Internationa Flavors & Fragrances, Inc. (IFF) Major Shareholder Winder Investment Pte Ltd Purchases 3,672 Shares

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd acquired 3,672 shares of the stock in a transaction dated Wednesday, September 6th. The shares were bought at an average price of $138.44 per share, with a total value of $508,351.68. Following the completion of the purchase, the insider now directly owns 10,419,493 shares of the company’s stock, valued at approximately $1,442,474,610.92. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, September 7th, Winder Investment Pte Ltd acquired 700 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average cost of $139.32 per share, with a total value of $97,524.00.
  • On Tuesday, September 5th, Winder Investment Pte Ltd acquired 27,700 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average cost of $139.00 per share, with a total value of $3,850,300.00.
  • On Friday, September 1st, Winder Investment Pte Ltd acquired 2,700 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average cost of $137.41 per share, with a total value of $371,007.00.
  • On Tuesday, August 29th, Winder Investment Pte Ltd bought 20,500 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average cost of $136.10 per share, with a total value of $2,790,050.00.
  • On Wednesday, August 23rd, Winder Investment Pte Ltd bought 10,301 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average cost of $134.87 per share, with a total value of $1,389,295.87.
  • On Thursday, August 24th, Winder Investment Pte Ltd bought 18,300 shares of Internationa Flavors & Fragrances stock. The shares were bought at an average cost of $135.26 per share, with a total value of $2,475,258.00.
  • On Tuesday, August 22nd, Winder Investment Pte Ltd purchased 6,600 shares of Internationa Flavors & Fragrances stock. The shares were acquired 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 purchased 33,235 shares of Internationa Flavors & Fragrances stock. The shares were acquired 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 bought 18,084 shares of Internationa Flavors & Fragrances stock. The stock was purchased 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 bought 100,000 shares of Internationa Flavors & Fragrances stock. The stock was purchased at an average price of $134.90 per share, for a total transaction of $13,490,000.00.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 143.78 on Friday. The firm has a market cap of $11.36 billion, a PE ratio of 29.01 and a beta of 1.09. The stock has a 50 day moving average of $137.31 and a 200 day moving average of $134.66. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $144.13.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.92%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. raised its stake in shares of Internationa Flavors & Fragrances by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 5 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Internationa Flavors & Fragrances by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock valued at $258,000 after purchasing an additional 11 shares in the last quarter. Ironwood Investment Management LLC raised its stake in shares of Internationa Flavors & Fragrances by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock valued at $397,000 after purchasing an additional 20 shares in the last quarter. Intrust Bank NA raised its stake in shares of Internationa Flavors & Fragrances by 1.2% in the second quarter. Intrust Bank NA now owns 2,937 shares of the specialty chemicals company’s stock valued at $396,000 after purchasing an additional 36 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its stake in Internationa Flavors & Fragrances by 5.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after acquiring an additional 41 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Several equities analysts have weighed in on IFF shares. KeyCorp reiterated a “buy” rating and issued a $148.00 target price on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub downgraded shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Deutsche Bank AG reaffirmed 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, Raymond James Financial, Inc. began coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $138.91.

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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