Investors Buy International Flavors & Fragrances (IFF) on Weakness on Insider Selling

Investors bought shares of International Flavors & Fragrances Inc (NYSE:IFF) on weakness during trading on Tuesday after an insider sold shares in the company. $63.66 million flowed into the stock on the tick-up and $27.11 million flowed out of the stock on the tick-down, for a money net flow of $36.55 million into the stock. Of all equities tracked, International Flavors & Fragrances had the 33rd highest net in-flow for the day. International Flavors & Fragrances traded down ($1.62) for the day and closed at $137.04Specifically, EVP Francisco Fortanet sold 1,389 shares of International Flavors & Fragrances stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $140.00, for a total value of $194,460.00. Following the completion of the transaction, the executive vice president now directly owns 16,193 shares of the company’s stock, valued at $2,267,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd purchased 77,000 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was acquired at an average cost of $127.59 per share, with a total value of $9,824,430.00. Following the completion of the acquisition, the insider now directly owns 14,177,000 shares of the company’s stock, valued at $1,808,843,430. The disclosure for this purchase can be found here. Insiders purchased 1,065,400 shares of company stock valued at $139,766,425 over the last ninety days. 0.50% of the stock is currently owned by company insiders.

A number of research analysts recently issued reports on IFF shares. ValuEngine raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Argus cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Zacks Investment Research cut International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $146.67.

The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.05. The firm had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. During the same period in the previous year, the business posted $1.50 EPS. equities analysts anticipate that International Flavors & Fragrances Inc will post 6.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Monday, September 24th will be issued a dividend of $0.73 per share. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. This represents a $2.92 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, September 21st. International Flavors & Fragrances’s payout ratio is currently 49.58%.

A number of large investors have recently made changes to their positions in the business. Winder Investment Pte Ltd raised its holdings in International Flavors & Fragrances by 32.4% during the 2nd quarter. Winder Investment Pte Ltd now owns 14,000,000 shares of the specialty chemicals company’s stock worth $1,735,440,000 after purchasing an additional 3,425,403 shares during the last quarter. BlackRock Inc. raised its holdings in International Flavors & Fragrances by 5.9% during the 2nd quarter. BlackRock Inc. now owns 5,646,920 shares of the specialty chemicals company’s stock worth $699,992,000 after purchasing an additional 315,418 shares during the last quarter. Swedbank raised its holdings in International Flavors & Fragrances by 35.5% during the 2nd quarter. Swedbank now owns 994,492 shares of the specialty chemicals company’s stock worth $123,277,000 after purchasing an additional 260,542 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in International Flavors & Fragrances by 25.8% during the 2nd quarter. Mawer Investment Management Ltd. now owns 738,282 shares of the specialty chemicals company’s stock worth $91,517,000 after purchasing an additional 151,477 shares during the last quarter. Finally, Congress Asset Management Co. MA raised its holdings in International Flavors & Fragrances by 0.6% during the 2nd quarter. Congress Asset Management Co. MA now owns 589,708 shares of the specialty chemicals company’s stock worth $73,100,000 after purchasing an additional 3,801 shares during the last quarter. 73.55% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile (NYSE:IFF)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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