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Top Insider Buys Highlight for the Week of Oct. 4

The largest insider buys this week were in Keurig Dr Pepper Inc. (NYSE:KDP), Occidental Petroleum Corp, (NYSE:OXY), Ulta Beauty Inc. (ULTA) and Chewy Inc. (NYSE:CHWY).

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

Chief Human Resources Officer Mary Beth Denooyer bought 6,000 shares on Oct. 1 for an average price of $27.05. The share price has risen 2.07% 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 $38.84 billion; as of Oct. 4, it traded at $27.61.

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

Occidental Petroleum director bought 5,000 shares

Director William R. Klesse bought 5,000 shares on Sept. 27 for an average price of $45.54. Since then, the stock has declined 5.42%.

Occidental Petroleum is an international oil and gas exploration and production company. The company has operations in the U.S., the Middle East and Latin America and is engaged in petrochemical manufacturing in the U.S., Canada and Chile. The company was the ninth-largest petroleum producer in Texas in 2018. The company has a market capitalization of $38.53 billion; as of Oct. 4, it traded at $43.07.

On Oct. 3, Occidental announced the inauguration of the company's first solar facility to directly power an enhanced oil recovery field operation in the Permian Basin. The company also announced it signed a long-term power purchase agreement for solar energy use in its Permian Basin operations beginning in 2021. The Goldsmith field solar facility expands on the company's commitment to lower its carbon footprint while reducing costs and is the first solar facility of its kind to directly power oil and gas operations in Texas.

Ulta Beauty director bought 243,849 shares

Director Charles Heilbronn bought 243,849 shares on Sept. 30 for an average price of $241.52. The stock has gained 3.76% since then.

Ulta is a beauty chain store that focuses on cosmetic and skincare products, fragrances and haircare products. The company also equips each store with its own salon. The company is a component of the S&P 500 and Nasdaq 100. The company has a market capitalization of $14.75 billion; as of Oct. 4, it traded at $250.60.

On Sept. 19, Ulta Beauty announced that Mike Smith, the current president and chief operating officer of Stitch Fix Inc. (NASDAQ:SFIX), has been appointed to the company's board of directors. The appointment was effective on Sept. 18.

Chewy director bought 41,521 shares

Director James A. Star bought 41,521 shares on Oct. 1 for an average price of $23.94. The share price has increased 8.02% since then.

Chewy is a retail company that focuses on marketing and distributing pet supplies. It is a subsidiary of PetSmart and had an initial public offering in April. The company has a market capitalization of $10.31 billion; as of Oct. 4, it traded at $25.86.

On Sept. 17, Chewy reported financial results for the second quarter, which ended Aug. 4. Net sales for the quarter were $1.15 billion, an increase of 43% year over year. The gross margin for the quarter was 23.6%, while net loss was $82.9 million. The adjusted Ebitda loss for the quarter was $29.2 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.

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This article first appeared on GuruFocus.