Around $1.9M Bet On Keurig Dr Pepper? Check Out These 4 Stocks Insiders Are Buying

Author: Lisa Levin | August 07, 2023 07:50am

Although U.S. stocks closed lower on Friday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

Agree Realty

• The Trade: Agree Realty Corporation (NYSE:ADC) Director, Executive Chairman of Board Richard Agree acquired a total of 18,249 shares an average price of $63.70. To acquire these shares, it cost around $1.16 million.
• What’s Happening: Agree Realty posted downbeat quarterly sales.
• What Agree Realty Does: Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants.

Maximus

• The Trade: Maximus, Inc. (NYSE:MMS) CEO and President Bruce Caswell acquired a total of 3,141 shares at an average price of $79.07. To acquire these shares, it cost around $248,368.
• What’s Happening: Maximus posted better-than-expected quarterly earnings.
• What Maximus Does: Maximus Inc is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia, and Saudi Arabia.

Don’t forget to check out our premarket coverage here

Intel

• The Trade: Intel Corporation (NASDAQ:INTC) CEO Patrick Gelsinger bought a total of 3,850 shares at an average price of $34.63. To acquire these shares, it cost around $133,343.
• What’s Happening: Intel reported better-than-expected second-quarter results and issued strong guidance.
• What Intel Does: Intel is the world's largest logic chipmaker. Its main focus is the design and manufacturing of microprocessors for the global personal computer and data center markets.

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Keurig Dr Pepper

• The Trade: Keurig Dr Pepper Inc. (NASDAQ:KDP) Chief R&D Officer Karin Rotemwildeman bought a total 53,837 shares at an average price of $34.30. The insider spent around $1.85 million to buy those shares.
• What’s Happening: Keurig Dr Pepper Inc. (NASDAQ:KDP) reported second-quarter FY23 sales growth of 6.6% year-on-year to $3.789 billion, beating the consensus of $3.690 billion.
• What Keurig Dr Pepper Does: Keurig Dr Pepper was established in 2018 following a merger between Keurig Green Mountain Coffee and Dr Pepper Snapple.

Posted In: ADC INTC KDP MMS