Insider Selling: International Flavors & Fragrances Insider Unloads 1,523 Shares of Stock (IFF)
International Flavors & Fragrances (NYSE:IFF) Insider Richard O’leary sold 1,523 shares of International Flavors & Fragrances stock on the open market in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $103.51, for a total transaction of $157,645.73. Following the transaction, the insider now directly owns 23,079 shares in the company, valued at approximately $2,388,907. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
International Flavors & Fragrances (NYSE:IFF) traded up 0.08% during mid-day trading on Friday, hitting $104.01. The stock had a trading volume of 115,198 shares. International Flavors & Fragrances has a 52-week low of $78.51 and a 52-week high of $105.84. The stock’s 50-day moving average is $102.0 and its 200-day moving average is $94.39. The company has a market cap of $8.455 billion and a price-to-earnings ratio of 23.15.
International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The company had revenue of $770.00 million for the quarter, compared to the consensus estimate of $765.20 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances will post $5.05 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Monday, June 23rd. They now have a $110.00 price target on the stock, up previously from $103.00. Separately, analysts at Argus raised their price target on shares of International Flavors & Fragrances from $106.00 to $109.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Wednesday, May 14th. They now have a $103.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of “Buy” and an average price target of $105.67.
International Flavors & Fragrances Inc (NYSE:IFF) creates, manufactures and supplies flavors and fragrances for the food, beverage, personal care and household products industries.
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