Insider Buying: International Flavors & Fragrances Inc (IFF) Major Shareholder Purchases 100,000 Shares of Stock

International Flavors & Fragrances Inc (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 100,000 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were acquired at an average cost of $131.03 per share, for a total transaction of $13,103,000.00. Following the completion of the transaction, the insider now owns 8,655,653 shares of the company’s stock, valued at approximately $1,134,150,212.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, March 16th, Winder Investment Pte Ltd bought 70,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $128.38 per share, for a total transaction of $8,986,600.00.
  • On Wednesday, March 15th, Winder Investment Pte Ltd bought 70,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $127.31 per share, for a total transaction of $8,911,700.00.
  • On Tuesday, March 14th, Winder Investment Pte Ltd bought 70,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $126.31 per share, for a total transaction of $8,841,700.00.
  • On Friday, March 10th, Winder Investment Pte Ltd bought 65,331 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $125.03 per share, for a total transaction of $8,168,334.93.
  • On Monday, March 13th, Winder Investment Pte Ltd bought 52,682 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $126.19 per share, for a total transaction of $6,647,941.58.
  • On Thursday, March 9th, Winder Investment Pte Ltd bought 70,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $123.65 per share, for a total transaction of $8,655,500.00.
  • On Wednesday, March 8th, Winder Investment Pte Ltd bought 70,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $124.47 per share, for a total transaction of $8,712,900.00.
  • On Monday, March 6th, Winder Investment Pte Ltd bought 70,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $124.71 per share, for a total transaction of $8,729,700.00.
  • On Tuesday, March 7th, Winder Investment Pte Ltd bought 70,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average cost of $123.81 per share, for a total transaction of $8,666,700.00.

Shares of International Flavors & Fragrances Inc (NYSE:IFF) traded up 2.50% during trading on Monday, reaching $135.40. The company’s stock had a trading volume of 1,545,499 shares. The company’s 50-day moving average price is $122.44 and its 200 day moving average price is $125.89. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 26.81 and a beta of 1.04. International Flavors & Fragrances Inc has a 1-year low of $111.74 and a 1-year high of $143.64.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Wednesday, February 15th. The company reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.06. The firm earned $762.60 million during the quarter, compared to analyst estimates of $753.62 million. International Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. During the same quarter in the previous year, the business earned $1.05 EPS. Analysts anticipate that International Flavors & Fragrances Inc will post $5.78 EPS for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, April 7th. Shareholders of record on Monday, March 27th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 23rd. International Flavors & Fragrances’s dividend payout ratio is 51.82%.

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A number of analysts have recently issued reports on the company. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, February 21st. Barclays PLC set a $112.00 price target on International Flavors & Fragrances and gave the stock a “sell” rating in a research note on Saturday, February 18th. Consumer Edge downgraded International Flavors & Fragrances from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 16th. Evercore ISI began coverage on International Flavors & Fragrances in a research note on Monday, February 13th. They issued a “hold” rating and a $125.00 price target for the company. Finally, Exane BNP Paribas downgraded International Flavors & Fragrances from an “outperform” rating to a “neutral” rating and set a $132.00 price target for the company. in a research note on Friday, January 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. International Flavors & Fragrances presently has an average rating of “Hold” and a consensus price target of $138.24.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in International Flavors & Fragrances by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 1,089 shares of the company’s stock worth $128,000 after buying an additional 53 shares in the last quarter. Cornerstone Advisors Inc. raised its position in International Flavors & Fragrances by 1,929.2% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock worth $139,000 after buying an additional 926 shares in the last quarter. BRYN MAWR TRUST Co purchased a new position in International Flavors & Fragrances during the third quarter worth $200,000. Nicholas Hoffman & Company LLC. purchased a new position in International Flavors & Fragrances during the third quarter worth $204,000. Finally, Atria Investments LLC purchased a new position in International Flavors & Fragrances during the third quarter worth $209,000. 77.76% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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