Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was purchased at an average cost of $133.36 per share, for a total transaction of $10,668,800.00. Following the completion of the transaction, the insider now directly owns 9,581,793 shares in the company, valued at approximately $1,277,827,914.48. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Tuesday, August 8th, Winder Investment Pte Ltd bought 100,000 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average cost of $134.90 per share, for a total transaction of $13,490,000.00.
- On Monday, August 7th, Winder Investment Pte Ltd bought 100,000 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average cost of $134.84 per share, for a total transaction 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 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 stock was bought 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 stock was bought 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 stock was bought 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 stock was bought 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 stock was bought 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 shares were acquired at an average price of $133.67 per share, with a total value of $10,693,600.00.
- On Tuesday, July 25th, Winder Investment Pte Ltd bought 40,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average price of $133.74 per share, with a total value of $5,349,600.00.
Shares of Internationa Flavors & Fragrances, Inc. (IFF) traded up 3.74% during trading on Wednesday, hitting $139.68. 1,016,974 shares of the stock were exchanged. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $143.64. The firm has a market capitalization of $11.03 billion, a P/E ratio of 27.78 and a beta of 1.11. The firm has a 50 day moving average price of $134.28 and a 200 day moving average price of $130.75.
Internationa Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.72% and a return on equity of 26.75%. The business had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. During the same period in the prior year, the firm earned $1.47 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. Analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.75 EPS for the current fiscal year.
The company also recently declared 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. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is presently 50.89%.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 price target on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. BidaskClub raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday. Vertical Research cut shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Deutsche Bank AG raised their target price on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Internationa Flavors & Fragrances has an average rating of “Hold” and an average price target of $139.22.
Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Internationa Flavors & Fragrances by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 240,128 shares of the specialty chemicals company’s stock valued at $28,296,000 after buying an additional 2,445 shares during the period. Quadrature Capital Ltd boosted its position in Internationa Flavors & Fragrances by 151.8% in the fourth quarter. Quadrature Capital Ltd now owns 16,910 shares of the specialty chemicals company’s stock valued at $1,993,000 after buying an additional 10,194 shares during the period. Perigon Wealth Management LLC boosted its position in Internationa Flavors & Fragrances by 12.0% in the fourth quarter. Perigon Wealth Management LLC now owns 3,079 shares of the specialty chemicals company’s stock valued at $385,000 after buying an additional 330 shares during the period. Teachers Advisors LLC boosted its position in Internationa Flavors & Fragrances by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 91,166 shares of the specialty chemicals company’s stock valued at $10,742,000 after buying an additional 6,908 shares during the period. Finally, Kentucky Retirement Systems bought a new position in Internationa Flavors & Fragrances during the fourth quarter valued at $679,000. 84.53% of the stock is currently owned by hedge funds and other 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.
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