Insider Selling: International Flavors & Fragrances SVP Sells 1,500 Shares of Stock (IFF)
International Flavors & Fragrances (NYSE:IFF) SVP Angelica T. Cantlon sold 1,500 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $100.65, for a total transaction of $150,975.00. Following the completion of the transaction, the senior vice president now directly owns 41,399 shares of the company’s stock, valued at approximately $4,166,809. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IFF. Analysts at Argus reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Wednesday, August 13th. They now have a $111.00 price target on the stock, up previously from $109.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Friday, August 8th. They now have a $102.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $108.00.
Shares of International Flavors & Fragrances (NYSE:IFF) traded up 0.60% during mid-day trading on Tuesday, hitting $101.49. 164,657 shares of the company’s stock traded hands. International Flavors & Fragrances has a 52-week low of $78.75 and a 52-week high of $105.84. The stock’s 50-day moving average is $102.5 and its 200-day moving average is $97.35. The company has a market cap of $8.237 billion and a price-to-earnings ratio of 21.99.
International Flavors & Fragrances (NYSE:IFF) last released its earnings data 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. Analysts expect that International Flavors & Fragrances will post $5.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Stockholders 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 1.86%. The ex-dividend date of this dividend is Tuesday, September 23rd. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.39.
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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