The largest Insider Buys this week were for McDonald's Corp. (NYSE:MCD), FedEx Corp. (NYSE:FDX), Keurig Dr Pepper Inc. (NYSE:KDP) and Corteva Inc. (NYSE:CTVA).
McDonald's director bought 1,300 shares
Director John J. Mulligan bought 1,300 shares on Nov. 6 at the average price of $193.46. The share price has increased by 0.08% since then.
McDonald's is an American fast-food restaurant company. The company is the world's largest restaurant chain by revenue, serving over 69 million customers through 37,855 stores as of 2018. The company is also the world's second-largest private employer with 1.7 million employees.McDonald's has a market capitalization of $145.81 billion; as of Nov. 8, it traded at $193.61.
On Nov. 7, McDonald's announced it has signed two long-term large-scale virtual power purchase agreements with Aviator Wind West, a wind power project located in Coke County, Texas and a solar project located in Texas. The 380 mega watts in renewable energy expected to be generated from the company's contribution to these projects will prevent 700,000 metric tons of carbon emissions each year. The energy generated by these projects will be equal to over 2,500 restaurants' worth of electricity.
FedEx director bought 10,000 shares
Director John A. Edwardson bought 10,000 shares on Nov. 1 at the average price of $154.13. The price of the stock has increased by 5.9% since then.
FedEx is an American international courier delivery services company that is known for its overnight shipping and its package tracking system, which has now been implemented by most other courier services. The company has a market capitalization of $42.59 billion; as of Nov. 8, it traded at $163.22.
On Sept. 17, FedEx reported financial results for the first quarter of 2020. GAAP revenue for the quarter was $17.048 billion, compared to $17.052 billion in the prior-year quarter. GAAP operating income for the quarter was $977 million, compared to $1.071 billion a year ago. Diluted earnings per share were $2.84 for the quarter, compared to $3.10 last year.
Keurig Dr Pepper chief human resources officer bought 6,000 shares
Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares on Nov. 5 at the average price of $28.03. The share price has risen 4.17% since then.
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 $41.08 billion; as of Nov. 8, it traded at $29.20.
On Nov. 7, Keurig Dr Pepper reported financial results for the third quarter. Net sales grew 5.1% to $2.87 billion from the prior-year period, while operating income increased 68% to $580 million. Earnings per diluted share increased 91% to 21 cents.
Corteva executive vice president bought 7,000 shares
Executive Vice President of Business Platforms Rajan Gajaria bought 7,000 shares on Nov. 4 for an average price of $26.21. The share price has declined 0.04% since then.
Corteva is an American agricultural chemical and seed company. The company was the agricultural unit of DowDuPont prior to being spun off as an independent public company in June. The company has a market capitalization of $19.61 billion; as of Nov. 8, it traded at $26.20.
On Nov. 5, Corteva and Radicle Growth, an acceleration fund, announced the launch of The Radicle Challenge to be hosted at the World Agri-Tech Innovation Summit. The companies will identify a promising agricultural tech startup that is solving agricultural challenges with novel technology solutions and support its growth. The winner of the competition will receive a $250,000 investment from Radicle Growth and will have access to the company's company-building platform.
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.