Nicolas Mirzayantz Sells 2,500 Shares of International Flavors & Fragrances Inc (NYSE:IFF) Stock

International Flavors & Fragrances Inc (NYSE:IFF) insider Nicolas Mirzayantz sold 2,500 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $142.00, for a total transaction of $355,000.00. Following the sale, the insider now directly owns 40,858 shares of the company’s stock, valued at $5,801,836. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

IFF stock opened at $145.09 on Friday. International Flavors & Fragrances Inc has a 12-month low of $121.85 and a 12-month high of $152.95. The company has a current ratio of 2.56, a quick ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock has a market cap of $15.46 billion, a P/E ratio of 23.10 and a beta of 0.74. The business has a 50 day moving average of $141.71.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. International Flavors & Fragrances had a net margin of 7.29% and a return on equity of 12.74%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $1.79 EPS. International Flavors & Fragrances’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, analysts expect that International Flavors & Fragrances Inc will post 6.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 24th will be paid a $0.73 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.92 dividend on an annualized basis and a yield of 2.01%. International Flavors & Fragrances’s payout ratio is presently 46.50%.

Several research analysts have recently issued reports on IFF shares. Goldman Sachs Group upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their price objective for the company from $137.00 to $151.00 in a report on Thursday, March 21st. Zacks Investment Research cut shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. UBS Group increased their price objective on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. ValuEngine upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Monday, June 3rd. Finally, KeyCorp raised their target price on shares of International Flavors & Fragrances from $143.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $150.25.

Large investors have recently bought and sold shares of the stock. JOYN Advisors Inc. grew its stake in International Flavors & Fragrances by 65.5% in the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 74 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in International Flavors & Fragrances in the 1st quarter worth $26,000. Fort L.P. grew its position in International Flavors & Fragrances by 365.3% in the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 179 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in International Flavors & Fragrances in the 4th quarter worth $37,000. Finally, Kaizen Advisory LLC grew its position in International Flavors & Fragrances by 50.3% in the 4th quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.

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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