Insider Buying: International Flavors & Fragrances Inc (IFF) Major Shareholder Buys $13,675,000.00 in Stock

International Flavors & Fragrances Inc (NYSE:IFF) major shareholder Winder Investment Pte Ltd acquired 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was bought at an average cost of $136.75 per share, for a total transaction of $13,675,000.00. Following the completion of the purchase, the insider now owns 17,913,631 shares of the company’s stock, valued at $2,449,689,039.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more 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 Monday, September 17th, Winder Investment Pte Ltd acquired 2,272,160 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $130.25 per share, for a total transaction of $295,948,840.00.
  • On Friday, August 10th, Winder Investment Pte Ltd acquired 100,000 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $133.85 per share, for a total transaction of $13,385,000.00.
  • On Wednesday, August 8th, Winder Investment Pte Ltd acquired 180,000 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $134.13 per share, for a total transaction of $24,143,400.00.
  • On Monday, August 6th, Winder Investment Pte Ltd acquired 45,000 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $134.56 per share, for a total transaction of $6,055,200.00.
  • On Friday, August 3rd, Winder Investment Pte Ltd acquired 127,500 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $134.04 per share, for a total transaction of $17,090,100.00.
  • On Wednesday, August 1st, Winder Investment Pte Ltd acquired 122,500 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $132.41 per share, for a total transaction of $16,220,225.00.
  • On Wednesday, July 25th, Winder Investment Pte Ltd acquired 76,800 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $128.22 per share, for a total transaction of $9,847,296.00.
  • On Monday, July 23rd, Winder Investment Pte Ltd acquired 104,808 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $127.58 per share, for a total transaction of $13,371,404.64.
  • On Friday, July 20th, Winder Investment Pte Ltd acquired 95,192 shares of International Flavors & Fragrances stock. The stock was bought at an average cost of $128.89 per share, for a total transaction of $12,269,296.88.

Shares of IFF opened at $139.12 on Friday. International Flavors & Fragrances Inc has a 52-week low of $122.11 and a 52-week high of $157.40. The company has a current ratio of 2.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.43 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.05. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. The firm had revenue of $920.02 million for the quarter, compared to analyst estimates of $899.62 million. During the same period in the previous year, the firm earned $1.50 earnings per share. Equities analysts predict that International Flavors & Fragrances Inc will post 6.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Monday, September 24th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, September 21st. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.69. This represents a $2.92 annualized dividend and a yield of 2.10%. International Flavors & Fragrances’s payout ratio is 49.58%.

Institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new position in International Flavors & Fragrances in the second quarter valued at approximately $113,000. Psagot Investment House Ltd. acquired a new position in International Flavors & Fragrances in the second quarter valued at approximately $148,000. Raymond James Trust N.A. acquired a new position in International Flavors & Fragrances in the third quarter valued at approximately $203,000. Pennsylvania Trust Co acquired a new position in International Flavors & Fragrances in the third quarter valued at approximately $217,000. Finally, Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances in the second quarter valued at approximately $200,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on IFF shares. ValuEngine raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Deutsche Bank raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $126.00 to $154.00 in a research note on Tuesday, October 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $139.00 price objective (up from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $149.33.

International Flavors & Fragrances Company Profile

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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Insider Buying and Selling by Quarter for International Flavors & Fragrances (NYSE:IFF)

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