Insider Buying: International Flavors & Fragrances Inc (IFF) Major Shareholder Acquires 15,127 Shares of Stock

International Flavors & Fragrances Inc (NYSE:IFF) major shareholder Winder Investment Pte Ltd acquired 15,127 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were bought at an average price of $138.34 per share, for a total transaction of $2,092,669.18. Following the completion of the purchase, the insider now owns 8,961,803 shares of the company’s stock, valued at $1,239,775,827.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Winder Investment Pte Ltd also recently made the following trade(s):

  • On Wednesday, May 17th, Winder Investment Pte Ltd bought 5,300 shares of International Flavors & Fragrances stock. The shares were purchased at an average cost of $133.02 per share, for a total transaction of $705,006.00.
  • On Tuesday, May 16th, Winder Investment Pte Ltd bought 21,700 shares of International Flavors & Fragrances stock. The shares were purchased at an average cost of $133.06 per share, for a total transaction of $2,887,402.00.
  • On Friday, May 12th, Winder Investment Pte Ltd bought 20,000 shares of International Flavors & Fragrances stock. The shares were purchased at an average cost of $130.48 per share, for a total transaction of $2,609,600.00.
  • On Monday, May 15th, Winder Investment Pte Ltd purchased 40,000 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $132.44 per share, for a total transaction of $5,297,600.00.
  • On Thursday, May 4th, Winder Investment Pte Ltd purchased 40,000 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $138.45 per share, for a total transaction of $5,538,000.00.
  • On Friday, May 5th, Winder Investment Pte Ltd purchased 40,000 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $139.31 per share, for a total transaction of $5,572,400.00.
  • On Tuesday, May 2nd, Winder Investment Pte Ltd purchased 18,115 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $138.18 per share, for a total transaction of $2,503,130.70.
  • On Friday, April 28th, Winder Investment Pte Ltd purchased 30,200 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $138.69 per share, for a total transaction of $4,188,438.00.
  • On Monday, May 1st, Winder Investment Pte Ltd purchased 12,800 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $138.93 per share, for a total transaction of $1,778,304.00.
  • On Thursday, April 27th, Winder Investment Pte Ltd bought 23,728 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $139.65 per share, for a total transaction of $3,313,615.20.

International Flavors & Fragrances Inc (NYSE:IFF) traded up 0.41% during midday trading on Friday, reaching $134.81. The company had a trading volume of 336,736 shares. The company has a market cap of $10.65 billion, a PE ratio of 26.81 and a beta of 1.04. International Flavors & Fragrances Inc has a 52-week low of $113.16 and a 52-week high of $143.64. The company’s 50-day moving average is $134.60 and its 200 day moving average is $125.35.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $828.30 million during the quarter, compared to analyst estimates of $833.73 million. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 EPS. On average, equities research analysts forecast that International Flavors & Fragrances Inc will post $5.75 EPS for the current year.

Insider Buying and Selling by Quarter for International Flavors & Fragrances (NYSE:IFF)

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Monday, June 26th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Thursday, June 22nd. International Flavors & Fragrances’s dividend payout ratio is currently 51.82%.

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Several research firms have weighed in on IFF. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Monday, May 1st. Evercore ISI initiated coverage on International Flavors & Fragrances in a research note on Monday, February 13th. They set a “hold” rating and a $125.00 target price on the stock. Stifel Nicolaus lifted their price target on International Flavors & Fragrances from $123.00 to $127.00 and gave the company a “hold” rating in a report on Monday, March 27th. Barclays PLC reiterated a “sell” rating on shares of International Flavors & Fragrances in a report on Friday, May 12th. Finally, Vertical Group lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $139.08.

Hedge funds have recently modified their holdings of the company. Scotia Capital Inc. raised its position in International Flavors & Fragrances by 1.5% in the fourth quarter. Scotia Capital Inc. now owns 10,880 shares of the specialty chemicals company’s stock valued at $1,282,000 after buying an additional 160 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in International Flavors & Fragrances during the fourth quarter valued at about $8,754,000. Credit Agricole S A raised its position in International Flavors & Fragrances by 28.3% in the fourth quarter. Credit Agricole S A now owns 141,146 shares of the specialty chemicals company’s stock valued at $16,631,000 after buying an additional 31,140 shares in the last quarter. Menta Capital LLC acquired a new position in International Flavors & Fragrances during the fourth quarter valued at about $3,186,000. Finally, Norges Bank acquired a new position in International Flavors & Fragrances during the fourth quarter valued at about $60,858,000. 77.76% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

12 Month Chart for NYSE:IFF

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