Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Major Shareholder Purchases $13,490,000.00 in Stock

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 100,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $134.90 per share, with a total value of $13,490,000.00. Following the transaction, the insider now owns 10,278,401 shares in the company, valued at approximately $1,386,556,294.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 9th, Winder Investment Pte Ltd bought 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 Monday, August 7th, Winder Investment Pte Ltd bought 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 bought 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 bought 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 bought 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 acquired 80,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $133.27 per share, with a total value of $10,661,600.00.
  • On Tuesday, August 1st, Winder Investment Pte Ltd acquired 18,214 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $134.30 per share, with a total value of $2,446,140.20.
  • On Friday, July 28th, Winder Investment Pte Ltd acquired 79,204 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $133.18 per share, with a total value of $10,548,388.72.
  • On Thursday, July 27th, Winder Investment Pte Ltd acquired 80,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $133.67 per share, with a total value of $10,693,600.00.
  • On Wednesday, July 26th, Winder Investment Pte Ltd acquired 80,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average cost of $133.36 per share, with a total value of $10,668,800.00.

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at 135.38 on Friday. The company’s 50 day moving average is $134.23 and its 200-day moving average is $131.49. The stock has a market cap of $10.69 billion, a PE ratio of 27.32 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.

Internationa Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results 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. The company had revenue of $842.86 million for the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business earned $1.47 earnings per share. Equities research analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, September 22nd. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is currently 51.72%.

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IFF has been the subject of a number of recent research reports. BidaskClub downgraded shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Monday, May 1st. Deutsche Bank AG boosted their price objective on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Vertical Group downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Vertical Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $140.61.

A number of hedge funds have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board raised its stake in Internationa Flavors & Fragrances by 64.0% in the second quarter. Ontario Teachers Pension Plan Board now owns 60,956 shares of the specialty chemicals company’s stock valued at $8,229,000 after buying an additional 23,785 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in Internationa Flavors & Fragrances during the second quarter valued at approximately $7,975,000. Dimensional Fund Advisors LP raised its stake in Internationa Flavors & Fragrances by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 256,602 shares of the specialty chemicals company’s stock valued at $34,639,000 after buying an additional 14,604 shares in the last quarter. Renaissance Technologies LLC raised its stake in Internationa Flavors & Fragrances by 5,138.5% in the second quarter. Renaissance Technologies LLC now owns 136,200 shares of the specialty chemicals company’s stock valued at $18,387,000 after buying an additional 133,600 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Internationa Flavors & Fragrances by 1.8% in the second quarter. Parametric Portfolio Associates LLC now owns 107,224 shares of the specialty chemicals company’s stock valued at $14,475,000 after buying an additional 1,887 shares in the last quarter. Institutional investors own 84.53% of the company’s stock.

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.

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

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