International Flavors & Fragrances Inc. (NYSE:IFF) EVP Stephen N. Landsman Buys 12,000 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) EVP Stephen N. Landsman bought 12,000 shares of the stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the purchase, the executive vice president now owns 12,000 shares of the company’s stock, valued at $927,360. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

International Flavors & Fragrances Trading Down 0.6%

Shares of NYSE:IFF traded down $0.44 during midday trading on Monday, reaching $77.28. 1,064,741 shares of the company’s stock were exchanged, compared to its average volume of 1,520,544. The firm’s 50 day simple moving average is $75.89 and its two-hundred day simple moving average is $82.55. International Flavors & Fragrances Inc. has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 82.21, a P/E/G ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business posted $1.13 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.07%. International Flavors & Fragrances’s payout ratio is -48.93%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IFF shares. Morgan Stanley dropped their price objective on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Tuesday, May 13th. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Citigroup raised their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Barclays upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $92.54.

Institutional Trading of International Flavors & Fragrances

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $32,000. Banque Transatlantique SA acquired a new position in International Flavors & Fragrances in the first quarter valued at $32,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances during the fourth quarter worth about $34,000. Rialto Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth about $42,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $42,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.