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Qurate Retail (QRTEA), Keurig Dr Pepper (KDP), Macquarie (MIC): Insider Buys of the Week

Keurig Dr Pepper Inc (NYSE:KDP)

Keurig Dr Pepper Inc (NYSE:KDP) insiders have been busy during the past month, with no less than four different insiders purchasing Keurig shares. Directors Robert Singer (20,000 shares) and Peter Harf (21,400 shares), as well as Chief Commercial Officer Derek Hopkins (22,000 shares) and Chief Corp. Affairs Officer Maria Sceppaguercio-Gever (62,223 shares) have all purchased shares since August 10.

The merger between Keurig Green Mountain and Dr Pepper Snapple Group was completed in July and the company’s first earnings report followed a month later, on August 8, just before the insider buying spree. Results were mixed and analysts are torn on the beverage company’s prospects. Wells Fargo sees few tangible revenue synergies, while both Wells Fargo and BMO Capital are concerned about Keurig’s pod pricing power and margins. Keurig Dr Pepper Inc (NYSE:KDP) has also lost two of its Allied Brands since the merger, Fiji Water and BodyArmor, the latter of which was swiped by The Coca-Cola Co (NYSE:KO) in mid-August.

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Macquarie Infrastructure Corp (NYSE:MIC)

Multiple insiders have purchased shares of Macquarie Infrastructure Corp (NYSE:MIC) in the past month, including Vice President Jay Davis and Directors George Carmany and Ronald Kirk. More recently, CFO Liam Stewart made a purchase of 420 shares on August 28.

Macquarie Infrastructure Corp (NYSE:MIC) shares have slowly trended upwards over the past several months but nonetheless remain down by 25% for the year. The majority of that damage occurred on February 22, when Macquarie announced that it would slash its dividend payment by 31%, which prompted a massive flight from the stock from income investors, as shares sank by over 40%. In mid-April, Michael Rothenberg‘s Moab Capital Partners pushed to have Macquarie’s board ousted at the company’s annual shareholder meeting in May. Despite partial support from proxy advisory firm ISS, all six members of Macquarie’s board were re-elected.

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Disclosure: None

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