.61.


On Nov. 14, Intel announced that Goetz was elected to the company's board of directors. His election marks the sixth new independent director added to the company's board since 2016. Goetz has also served as a partner of Sequoia Capital since June of 2004. Prior to Sequoia, Goetz co-founded VitalSigns Software.

Kinder Morgan director bought 200,000 shares

Director Fayez Sarofim bought 200,000 shares on Nov. 20 for an average price of $20.1. Since then, the stock has slid 0.7%.

Kinder Morgan is an energy infrastructure company that specializes in owning and controlling oil and natural gas pipelines and terminals. Currently, the company is the largest energy infrastructure company in North America and operates approximately 84,000 miles of pipeline and owns about 180 terminals. The company has a market capitalization of $45.21 billion; as of Nov. 22, it traded at $19.96.

On Nov. 6, Kinder Morgan announced that Kinder Morgan Tejas Pipeline, a subsidiary of the company, has closed on its acquisition of certain natural gas pipeline assets owned by Southcross Energy. The total purchase price of the assets was approximately $76 million and includes the Corpus Christi Pipeline Network and Bay City Lateral.

Keurig Dr Pepper director bought 4,500 shares

Director Robert S. Singer bought 4,500 shares on Nov. 19 for an average price of $30.05. Since then, the stock has gained 0.83%.

Keurig Dr Pepper 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 $42.63 billion; as of Nov. 22, it traded at $30.30.

On Nov. 7, Keurig Dr Pepper reported financial results for the third quarter. Net sales grew 5.1% from the prior-year quarter to $2.87 billion, while operating income increased 68% to $580 million. Earnings per diluted share gained 91% to 21 cents. Performance was impacted by the merger between Keurig Green Mountain and Dr Pepper Snapple Group in July 2018.

MGM Resorts International director bought 295,000 shares

Director Keith A. Meister bought 295,000 shares on Nov. 15 for an average price of $31.21. The stock has risen 2.34% since then.

MGM Resorts International is an international hospitality and entertainment company that operates resorts in Las Vegas, Detroit, Mississippi, Maryland and New Jersey. The company's resorts include Bellagio, Mandala Bay, MGM Grand and The Mirage. The company also has a majority interest in MGM China Holdings Ltd., which owns the MGM Macau resort. The company has a market capitalization of $16.45 billion; as of Nov. 22, it traded at $31.94.

On Nov. 19, MGM Resorts International announced that Jyoti Chopra has been appointed the company's senior vice president and chief diversity and sustainability officer. Chopra will be based in Las Vegas and will report directly to President and Chief Operating Officer Bill Hornbuckle. Chopra will also serve as a liaison to the Corporate Social Responsibility Committee of the company's board of directors.

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.

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This article first appeared on GuruFocus.