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Weekly Top Insider Buys Highlight for the Week of May 31

- By Shuda Xia

The largest Insider Buys this week were for Medtronic PLC (MDT), General Electric Co. (GE), Keurig Dr Pepper Inc. (KDP) and Phillips 66 (PSX).

Medtronic PLC (MDT): Director Richard H. Anderson bought 10,900 shares

Director Richard H. Anderson bought 10,900 shares of MDT stock on May 24 at the average price of $92.4. The price of the stock has increased by 0.19% since.


Medtronic PLC is an international medical instrument company headquartered in Dublin, Ireland, with their operational headquarters in Fridley, Minnesota. The company is one of the world's largest medical equipment development companies, with operations in more than 140 countries. The company has a market capitalization of $124.12 billion, and as of May 31 it traded at $92.58.

On May 29 Medtronic PLC. announced that its SelectSite C304-HIS deflectable catheter system has gained U.S. Food and Drug Administration clearance for use in procedures involving His-bundle pacing. The catheter system features a deflectable curve to reach the bundle of His and is designed to enable enhanced range maneuverability and implant success for a wider range of patient anatomies. The company also announced the commercial launch of the system on the same day.

General Electric Co. (GE): Director Risa J. Lavizzo-Mourey bought 10,000 shares

Director Risa J. Lavizzo-Mourey bought 10,000 shares of GE stock on May 23 at the average price of $9.75. The price of the stock has decreased by 3.18% since.

General Electric Co. is an American international conglomerate company that operates through a variety of segments including aviation, healthcare, power, renewable energy, digital industry, venture capital and finance, and oil and gas. The company is a component of the S&P 100 and was ranked the 18th largest firm in the United States by gross revenue in 2018. The company has a market capitalization of $82.32 billion, and as of May 31 it traded at $9.44.

On May 28 General Electric Co. announced that it will be working with World Courier, a part of AmerisourceBergen, to combine their expertise in manufacturing and logistics to better patient access to cell and gene therapies. The collaboration aims to create an end-to-end supply chain that will enable the developers of these treatments to meet increasing global demand.

Keurig Dr Pepper Inc. (KDP): Director Robert S. Singer bought 2,000 shares

Director Robert S. Singer bought 2,000 shares of KDP stock on May 24 at the average price of $28.98. The price of the stock has decreased by 2.73% since.

Keurig Dr Pepper Inc. 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 $39.65 billion, and as of May 31 it traded at $28.19.

On May 16 Keurig Dr Pepper Inc. announced that Acorn Holdings, the majority shareholder of Keurig Dr Pepper Inc., has announced that it intends to sell a portion of its shares in the company. The proposed transaction will increase the public float of the company from approximately 15% currently to approximately 20%, subject to market conditions, by year-end. Acorn has also indicated that this decision aims to provide additional liquidity to the market.

Phillips 66 (PSX): Director John E. Lowe bought 2,000 shares

Director John E. Lowe bought 2,000 shares of PSX stock on May 28 at the average price of $82.91. The price of the stock has decreased by 2.54% since.

Phillips 66 is an American international energy company. It was formed as an independent company when ConocoPhillips executed a spin-off of its downstream and midstream assets. The company focuses on producing natural gas liquids and petrochemicals and is active in more than 65 countries. The company has a market capitalization of $36.65 billion, and as of May 31 it traded at $80.80.

On May 8 Phillips 66 announced that the company's Board of Directors has declared a quarterly dividend of $0.90 per share on the company's common stock, representing a 12.5% increase. The dividend will be payable on June 3 to shareholders of record at the close of business on May 20.

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.

This article first appeared on GuruFocus.