Internationa Flavors & Fragrances, Inc. (IFF) Insider Nicolas Mirzayantz Sells 1,233 Shares

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) insider Nicolas Mirzayantz sold 1,233 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total value of $169,192.26. Following the completion of the transaction, the insider now directly owns 45,041 shares in the company, valued at $6,180,526.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nicolas Mirzayantz also recently made the following trade(s):

  • On Monday, July 17th, Nicolas Mirzayantz sold 1,233 shares of Internationa Flavors & Fragrances stock. The stock was sold at an average price of $133.76, for a total value of $164,926.08.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded down 0.33% during trading on Friday, reaching $134.83. The company’s stock had a trading volume of 352,093 shares. The company has a 50 day moving average price of $134.37 and a 200 day moving average price of $132.10. The firm has a market capitalization of $10.65 billion, a P/E ratio of 27.21 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The company had revenue of $842.86 million for the quarter, compared to analysts’ expectations of $845.89 million. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be given a dividend of $0.69 per share. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.76 annualized dividend and a yield of 2.05%. Internationa Flavors & Fragrances’s payout ratio is presently 51.72%.

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A number of analysts have recently commented on IFF shares. Vertical Group downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Deutsche Bank AG upped their target price on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Raymond James Financial, Inc. started coverage on Internationa Flavors & Fragrances in a research note on Friday, July 7th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Internationa 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. Finally, Vertical Research downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $138.08.

A number of institutional investors have recently added to or reduced their stakes in IFF. YorkBridge Wealth Partners LLC raised its stake in shares of Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 146 shares during the period. TrimTabs Asset Management LLC purchased a new stake in shares of Internationa Flavors & Fragrances during the first quarter valued at approximately $122,000. Cornerstone Advisors Inc. raised its stake in shares of Internationa Flavors & Fragrances by 30.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock valued at $143,000 after buying an additional 245 shares during the period. D.A. Davidson & CO. raised its stake in shares of Internationa Flavors & Fragrances by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock valued at $155,000 after buying an additional 78 shares during the period. Institutional investors own 83.80% of the company’s stock.

Internationa 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.

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

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