Insider Selling: International Flavors & Fragrances Inc. (NYSE:IFF) Insider Sells 5,000 Shares of Stock

International Flavors & Fragrances Inc. (NYSE:IFF) insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

International Flavors & Fragrances Trading Down 2.0 %

Shares of IFF opened at $89.43 on Wednesday. The stock has a fifty day moving average price of $101.62 and a two-hundred day moving average price of $98.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.62. The company has a market cap of $22.87 billion, a price-to-earnings ratio of -9.84, a PEG ratio of 1.65 and a beta of 1.22. International Flavors & Fragrances Inc. has a 52-week low of $69.73 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. Analysts predict that International Flavors & Fragrances Inc. will post 4.22 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pictet North America Advisors SA boosted its holdings in International Flavors & Fragrances by 3.1% in the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock valued at $344,000 after acquiring an additional 99 shares during the last quarter. Integrated Advisors Network LLC lifted its position in International Flavors & Fragrances by 1.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock valued at $600,000 after purchasing an additional 107 shares during the period. CWM LLC boosted its stake in shares of International Flavors & Fragrances by 1.7% in the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 109 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of International Flavors & Fragrances by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 117 shares during the period. Finally, Orca Investment Management LLC lifted its holdings in International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock valued at $2,231,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IFF shares. Stifel Nicolaus boosted their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Friday, November 8th. Wells Fargo & Company lifted their target price on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $109.27.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.