5 Large-Cap Stocks with Insider Buying

In this article, we will take a look at 5 large-cap stocks with insider buying. If you want to explore similar stocks, you can go to 10 Large-Cap Stocks with Insider Buying.

5. Tyson Foods, Inc. (NYSE:TSN)

Market Cap as of May 19: $17.92 Billion

Between May 1 and May 19, 5 corporate insiders have purchased roughly $2.33 million worth of shares of Tyson Foods, Inc. (NYSE:TSN). As of May 19, the stock has a market cap of $17.92 billion and is placed fifth on our list of the most notable large-cap stocks with insider buying.

On May 9, Bernstein revised its price target on Tyson Foods, Inc. (NYSE:TSN) to $64 from $75 and reiterated an Outperform rating on the shares.

As of March 31, Holocene Advisors is the most prominent investor in Tyson Foods, Inc. (NYSE:TSN) and has a position worth $215.3 million in the company.

Artisan Partners made the following comment about Tyson Foods, Inc. (NYSE:TSN) in its Q4 2022 investor letter:

“Our weakest contributors were Philips, Tyson Foods, Inc. (NYSE:TSN) and already-discussed Blackstone. The largest food processor in North America, Tyson Foods is a marketer and distributor of chicken, beef, pork and prepared foods. Top-line growth has remained strong, but margins have been volatile. The margin issues have been primarily in its chicken and prepared foods businesses as beef margins have benefited from ample cattle supply, global export demand and high US domestic retail prices. In the other segments, inflationary pressures have ranged from higher raw material costs to supply chain constraints and labor availability issues. Some of these factors are out of its control, but the company is making efforts to increase labor availability and shift contract terms toward variable price models that could repair margins more quickly. The business has improved over time—the company has spent years moving away from commodity processing toward a greater mix of higher margin branded products and packaging. This has contributed to solid return on invested capital and free cash flow generation. Additionally, revenue growth has benefited from a natural long-term health and wellness tailwind of protein demand rising in the US and globally as diets improve by replacing processed foods with healthier alternatives like protein.”

4. CDW Corporation (NASDAQ:CDW)

Market Cap as of May 19: $23.26 Billion

On April 19, Stifel analyst Matthew Sheerin updated his price target on CDW Corporation (NASDAQ:CDW) to $205 from $215 and maintained a Buy rating on the shares.

CDW Corporation (NASDAQ:CDW) is one of the large-cap stocks that insiders are piling into right now. On May 4 the company disclosed in a regulatory filing that its president and CEO, Christine A Leahy, purchased 3,050 company shares at an average share price of $163.62 for a total transaction amount of $0.49 million. As of May 19, CDW Corporation (NASDAQ:CDW) is valued at $23.26 billion on the open market.

As of March 31, Select Equity Group is the most prominent shareholder in CDW Corporation (NASDAQ:CDW) and has a stake worth $1 billion in the company.

Here is what Wedgewood Partners had to say about CDW Corporation (NASDAQ:CDW) in its Q4 2022 investor letter:

“CDW contributed to performance during the quarter after logging +19% currency-neutral revenue growth and +26% operating earnings growth. The Company’s “omni-office” strategy of outfitting small and medium businesses with software, hardware and services, wherever workers decide or need to work continues to resonate. CDW organizes itself across several end-markets, with each of these end markets at different stages of building out their omni-office presences. In the meantime, the post-Pandemic IT environment has quickly evolved from supply scarcity (due to vendor shortages and strong demand) where CDW flexed its balance sheet to ensure inventory availability, to more recently helping customers manage never before seen levels of complexity related to a work-from-every-where workforce. CDW’s consistent returns, cheap multiple, and mission-critical functions it offers to vendors and customers continues to be an attractive risk-reward for portfolios.”

3. Energy Transfer L.P. (NYSE:ET)

Market Cap as of May 19: $40.25 Billion

Shares of Energy Transfer L.P. (NYSE:ET) have gained 10.20% on a year-to-date basis and the company is valued at $40.25 billion on the open market, as of May 19. Energy Transfer L.P. (NYSE:ET) is one of the top large-cap stocks that insiders are buying right now.

On May 12 Energy Transfer L.P. (NYSE:ET) disclosed that its CEO, Kelcy Warren, purchased 500,000 company shares for a total transaction amount of $6.1 million. On May 15 it was disclosed in a regulatory filing that Warren purchased an additional 1 million shares of the company for a total amount of $12.49 million.

On April 25, Morgan Stanley analyst Robert Kad updated his price target on Energy Transfer L.P. (NYSE:ET) to $17 from $18 and reiterated an Overweight rating on the shares.

As of March 31, Abrams Capital Management is the most prominent investor in Energy Transfer L.P. (NYSE:ET) and owns a position worth $222.3 million.

2. U.S. Bancorp (NYSE:USB)

Market Cap as of May 19: $46.15 Billion

On May 5 U.S. Bancorp (NYSE:USB) disclosed in a regulatory filing that its vice chairman, Jim Kelligrew, purchased 16,260 company shares at an average share price of $30.60 for a total transaction amount of roughly $0.49 million. On May 8 the company disclosed that its director, Richard McKenney, purchased 20,000 shares of the company at an average share price of $30.37 for a total transaction amount of approximately $0.60 million.

On April 20, Argus analyst Stephen Biggar revised his price target on U.S. Bancorp (NYSE:USB) to $58 from $63 and reiterated a Buy rating on the shares.

As of May 19, U.S. Bancorp (NYSE:USB) is valued at $46.15 billion on the open market and the stock is one of the top large-cap stocks that insiders are buying right now.

As of March 31, First Eagle Investment Management is the top investor in U.S. Bancorp (NYSE:USB) and holds a position worth $329.5 million in the company.

Madison Investments Fund made the following comment about U.S. Bancorp (NYSE:USB) in its Q1 2023 investor letter:

“U.S. Bancorp (NYSE:USB) shares are ensnared in the bank-run panic that began late in the quarter. Two large banks failed in early March as depositors rushed to withdraw money on concerns that the banks would suffer from liquidity problems. That’s a self-fulfilling prophecy, of course, but in the case of the two banks, it was prompted by the revelations of utter mismanagement of their securities portfolio. Bank models are, essentially, to borrow short and lend long. This sounds dangerous of course, and it would be if not for the deposit guarantee provided by the FDIC. The history of the U.S. banking system can be divided into two eras – pre-FDIC, when bank runs were fairly common, and post-FDIC, when bank runs have been close to non-existent. However, FDIC protection has its limits, and it remains incumbent on management to properly manage its assets and liabilities. The two banks in question didn’t do that. By taking down the share prices of all banks, we think investors are shooting first and asking questions later; they are not distinguishing between the strong and the weak.

U.S. Bancorp, as one of the largest and best-managed banks in the country, appears to be a net beneficiary so far of the panic among some depositors, with a pick-up in net deposit inflows in recent weeks. We don’t dismiss the probability of industry contagion – in a true nationwide panic, the big banks will suffer along with the small banks, and the well-managed ones will suffer along with the badly-managed ones. But we think the odds of that are quite small, and recent steps by federal regulators confirm that they will do everything in their power to prevent such a scenario, given the calamitous impact that it would have on our economy. We tightly manage this risk by limiting our exposure to the banking sector.”

1. General Dynamics Corporation (NYSE:GD)

Market Cap as of May 19: $57.87 Billion

This April, RBC Capital analyst Ken Herbert updated his price target on General Dynamics Corporation (NYSE:GD) to $270 from $280 and maintained an Outperform rating on the shares.

On May 2 General Dynamics Corporation (NYSE:GD) reported in a regulatory filing that its director Mark Malcolm purchased 4,700 company shares at an average share price of $214.47 for a total transaction amount of $1 million. As of May 19, General Dynamics Corporation (NYSE:GD) is valued at $57.87 billion. General Dynamics Corporation (NYSE:GD) is placed among the most notable large-cap stocks that insiders are buying right now.

As of March 31, Longview Asset Management is the dominant shareholder in General Dynamics Corporation (NYSE:GD) and has disclosed a position worth $6.45 billion in the company.

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