International Flavors & Fragrances Inc. (NYSE:IFF) insider Nicolas Mirzayantz sold 2,945 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $117.56, for a total transaction of $346,214.20. Following the completion of the sale, the insider now owns 57,071 shares of the company’s stock, valued at $6,709,266.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) traded down 1.22% on Thursday, hitting $119.36. 291,340 shares of the company traded hands. International Flavors & Fragrances Inc. has a 12 month low of $97.24 and a 12 month high of $143.64. The company has a market capitalization of $9.48 billion, a PE ratio of 23.75 and a beta of 1.15. The stock’s 50-day moving average price is $131.22 and its 200-day moving average price is $131.28.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, November 7th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.42 by $0.08. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The business had revenue of $777 million for the quarter, compared to analysts’ expectations of $785.05 million. During the same period in the previous year, the company earned $1.39 earnings per share. International Flavors & Fragrances’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that International Flavors & Fragrances Inc. will post $5.44 earnings per share for the current year.

A number of large investors have recently made changes to their positions in IFF. Global X Management Co. LLC increased its stake in shares of International Flavors & Fragrances by 137.9% in the second quarter. Global X Management Co. LLC now owns 809 shares of the company’s stock valued at $102,000 after buying an additional 469 shares during the last quarter. Quadrant Capital Group LLC boosted its position in International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock valued at $110,000 after buying an additional 4 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in International Flavors & Fragrances by 72.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 990 shares of the company’s stock valued at $125,000 after buying an additional 417 shares during the period. Cornerstone Advisors Inc. boosted its position in International Flavors & Fragrances by 1,929.2% in the third quarter. Cornerstone Advisors Inc. now owns 974 shares of the company’s stock valued at $139,000 after buying an additional 926 shares during the period. Finally, Mycio Wealth Partners LLC boosted its position in International Flavors & Fragrances by 433.2% in the second quarter. Mycio Wealth Partners LLC now owns 1,109 shares of the company’s stock valued at $140,000 after buying an additional 901 shares during the period. 80.48% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on IFF. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $146.00 target price for the company in a research note on Wednesday, October 26th. Sanford C. Bernstein began coverage on shares of International Flavors & Fragrances in a research note on Monday, September 19th. They issued an “outperform” rating and a $160.00 target price for the company. Gabelli downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Argus raised their target price on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Finally, Stifel Nicolaus lowered their target price on shares of International Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating for the company in a research note on Tuesday, November 8th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $145.04.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

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