International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report) CAO Marc Birenkrant sold 1,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $85.00, for a total transaction of $85,000.00. Following the sale, the chief accounting officer directly owned 3,446 shares in the company, valued at $292,910. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
International Flavors & Fragrances Price Performance
NYSE IFF opened at $83.82 on Thursday. The company has a market cap of $21.39 billion, a price-to-earnings ratio of 76.90, a PEG ratio of 3.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 1.72. The stock’s fifty day moving average price is $78.42 and its 200 day moving average price is $75.77. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $89.32.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 EPS. As a group, equities research analysts forecast that International Flavors & Fragrances Inc. will post 3.06 earnings per share for the current year.
International Flavors & Fragrances Dividend Announcement
International Flavors & Fragrances announced that its Board of Directors has approved a share buyback plan on Tuesday, August 4th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the specialty chemicals company to buy up to 12.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC lifted its stake in shares of International Flavors & Fragrances by 27.5% in the 4th quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock valued at $595,166,000 after purchasing an additional 1,904,598 shares during the period. UBS Group AG grew its position in International Flavors & Fragrances by 53.5% during the fourth quarter. UBS Group AG now owns 1,695,343 shares of the specialty chemicals company’s stock valued at $114,249,000 after buying an additional 590,997 shares during the period. Swiss Life Asset Management Ltd increased its holdings in International Flavors & Fragrances by 117.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 148,377 shares of the specialty chemicals company’s stock valued at $9,999,000 after buying an additional 80,014 shares in the last quarter. Strs Ohio raised its position in shares of International Flavors & Fragrances by 346.2% in the fourth quarter. Strs Ohio now owns 27,337 shares of the specialty chemicals company’s stock worth $1,842,000 after acquiring an additional 21,211 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of International Flavors & Fragrances by 38.6% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 784,570 shares of the specialty chemicals company’s stock worth $56,921,000 after acquiring an additional 218,420 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have issued reports on IFF shares. Berenberg Bank raised their price target on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of International Flavors & Fragrances from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, June 1st. Oppenheimer raised their target price on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Jefferies Financial Group boosted their target price on shares of International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Finally, BNP Paribas Exane upped their price target on shares of International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $92.16.
Get Our Latest Stock Report on International Flavors & Fragrances
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.
IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.
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