Insider Buying: International Flavors & Fragrances Inc. (NYSE:IFF) CEO Buys $51,800.00 in Stock

International Flavors & Fragrances Inc. (NYSE:IFF) CEO J Erik Fyrwald bought 700 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $74.00 per share, with a total value of $51,800.00. Following the transaction, the chief executive officer now owns 37,770 shares of the company’s stock, valued at $2,794,980. The trade was a 1.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $73.46 on Monday. The company has a market capitalization of $18.79 billion, a P/E ratio of 78.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances Inc. has a 52 week low of $65.85 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The company’s 50 day moving average price is $76.39 and its two-hundred day moving average price is $83.41.

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

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. International Flavors & Fragrances’s payout ratio is presently -48.93%.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA lifted its position in shares of International Flavors & Fragrances by 11.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company’s stock worth $9,654,000 after purchasing an additional 11,406 shares in the last quarter. Choreo LLC lifted its position in International Flavors & Fragrances by 55.7% during the 4th quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company’s stock worth $2,055,000 after buying an additional 8,728 shares in the last quarter. Covea Finance boosted its stake in shares of International Flavors & Fragrances by 79.0% during the 4th quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company’s stock worth $10,407,000 after buying an additional 54,340 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $7,508,000. Finally, S.E.E.D. Planning Group LLC increased its position in shares of International Flavors & Fragrances by 372.9% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company’s stock valued at $5,335,000 after acquiring an additional 49,761 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Mizuho cut their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. UBS Group raised their price objective on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Barclays upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $76.00 to $84.00 in a research report on Thursday. Bank of America decreased their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Citigroup raised their target price on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

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.