Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd acquired 18,300 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were bought at an average price of $135.26 per share, for a total transaction of $2,475,258.00. Following the completion of the purchase, the insider now owns 10,364,921 shares in the company, valued at approximately $1,401,959,214.46. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Winder Investment Pte Ltd also recently made the following trade(s):

  • On Wednesday, August 23rd, Winder Investment Pte Ltd acquired 10,301 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $134.87 per share, for a total transaction of $1,389,295.87.
  • On Tuesday, August 22nd, Winder Investment Pte Ltd acquired 6,600 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $135.36 per share, for a total transaction of $893,376.00.
  • On Friday, August 18th, Winder Investment Pte Ltd acquired 33,235 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $134.75 per share, for a total transaction of $4,478,416.25.
  • On Wednesday, August 9th, Winder Investment Pte Ltd acquired 18,084 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $135.33 per share, for a total transaction of $2,447,307.72.
  • On Tuesday, August 8th, Winder Investment Pte Ltd acquired 100,000 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $134.90 per share, for a total transaction of $13,490,000.00.
  • On Monday, August 7th, Winder Investment Pte Ltd acquired 100,000 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $134.84 per share, for a total transaction of $13,484,000.00.
  • On Friday, August 4th, Winder Investment Pte Ltd acquired 59,190 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $134.62 per share, for a total transaction of $7,968,157.80.
  • On Thursday, August 3rd, Winder Investment Pte Ltd acquired 100,000 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $133.35 per share, for a total transaction of $13,335,000.00.
  • On Wednesday, August 2nd, Winder Investment Pte Ltd acquired 80,000 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average price of $133.99 per share, for a total transaction of $10,719,200.00.
  • On Monday, July 31st, Winder Investment Pte Ltd bought 80,000 shares of Internationa Flavors & Fragrances stock. The shares were acquired at an average price of $133.27 per share, for a total transaction of $10,661,600.00.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 135.92 on Monday. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $143.64. The company has a 50-day moving average price of $134.54 and a 200-day moving average price of $132.75. The company has a market capitalization of $10.73 billion, a PE ratio of 27.43 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The business had revenue of $842.86 million during the quarter, compared to analysts’ expectations of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current year.

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, September 22nd. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s payout ratio is 51.72%.

COPYRIGHT VIOLATION NOTICE: “Insider Buying: Internationa Flavors & Fragrances, Inc. (IFF) Major Shareholder Buys $2,475,258.00 in Stock” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/28/insider-buying-internationa-flavors-fragrances-inc-iff-major-shareholder-buys-2475258-00-in-stock.html.

A number of research firms have recently commented on IFF. KeyCorp reiterated a “buy” rating and set a $148.00 target price on shares of Internationa Flavors & Fragrances in a research note on Thursday. Zacks Investment Research cut Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Barclays PLC reiterated a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 target price (up from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. Finally, BidaskClub upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Internationa Flavors & Fragrances has a consensus rating of “Hold” and an average price target of $138.91.

Institutional investors have recently modified their holdings of the stock. Winder Investment Pte Ltd boosted its position in shares of Internationa Flavors & Fragrances by 6.9% in the second quarter. Winder Investment Pte Ltd now owns 9,250,793 shares of the specialty chemicals company’s stock valued at $1,248,857,000 after buying an additional 595,140 shares during the period. Vanguard Group Inc. boosted its position in shares of Internationa Flavors & Fragrances by 8.2% in the second quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock valued at $1,183,352,000 after buying an additional 666,120 shares during the period. BlackRock Inc. boosted its position in shares of Internationa Flavors & Fragrances by 2.3% in the second quarter. BlackRock Inc. now owns 5,034,108 shares of the specialty chemicals company’s stock valued at $679,605,000 after buying an additional 113,160 shares during the period. State Street Corp boosted its position in shares of Internationa Flavors & Fragrances by 0.5% in the first quarter. State Street Corp now owns 3,499,382 shares of the specialty chemicals company’s stock valued at $463,783,000 after buying an additional 16,648 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Internationa Flavors & Fragrances by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 2,360,327 shares of the specialty chemicals company’s stock valued at $312,814,000 after buying an additional 54,086 shares during the period. 82.43% of the stock is owned by institutional investors and hedge funds.

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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