Insider Selling: International Flavors & Fragrances SVP Unloads 1,500 Shares of Stock (IFF)
International Flavors & Fragrances (NYSE:IFF) SVP Angelica T. Cantlon sold 1,500 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $104.59, for a total transaction of $156,885.00. Following the completion of the sale, the senior vice president now directly owns 42,899 shares in the company, valued at approximately $4,486,806. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
International Flavors & Fragrances (NYSE:IFF) traded down 0.38% during mid-day trading on Thursday, hitting $103.84. 215,929 shares of the company’s stock traded hands. International Flavors & Fragrances has a 1-year low of $78.51 and a 1-year high of $105.84. The stock’s 50-day moving average is $102.5 and its 200-day moving average is $94.92. The company has a market cap of $8.441 billion and a price-to-earnings ratio of 23.22.
International Flavors & Fragrances (NYSE:IFF) last released its earnings data on Tuesday, May 6th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.19 earnings per share. International Flavors & Fragrances’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances will post $5.05 EPS for the current fiscal year.
A number of analysts have recently weighed in on IFF shares. Analysts at KeyCorp reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Wednesday. They now have a $116.00 price target on the stock, up previously from $107.00. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $107.14.
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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