Insider Buying: Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Major Shareholder Acquires 79,204 Shares of Stock

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd purchased 79,204 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was bought at an average cost of $133.18 per share, with a total value of $10,548,388.72. Following the completion of the acquisition, the insider now directly owns 9,740,997 shares of the company’s stock, valued at approximately $1,297,305,980.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost of $133.27 per share, with a total value of $10,661,600.00.
  • On Tuesday, August 1st, Winder Investment Pte Ltd bought 18,214 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $134.30 per share, with a total value of $2,446,140.20.
  • On Thursday, July 27th, Winder Investment Pte Ltd bought 80,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $133.67 per share, with a total value of $10,693,600.00.
  • On Wednesday, July 26th, Winder Investment Pte Ltd bought 80,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $133.36 per share, with a total value of $10,668,800.00.

Internationa Flavors & Fragrances, Inc. (IFF) traded down 0.33% during mid-day trading on Friday, hitting $134.83. The stock had a trading volume of 352,093 shares. Internationa Flavors & Fragrances, Inc. has a 12-month low of $113.16 and a 12-month high of $143.64. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 27.21 and a beta of 1.11. The company has a 50-day moving average of $134.37 and a 200-day moving average of $132.10.

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, beating the Zacks’ consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 earnings per share. On average, analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.79 earnings per share for the current fiscal year.

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.05%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

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Several hedge funds have recently added to or reduced their stakes in IFF. YorkBridge Wealth Partners LLC raised its stake in 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 worth $100,000 after buying an additional 146 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in Internationa Flavors & Fragrances during the first quarter worth about $122,000. Cornerstone Advisors Inc. raised its stake in 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 worth $143,000 after buying an additional 245 shares during the last quarter. D.A. Davidson & CO. raised its stake in 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 worth $144,000 after buying an additional 5 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in 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 worth $155,000 after buying an additional 78 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

IFF has been the subject of several research analyst reports. Zacks Investment Research raised Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Monday, May 1st. BidaskClub downgraded Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Raymond James Financial, Inc. initiated coverage on Internationa Flavors & Fragrances in a research note on Friday, July 7th. They set a “market perform” rating for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 target price (up from $129.00) on shares of Internationa Flavors & Fragrances in a research note on Friday, June 16th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $138.08.

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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