International Flavors & Fragrances SVP Angelica T. Cantlon Unloads 1,500 Shares (IFF)
International Flavors & Fragrances (NYSE:IFF) SVP Angelica T. Cantlon sold 1,500 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $100.65, for a total value of $150,975.00. Following the completion of the sale, the senior vice president now directly owns 41,399 shares in the company, valued at approximately $4,166,809. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $108.00.
International Flavors & Fragrances (NYSE:IFF) opened at 101.18 on Thursday. International Flavors & Fragrances has a one year low of $78.75 and a one year high of $105.84. The stock has a 50-day moving average of $102.3 and a 200-day moving average of $97.56. The company has a market cap of $8.212 billion and a P/E ratio of 21.99.
International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors of record on Thursday, September 25th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, September 23rd. This is an increase 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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