International Flavors & Fragrances Inc (NYSE:IFF) insider Nicolas Mirzayantz sold 3,472 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $136.73, for a total transaction of $474,726.56. Following the sale, the insider now directly owns 45,858 shares of the company’s stock, valued at approximately $6,270,164.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

IFF traded down $0.29 on Friday, reaching $136.67. 573,880 shares of the company’s stock were exchanged, compared to its average volume of 947,187. The firm has a market capitalization of $14.47 billion, a PE ratio of 21.76 and a beta of 0.77. International Flavors & Fragrances Inc has a twelve month low of $121.85 and a twelve month high of $150.57. The company has a current ratio of 2.56, a quick ratio of 1.58 and a debt-to-equity ratio of 0.72.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. International Flavors & Fragrances had a net margin of 7.29% and a return on equity of 12.74%. International Flavors & Fragrances’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.79 earnings per share. As a group, analysts predict that International Flavors & Fragrances Inc will post 6.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 24th will be issued a $0.73 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.92 annualized dividend and a yield of 2.14%. International Flavors & Fragrances’s payout ratio is 46.50%.

A number of analysts have recently commented on IFF shares. UBS Group boosted their target price on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Seaport Global Securities began coverage on shares of International Flavors & Fragrances in a research note on Thursday, February 21st. They set a “neutral” rating for the company. Goldman Sachs Group upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $137.00 to $151.00 in a research report on Thursday, March 21st. KeyCorp lowered their price target on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, February 25th. Finally, Barclays restated a “sell” rating on shares of International Flavors & Fragrances in a research report on Monday, February 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $148.25.

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in International Flavors & Fragrances by 8.0% in the 4th quarter. Principal Financial Group Inc. now owns 150,181 shares of the specialty chemicals company’s stock valued at $20,165,000 after purchasing an additional 11,172 shares during the last quarter. Psagot Investment House Ltd. boosted its holdings in International Flavors & Fragrances by 108.8% in the 4th quarter. Psagot Investment House Ltd. now owns 2,495 shares of the specialty chemicals company’s stock valued at $335,000 after purchasing an additional 1,300 shares during the last quarter. American International Group Inc. boosted its holdings in International Flavors & Fragrances by 34.4% in the 4th quarter. American International Group Inc. now owns 44,668 shares of the specialty chemicals company’s stock valued at $5,998,000 after purchasing an additional 11,425 shares during the last quarter. Robecosam AG boosted its holdings in International Flavors & Fragrances by 48.4% in the 4th quarter. Robecosam AG now owns 18,334 shares of the specialty chemicals company’s stock valued at $2,424,000 after purchasing an additional 5,983 shares during the last quarter. Finally, FMR LLC boosted its holdings in International Flavors & Fragrances by 32.4% in the 4th quarter. FMR LLC now owns 3,032,597 shares of the specialty chemicals company’s stock valued at $406,944,000 after purchasing an additional 741,633 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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

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