Winder Investment Pte Ltd Purchases 50,000 Shares of International Flavors & Fragrances Inc (IFF) Stock

International Flavors & Fragrances Inc (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 50,000 shares of the company’s stock in a transaction on Thursday, March 22nd. The stock was bought at an average cost of $134.17 per share, for a total transaction of $6,708,500.00. Following the completion of the transaction, the insider now directly owns 10,470,193 shares of the company’s stock, valued at $1,404,785,794.81. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

International Flavors & Fragrances stock opened at $132.60 on Friday. The company has a market capitalization of $10,517.11, a price-to-earnings ratio of 35.74, a PEG ratio of 2.49 and a beta of 1.13. The company has a current ratio of 2.47, a quick ratio of 1.62 and a debt-to-equity ratio of 0.97. International Flavors & Fragrances Inc has a fifty-two week low of $128.42 and a fifty-two week high of $157.40.

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International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Wednesday, February 14th. The specialty chemicals company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The company had revenue of $854.60 million for the quarter, compared to analyst estimates of $832.26 million. International Flavors & Fragrances had a return on equity of 27.69% and a net margin of 8.70%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $1.22 earnings per share. sell-side analysts predict that International Flavors & Fragrances Inc will post 6.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Monday, March 26th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $2.76 annualized dividend and a yield of 2.08%. International Flavors & Fragrances’s dividend payout ratio is currently 74.39%.

A number of hedge funds have recently made changes to their positions in the stock. First Republic Investment Management Inc. boosted its stake in International Flavors & Fragrances by 15.1% during the third quarter. First Republic Investment Management Inc. now owns 3,445 shares of the specialty chemicals company’s stock valued at $492,000 after buying an additional 451 shares in the last quarter. Cape Cod Five Cents Savings Bank boosted its stake in International Flavors & Fragrances by 6.4% during the fourth quarter. Cape Cod Five Cents Savings Bank now owns 8,031 shares of the specialty chemicals company’s stock valued at $1,226,000 after buying an additional 486 shares in the last quarter. Empire Life Investments Inc. boosted its stake in International Flavors & Fragrances by 1.6% during the fourth quarter. Empire Life Investments Inc. now owns 30,312 shares of the specialty chemicals company’s stock valued at $4,626,000 after buying an additional 486 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in International Flavors & Fragrances by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 14,976 shares of the specialty chemicals company’s stock valued at $2,285,000 after buying an additional 503 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in International Flavors & Fragrances by 7.2% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 7,688 shares of the specialty chemicals company’s stock valued at $1,173,000 after buying an additional 515 shares in the last quarter. 83.58% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on IFF shares. Evercore ISI raised International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. lowered International Flavors & Fragrances from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $140.00 to $130.00 in a report on Friday, March 16th. KeyCorp lowered their price target on International Flavors & Fragrances from $162.00 to $156.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Zacks Investment Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Deutsche Bank lowered their price target on International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $150.13.

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International 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 International Flavors & Fragrances (NYSE:IFF)

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