Insider Buying: Internationa Flavors & Fragrances, Inc. (IFF) Major Shareholder Buys 33,235 Shares of Stock

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd purchased 33,235 shares of the stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $134.75 per share, with a total value of $4,478,416.25. Following the completion of the transaction, the insider now owns 10,329,720 shares of the company’s stock, valued at $1,391,929,770. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Major 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, August 9th, Winder Investment Pte Ltd purchased 18,084 shares of Internationa Flavors & Fragrances stock. The shares were purchased 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 purchased 100,000 shares of Internationa Flavors & Fragrances stock. The shares were purchased 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 purchased 100,000 shares of Internationa Flavors & Fragrances stock. The shares were purchased at an average price of $134.84 per share, with a total value of $13,484,000.00.
  • On Friday, August 4th, Winder Investment Pte Ltd purchased 59,190 shares of Internationa Flavors & Fragrances stock. The shares were purchased at an average price of $134.62 per share, with a total value of $7,968,157.80.
  • On Thursday, August 3rd, Winder Investment Pte Ltd purchased 100,000 shares of Internationa Flavors & Fragrances stock. The shares were purchased 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 purchased 80,000 shares of Internationa Flavors & Fragrances stock. The shares were purchased 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 purchased 80,000 shares of Internationa Flavors & Fragrances stock. The shares were 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 purchased 18,214 shares of Internationa Flavors & Fragrances stock. The shares were 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 purchased 79,204 shares of Internationa Flavors & Fragrances stock. The shares were 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 bought 80,000 shares of Internationa Flavors & Fragrances stock. The stock was bought at an average price of $133.67 per share, with a total value of $10,693,600.00.

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded up 0.04% during mid-day trading on Monday, reaching $134.88. The company’s stock had a trading volume of 271,270 shares. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64. The stock’s 50 day moving average price is $134.37 and its 200 day moving average price is $132.10. The stock has a market capitalization of $10.65 billion, a P/E ratio of 27.22 and a beta of 1.11.

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

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

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IFF has been the subject of a number of recent research reports. Vertical Group lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Deutsche Bank AG lifted their target price on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Raymond James Financial, Inc. initiated coverage on Internationa Flavors & Fragrances in a report on Friday, July 7th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Monday, May 1st. Finally, Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $138.08.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Internationa Flavors & Fragrances by 2,877.1% in the first quarter. BlackRock Inc. now owns 4,920,948 shares of the specialty chemicals company’s stock worth $652,173,000 after buying an additional 4,755,656 shares during the last quarter. Vanguard Group Inc. boosted its position in 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. Winder Investment Pte Ltd boosted its position in 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. UBS Asset Management Americas Inc. boosted its position in Internationa Flavors & Fragrances by 131.6% in the first quarter. UBS Asset Management Americas Inc. now owns 887,276 shares of the specialty chemicals company’s stock worth $117,591,000 after buying an additional 504,228 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Internationa Flavors & Fragrances by 48.3% in the first quarter. Victory Capital Management Inc. now owns 644,954 shares of the specialty chemicals company’s stock worth $85,476,000 after buying an additional 210,177 shares during the last quarter. 83.80% of the stock is owned by institutional investors.

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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