Insider Buying: Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Major Shareholder Purchases 59,190 Shares of Stock

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 59,190 shares of the stock in a transaction dated Friday, August 4th. The shares were acquired at an average price of $134.62 per share, with a total value of $7,968,157.80. Following the completion of the acquisition, the insider now directly owns 10,078,401 shares of the company’s stock, valued at approximately $1,356,754,342.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 9th, Winder Investment Pte Ltd bought 18,084 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average price of $135.33 per share, with a total value of $2,447,307.72.
  • On Tuesday, August 8th, Winder Investment Pte Ltd bought 100,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average price of $134.90 per share, with a total value of $13,490,000.00.
  • On Monday, August 7th, Winder Investment Pte Ltd bought 100,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average price of $134.84 per share, with a total value of $13,484,000.00.
  • On Thursday, August 3rd, Winder Investment Pte Ltd bought 100,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average price of $133.35 per share, with a total value of $13,335,000.00.
  • On Wednesday, August 2nd, Winder Investment Pte Ltd bought 80,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average price of $133.99 per share, with a total value of $10,719,200.00.
  • On Monday, July 31st, Winder Investment Pte Ltd acquired 80,000 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average price of $133.27 per share, with a total value of $10,661,600.00.
  • On Tuesday, August 1st, Winder Investment Pte Ltd acquired 18,214 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average price of $134.30 per share, with a total value of $2,446,140.20.
  • On Friday, July 28th, Winder Investment Pte Ltd acquired 79,204 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average price of $133.18 per share, with a total value of $10,548,388.72.
  • On Thursday, July 27th, Winder Investment Pte Ltd acquired 80,000 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average price of $133.67 per share, with a total value of $10,693,600.00.
  • On Wednesday, July 26th, Winder Investment Pte Ltd acquired 80,000 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average price of $133.36 per share, with a total value of $10,668,800.00.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded down 0.33% during midday trading on Friday, hitting $134.83. 352,093 shares of the stock were exchanged. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $143.64. The firm’s 50-day moving average is $134.37 and its 200-day moving average is $132.10. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 27.21 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. The business had revenue of $842.86 million during the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 EPS. Equities research analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 25th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, September 22nd. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is currently 51.72%.

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IFF has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Vertical Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Deutsche Bank AG boosted their price objective on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Finally, Raymond James Financial, Inc. started coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $138.08.

Several institutional investors have recently made changes to their positions in the stock. Winder Investment Pte Ltd boosted its stake in shares of Internationa Flavors & Fragrances by 6.9% in the second quarter. Winder Investment Pte Ltd now owns 9,250,793 shares of the specialty chemicals company’s stock worth $1,248,857,000 after buying an additional 595,140 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Internationa Flavors & Fragrances by 8.2% in the second quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock worth $1,183,352,000 after buying an additional 666,120 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Internationa Flavors & Fragrances by 2.3% in the second quarter. BlackRock Inc. now owns 5,034,108 shares of the specialty chemicals company’s stock worth $679,605,000 after buying an additional 113,160 shares during the last quarter. State Street Corp boosted its stake in shares of Internationa Flavors & Fragrances by 0.5% in the first quarter. State Street Corp now owns 3,499,382 shares of the specialty chemicals company’s stock worth $463,783,000 after buying an additional 16,648 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Internationa Flavors & Fragrances by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 2,360,327 shares of the specialty chemicals company’s stock worth $312,814,000 after buying an additional 54,086 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

About Internationa Flavors & Fragrances

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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