Winder Investment Pte Ltd Purchases 4,800 Shares of International Flavors & Fragrances, Inc. (IFF) Stock

International Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd acquired 4,800 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, April 4th. The stock was bought at an average price of $134.59 per share, for a total transaction of $646,032.00. Following the completion of the acquisition, the insider now owns 10,654,993 shares in the company, valued at approximately $1,434,055,507.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

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  • On Monday, April 2nd, Winder Investment Pte Ltd purchased 55,596 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.01 per share, for a total transaction of $7,450,419.96.
  • On Wednesday, March 28th, Winder Investment Pte Ltd purchased 1,100 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.99 per share, for a total transaction of $148,489.00.
  • On Monday, March 26th, Winder Investment Pte Ltd purchased 23,304 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.54 per share, for a total transaction of $3,135,320.16.
  • On Thursday, March 22nd, Winder Investment Pte Ltd purchased 50,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.17 per share, for a total transaction of $6,708,500.00.

IFF stock opened at $135.33 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.62 and a current ratio of 2.47. International Flavors & Fragrances, Inc. has a fifty-two week low of $128.42 and a fifty-two week high of $157.40. The company has a market cap of $10,914.11, a P/E ratio of 23.48, a PEG ratio of 2.59 and a beta of 1.12.

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

The company also recently announced a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Monday, March 26th were paid a dividend of $0.69 per share. The ex-dividend date was Friday, March 23rd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.04%. International Flavors & Fragrances’s payout ratio is 46.86%.

A number of analysts have issued reports on the stock. JPMorgan Chase lowered shares of International Flavors & Fragrances from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $140.00 to $130.00 in a research note on Friday, March 16th. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays set a $131.00 price target on shares of International Flavors & Fragrances and gave the stock a “sell” rating in a research note on Thursday, March 15th. Deutsche Bank cut their price target on shares of International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. Finally, Evercore ISI upgraded shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $150.13.

Hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in shares of International Flavors & Fragrances by 7.5% during the fourth quarter. Teachers Advisors LLC now owns 113,289 shares of the specialty chemicals company’s stock worth $17,289,000 after buying an additional 7,936 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of International Flavors & Fragrances by 3.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 372,249 shares of the specialty chemicals company’s stock worth $53,199,000 after buying an additional 13,225 shares during the period. Engadine Partners LLP purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter worth approximately $38,818,000. Candriam Luxembourg S.C.A. boosted its holdings in International Flavors & Fragrances by 7.2% in 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 purchasing an additional 515 shares in the last quarter. Finally, Profund Advisors LLC boosted its holdings in International Flavors & Fragrances by 73.9% in the fourth quarter. Profund Advisors LLC now owns 8,213 shares of the specialty chemicals company’s stock valued at $1,253,000 after purchasing an additional 3,491 shares in the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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