Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd purchased 10,301 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average cost of $134.87 per share, with a total value of $1,389,295.87. Following the acquisition, the insider now owns 10,346,621 shares of the company’s stock, valued at $1,395,448,774.27. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Winder Investment Pte Ltd also recently made the following trade(s):
- On Thursday, August 24th, Winder Investment Pte Ltd purchased 18,300 shares of Internationa Flavors & Fragrances stock. The stock was bought at an average cost of $135.26 per share, with a total value of $2,475,258.00.
- On Tuesday, August 22nd, Winder Investment Pte Ltd purchased 6,600 shares of Internationa Flavors & Fragrances stock. The stock was bought at an average cost of $135.36 per share, with a total value of $893,376.00.
- On Friday, August 18th, Winder Investment Pte Ltd purchased 33,235 shares of Internationa Flavors & Fragrances stock. The stock was bought at an average cost of $134.75 per share, with a total value of $4,478,416.25.
- 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.
Shares of Internationa Flavors & Fragrances, Inc. (IFF) traded up 0.51% during trading on Friday, hitting $135.92. 168,842 shares of the stock traded hands. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 27.43 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64. The firm has a 50-day moving average of $134.54 and a 200-day moving average of $132.75.
Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data 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 business had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. On average, equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be given a dividend of $0.69 per share. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is presently 51.72%.
A number of analysts recently weighed in on IFF shares. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Monday, May 1st. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Raymond James Financial, Inc. started coverage on shares of Internationa Flavors & Fragrances in a report on Friday, July 7th. They issued a “market perform” rating for the company. Stifel Nicolaus reissued a “hold” rating and issued a $136.00 price target (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday, June 16th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $139.00 price target (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $138.08.
Several hedge funds have recently added to or reduced their stakes in IFF. Strs Ohio increased its stake in Internationa Flavors & Fragrances by 4.9% in the first quarter. Strs Ohio now owns 10,542 shares of the specialty chemicals company’s stock worth $1,397,000 after buying an additional 491 shares in the last quarter. Korea Investment CORP increased its stake in Internationa Flavors & Fragrances by 36,814.9% in the first quarter. Korea Investment CORP now owns 34,700 shares of the specialty chemicals company’s stock worth $4,599,000 after buying an additional 34,606 shares in the last quarter. BTIM Corp. increased its stake in Internationa Flavors & Fragrances by 21.5% in the first quarter. BTIM Corp. now owns 88,576 shares of the specialty chemicals company’s stock worth $11,739,000 after buying an additional 15,663 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Internationa Flavors & Fragrances by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the specialty chemicals company’s stock worth $262,000 after buying an additional 79 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in Internationa Flavors & Fragrances by 3.8% in the first quarter. Nationwide Fund Advisors now owns 22,499 shares of the specialty chemicals company’s stock worth $2,982,000 after buying an additional 832 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.
Internationa 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.
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