Internationa Flavors & Fragrances, Inc. (NYSE:IFF) EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total value of $40,308.00. Following the completion of the sale, the executive vice president now owns 19,994 shares of the company’s stock, valued at approximately $2,686,393.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded up 0.35% on Friday, reaching $134.80. The company had a trading volume of 354,693 shares. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $143.64. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 26.81 and a beta of 1.11. The firm has a 50 day moving average price of $134.28 and a 200-day moving average price of $130.75.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.01. The firm had revenue of $828.30 million for the quarter, compared to analyst estimates of $833.73 million. Internationa Flavors & Fragrances had a return on equity of 26.75% and a net margin of 12.72%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. Analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 25th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.05%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is 50.89%.

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Several analysts have recently weighed in on IFF shares. Vertical Group lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Zacks Investment Research lowered Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Deutsche Bank AG upped their target price on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Vertical Research downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Raymond James Financial, Inc. assumed coverage on Internationa Flavors & Fragrances in a report on Friday, July 7th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $139.22.

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Internationa Flavors & Fragrances by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 240,128 shares of the specialty chemicals company’s stock worth $28,296,000 after buying an additional 2,445 shares during the period. Teachers Advisors LLC raised its stake in shares of Internationa Flavors & Fragrances by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 91,166 shares of the specialty chemicals company’s stock worth $10,742,000 after buying an additional 6,908 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Internationa Flavors & Fragrances during the fourth quarter worth approximately $679,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Internationa Flavors & Fragrances during the fourth quarter worth approximately $303,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Internationa Flavors & Fragrances during the fourth quarter worth approximately $594,000. Institutional investors own 84.33% of the company’s stock.

About Internationa Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Insider Buying and Selling by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)

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