International Flavors & Fragrances (NYSE:IFF) Insider Sells 5,718 Shares of Stock

Key Points

• IFF insider De Mendonca Ana Paula Teles sold 5,718 shares at an average price of $83.19, generating approximately $475,680 in proceeds.
• International Flavors & Fragrances reported quarterly EPS of $0.82, below the $1.07 analyst consensus, while revenue of $1.95 billion also fell short of the $2.62 billion estimate.
• The company maintained a quarterly dividend of $0.40 per share and authorized a $2.5 billion stock-repurchase program covering up to 12.1% of outstanding shares; analysts collectively rate the stock “Moderate Buy.”

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) insider De Mendonca Ana Paula Teles sold 5,718 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $83.19, for a total transaction of $475,680.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

International Flavors & Fragrances Stock Performance

IFF traded up $2.43 on Wednesday, reaching $83.43. The company had a trading volume of 184,809 shares, compared to its average volume of 1,836,953. The stock has a market cap of $21.29 billion, a P/E ratio of 76.61, a P/E/G ratio of 3.13 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. International Flavors & Fragrances Inc. has a fifty-two week low of $59.14 and a fifty-two week high of $89.32. The company's fifty day moving average is $79.15 and its 200 day moving average is $76.05.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.25). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The company's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. As a group, analysts predict that International Flavors & Fragrances Inc. will post 3.06 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. International Flavors & Fragrances's dividend payout ratio is 146.79%.

International Flavors & Fragrances declared that its Board of Directors has initiated a stock repurchase program on Tuesday, August 4th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the specialty chemicals company to purchase up to 12.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

IFF has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on International Flavors & Fragrances from $97.00 to $105.00 in a research note on Thursday, May 7th. Berenberg Bank raised their price target on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a "hold" rating in a report on Thursday, May 7th. BNP Paribas Exane increased their price objective on shares of International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Weiss Ratings lowered International Flavors & Fragrances from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Finally, Morgan Stanley upped their price target on shares of International Flavors & Fragrances from $93.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of "Moderate Buy" and a consensus price target of $92.16.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently modified their holdings of the company. Lloyd Advisory Services LLC. bought a new position in International Flavors & Fragrances during the 4th quarter valued at approximately $27,000. Root Financial Partners LLC raised its position in International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company's stock worth $40,000 after acquiring an additional 274 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after acquiring an additional 210 shares during the period. Transamerica Financial Advisors LLC raised its holdings in International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company's stock valued at $50,000 after acquiring an additional 610 shares during the period. Finally, EFG International AG bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $73,000. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc NYSE: IFF is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF's research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

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