International Flavors & Fragrances SVP Sells $121,920 in Stock (IFF)
International Flavors & Fragrances (NYSE:IFF) SVP Angelica T. Cantlon sold 1,200 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $101.60, for a total transaction of $121,920.00. Following the completion of the transaction, the senior vice president now directly owns 40,199 shares in the company, valued at approximately $4,084,218. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
International Flavors & Fragrances (NYSE:IFF) traded down 0.22% during mid-day trading on Wednesday, hitting $101.115. 231,233 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 has a 50-day moving average of $101.4 and a 200-day moving average of $98.52. The company has a market cap of $8.207 billion and a P/E ratio of 22.09.
International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 5th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.14 earnings per share. International Flavors & Fragrances’s revenue was up 4.1% compared to the same quarter last year. 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. 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.
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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.00.
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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