International Flavors & Fragrances Inc (NYSE:IFF) Insider Nicolas Mirzayantz Sells 924 Shares

International Flavors & Fragrances Inc (NYSE:IFF) insider Nicolas Mirzayantz sold 924 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $133.26, for a total transaction of $123,132.24. Following the sale, the insider now owns 32,612 shares in the company, valued at approximately $4,345,875.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, October 16th, Nicolas Mirzayantz sold 929 shares of International Flavors & Fragrances stock. The shares were sold at an average price of $118.96, for a total transaction of $110,513.84.
  • On Monday, September 16th, Nicolas Mirzayantz sold 928 shares of International Flavors & Fragrances stock. The shares were sold at an average price of $126.26, for a total transaction of $117,169.28.

International Flavors & Fragrances stock traded up $1.86 during trading hours on Tuesday, hitting $136.88. The company had a trading volume of 1,046,331 shares, compared to its average volume of 1,008,769. The firm has a market capitalization of $14.30 billion, a P/E ratio of 21.80 and a beta of 0.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.05 and a quick ratio of 1.25. The firm’s fifty day moving average is $122.99 and its 200-day moving average is $130.64. International Flavors & Fragrances Inc has a fifty-two week low of $104.86 and a fifty-two week high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 EPS. Analysts anticipate that International Flavors & Fragrances Inc will post 6.18 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in IFF. Swedbank increased its stake in International Flavors & Fragrances by 11.8% in the 2nd quarter. Swedbank now owns 1,403,192 shares of the specialty chemicals company’s stock valued at $203,589,000 after buying an additional 148,419 shares during the period. DNB Asset Management AS increased its stake in International Flavors & Fragrances by 3.3% in the 2nd quarter. DNB Asset Management AS now owns 19,757 shares of the specialty chemicals company’s stock valued at $2,867,000 after buying an additional 638 shares during the period. New England Research & Management Inc. increased its stake in International Flavors & Fragrances by 77.2% in the 2nd quarter. New England Research & Management Inc. now owns 6,025 shares of the specialty chemicals company’s stock valued at $874,000 after buying an additional 2,625 shares during the period. Gulf International Bank UK Ltd increased its stake in International Flavors & Fragrances by 6.1% in the 2nd quarter. Gulf International Bank UK Ltd now owns 22,553 shares of the specialty chemicals company’s stock valued at $3,272,000 after buying an additional 1,294 shares during the period. Finally, Naples Global Advisors LLC increased its stake in International Flavors & Fragrances by 2.8% in the 2nd quarter. Naples Global Advisors LLC now owns 22,351 shares of the specialty chemicals company’s stock valued at $3,243,000 after buying an additional 615 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of International Flavors & Fragrances from $125.00 to $140.00 in a report on Wednesday, November 6th. Citigroup boosted their price target on shares of International Flavors & Fragrances from $126.00 to $137.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. KeyCorp cut their price target on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. UBS Group cut their price target on shares of International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Finally, Barclays restated a “sell” rating on shares of International Flavors & Fragrances in a report on Thursday, November 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $142.00.

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 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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