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Top Insider Buys Highlight for the Week of Nov. 1

The largest insider buys this week were for American Airlines Group Inc. (NASDAQ:AAL), Eli Lilly and Co. (NYSE:LLY), Keurig Dr Pepper Inc. (NYSE:KDP) and Ford Motor Co. (NYSE:F).

American Airlines director bought 10,000 shares

Director James F. Albaugh bought 10,000 shares on Oct. 28 for an average price of $31.41. The share price has decreased by 2.71% since then.


The American airline holding company was formed in December 2013 following the merger of AMR Corp. and U.S. Airways Group. The company is the largest airline in the world and was ranked number 71 in the 2018 Fortune 500 list of the largest U.S. corporations by total revenue. The company has a market capitalization of $13.39 billion; as of Nov. 1, it traded at $30.56.

On Oct. 24, American Airlines reported financial results for the third quarter of 2019. Pre-tax income for the quarter was $557 million, while net income was $425 million. Diluted earnings per share for the quarter were 96 cents per share while revenues were $11.9 billion. The company returned $244 million to shareholders in the form of dividends and share repurchases.

Eli Lilly chief scientific officer bought 5,000 shares

Senior Vice President, CSO and President Daniel Skovronsky bought 5,000 shares on Oct. 25 for an average price of $108.61. The stock has gained 3.59% since then.

Eli Lilly is an American international pharmaceutical company with offices in 18 countries and products sold in more than 120 countries. It is known for being the first company to mass produce the polio vaccine and the first company to produce human insulin. The company has a market capitalization of $108.02 billion; as of Nov. 1, it traded at $112.51.

On Oct. 24, Eli Lilly announced it has commenced a cash tender offer for up to $2.0 billion aggregate principal amount of specified series of its outstanding debt. The company is offering to purchase under certain conditions its 3.950% notes due 2047, 3.7% notes due 2045 and 3.875% notes due 2039, among others. The early tender date is 5 p.m. Eastern time on Nov. 6.

Keurig Dr Pepper chief human resources officer bought 6,000 shares

Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares on Oct. 29 at the average price of $27.74. The price of the stock has increased by 1.69% 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 $39.68 billion; as of Nov. 1, it traded at $28.21.

On Sept. 26, Keurig Dr Pepper announced a long-term master licensing and distribution agreement with McDonald's for McCafe packaged coffee. Under this agreement, the company will continue to be the exclusive manufacturer of McCafe K-Cup pods in the U.S. The company will also be responsible for coffee sourcing, distribution and marketing for the K-Cup McCafe brands beginning in the second half of 2020.

Ford director bought 25,000 shares

Director John C. Lechleiter bought 25,000 shares on Oct. 25 for an average price of $8.68. The stock has gained 2.42% since then.

Ford is an American automaker that sells automobiles and commercial vehicles under the Ford brand and most luxury models under the Lincoln brand. The company also owns Brazilian SUV manufacturer Troller and Australian performance car manufacturer FPV. The company has multiple joint ventures in China, Taiwan, Thailand, Turkey and Russia. The company has a market capitalization of $35.25 billion; as of Nov. 1, it traded at $8.89.

On Oct. 29, Ford issued three safety recalls in North America for select 2015 to 2017 Ford Transit vehicles. In affected vehicles, the driveshaft flexible coupling may crack with mileage, resulting in driveline noise and vibration, eventually causing separation of the driveshaft and a loss of motive power. The company is not aware of any reports of accident or injury related to this condition.

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.