International Flavors & Fragrances Insider Richard O’leary Sells 1,523 Shares (IFF)
International Flavors & Fragrances (NYSE:IFF) Insider Richard O’leary unloaded 1,523 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $98.84, for a total transaction of $150,533.32. Following the completion of the transaction, the insider now directly owns 21,556 shares of the company’s stock, valued at approximately $2,130,595. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of International Flavors & Fragrances (NYSE:IFF) traded up 0.88% during mid-day trading on Tuesday, hitting $99.45. The stock had a trading volume of 407,690 shares. International Flavors & Fragrances has a 1-year low of $78.75 and a 1-year high of $105.84. The stock has a 50-day moving average of $102.8 and a 200-day moving average of $97.02. The company has a market cap of $8.071 billion and a P/E ratio of 21.49.
International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 5th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. The company had revenue of $788.40 million for the quarter, compared to the consensus estimate of $794.83 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances will post $5.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Shareholders of record on Thursday, September 25th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, September 23rd. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.39.
A number of analysts have recently weighed in on IFF shares. Analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Friday. They now have a $102.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Wednesday, August 6th. They now have a $104.00 price target on the stock, up previously from $99.00. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Wednesday, July 16th. They now have a $116.00 price target on the stock, up previously from $107.00. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $107.71.
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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