Insider Selling: International Flavors & Fragrances Inc (NYSE:IFF) Insider Sells 928 Shares of Stock

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International Flavors & Fragrances Inc (NYSE:IFF) insider Nicolas Mirzayantz sold 928 shares of International Flavors & Fragrances stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $144.69, for a total value of $134,272.32. Following the completion of the sale, the insider now directly owns 36,322 shares in the company, valued at approximately $5,255,430.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nicolas Mirzayantz also recently made the following trade(s):

  • On Monday, June 17th, Nicolas Mirzayantz sold 972 shares of International Flavors & Fragrances stock. The shares were sold at an average price of $148.79, for a total value of $144,623.88.
  • On Thursday, June 6th, Nicolas Mirzayantz sold 2,636 shares of International Flavors & Fragrances stock. The shares were sold at an average price of $147.00, for a total value of $387,492.00.
  • On Tuesday, June 4th, Nicolas Mirzayantz sold 2,500 shares of International Flavors & Fragrances stock. The shares were sold at an average price of $142.00, for a total value of $355,000.00.
  • On Thursday, May 16th, Nicolas Mirzayantz sold 3,472 shares of International Flavors & Fragrances stock. The shares were sold at an average price of $136.73, for a total value of $474,726.56.

NYSE IFF traded down $1.72 during trading on Wednesday, reaching $143.09. 467,300 shares of the company’s stock were exchanged, compared to its average volume of 929,311. The firm’s 50 day simple moving average is $144.71. The firm has a market capitalization of $15.44 billion, a PE ratio of 22.79 and a beta of 0.76. The company has a quick ratio of 1.58, a current ratio of 2.56 and a debt-to-equity ratio of 0.72. International Flavors & Fragrances Inc has a fifty-two week low of $121.85 and a fifty-two week high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The business’s revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 earnings per share. On average, analysts forecast that International Flavors & Fragrances Inc will post 6.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, June 24th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.50%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lenox Wealth Management Inc. acquired a new position in International Flavors & Fragrances during the first quarter worth approximately $26,000. Kaizen Advisory LLC increased its position in International Flavors & Fragrances by 50.3% during the fourth quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 91 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of International Flavors & Fragrances during the first quarter worth approximately $38,000. Field & Main Bank bought a new stake in shares of International Flavors & Fragrances during the first quarter worth approximately $39,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of International Flavors & Fragrances by 28.6% during the first quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 80 shares during the period. 88.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on IFF shares. KeyCorp lowered their target price on At Home Group from $35.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, June 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Exane BNP Paribas downgraded International Flavors & Fragrances to an “underperform” rating in a research report on Friday, June 21st. UBS Group reaffirmed a “buy” rating and issued a $25.00 target price on shares of Infineon Technologies in a research report on Tuesday, May 7th. Finally, BNP Paribas downgraded International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a research report on Friday, June 21st. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $150.25.

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 three segments: Taste, Scent, and Frutarom. The Taste 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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Insider Buying and Selling by Quarter for International Flavors & Fragrances (NYSE:IFF)

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