Top 10 Stocks With Major Insider Buying

Heinz currently trades for roughly 10 times EBITDA (earnings before interest, taxes, depreciation and amortization), but you can expect changes at the company fairly soon. Peltz obviously sees value in Heinz, and right after he upped his stake, rumors started swirling about the company getting acquired.

Peltz ultimately won two seats on the board, along with the respect of Heinz executives and board members, with his new ideas and vision for the company. Since Peltz launched his initiative a year ago, Heinz stock has jumped 35% to around $46, putting nearly $4 billion in shareholders' pockets.

We were also glad to see that Heinz is owned by the American Century Equity Income Fund, which Fortune magazine called one of the seven funds to own in 2007. In addition to Heinz, both AT&T(T Quote) and Pfizer(PFE Quote) are top picks of the American Century fund.

So with the CEO of Heinz North America recently buying shares, a catalyst shareholder in Peltz and a top mutual fund in the name, Heinz is definitely worth taking a look at.

Next up is CVS-Caremark(CVS Quote), which recently announced a $5 billion dollar stock buyback. Dave Rickard, executive vice president and chief financial officer of CVS-Caremark, stated: "We're very pleased with the board's decision today. We expect to repurchase shares as appropriate throughout the rest of this year, further optimizing our capital structure."