International Flavors & Fragrances Inc (NYSE:IFF) Insider Nicolas Mirzayantz Sells 924 Shares of Stock

International Flavors & Fragrances Inc (NYSE:IFF) insider Nicolas Mirzayantz sold 924 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $133.26, for a total value of $123,132.24. Following the completion of the sale, the insider now owns 32,612 shares of the company’s stock, valued at $4,345,875.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nicolas Mirzayantz also recently made the following trade(s):

  • On Wednesday, October 16th, Nicolas Mirzayantz sold 929 shares of International Flavors & Fragrances stock. The stock was sold at an average price of $118.96, for a total value of $110,513.84.
  • On Monday, September 16th, Nicolas Mirzayantz sold 928 shares of International Flavors & Fragrances stock. The stock was sold at an average price of $126.26, for a total value of $117,169.28.

Shares of IFF stock traded down $0.51 on Wednesday, hitting $136.37. 161,122 shares of the stock were exchanged, compared to its average volume of 926,095. The company has a current ratio of 2.05, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $14.30 billion, a P/E ratio of 21.71 and a beta of 0.83. The business has a 50-day moving average of $123.31 and a 200 day moving average of $130.63. International Flavors & Fragrances Inc has a fifty-two week low of $104.86 and a fifty-two week high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.01). International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, research analysts forecast that International Flavors & Fragrances Inc will post 6.18 EPS for the current fiscal year.

Several research analysts have recently weighed in on IFF shares. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective for the company in a research report on Monday, August 5th. Stifel Nicolaus set a $120.00 price objective on International Flavors & Fragrances and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Wells Fargo & Co upped their price objective on International Flavors & Fragrances from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Barclays reaffirmed a “sell” rating on shares of International Flavors & Fragrances in a research report on Thursday, November 7th. Finally, Societe Generale started coverage on International Flavors & Fragrances in a research report on Monday, September 9th. They set a “buy” rating and a $140.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. International Flavors & Fragrances has a consensus rating of “Hold” and an average price target of $142.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC acquired a new position in International Flavors & Fragrances during the third quarter valued at approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of International Flavors & Fragrances by 2,422.2% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 227 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 218 shares during the period. Advisory Services Network LLC increased its stake in shares of International Flavors & Fragrances by 119.0% during the second quarter. Advisory Services Network LLC now owns 230 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 125 shares during the period. Stonebridge Capital Advisors LLC bought a new position in shares of International Flavors & Fragrances during the second quarter worth approximately $33,000. Finally, CSat Investment Advisory L.P. increased its stake in shares of International Flavors & Fragrances by 80.1% during the second quarter. CSat Investment Advisory L.P. now owns 326 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 145 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Insider Buying and Selling by Quarter for International Flavors & Fragrances (NYSE:IFF)

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