J Erik Fyrwald Purchases 15,300 Shares of International Flavors & Fragrances Inc. (NYSE:IFF) Stock

Key Points

• J Erik Fyrwald, the CEO of International Flavors & Fragrances Inc. (NYSE:IFF), purchased 15,300 shares of the company's stock on August 7th for approximately $993,735, increasing his total holdings in the company by 24.65%.
• The company's stock has decreased by 3.0% during trading hours, with a current price of $64.21 and a market cap of $16.46 billion.
• International Flavors & Fragrances recently declared a quarterly dividend of $0.40 per share, which will be paid on October 10th, with an annualized dividend yield of 2.5%.

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) CEO J Erik Fyrwald acquired 15,300 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the transaction, the chief executive officer owned 77,370 shares of the company's stock, valued at approximately $5,025,181.50. This represents a 24.65% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

International Flavors & Fragrances Stock Performance

NYSE:IFF traded down $0.50 during midday trading on Monday, reaching $63.06. The stock had a trading volume of 654,784 shares, compared to its average volume of 1,768,677. The firm has a fifty day simple moving average of $74.65 and a two-hundred day simple moving average of $77.27. International Flavors & Fragrances Inc. has a 12-month low of $63.20 and a 12-month high of $106.77. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. The stock has a market cap of $16.16 billion, a P/E ratio of -40.87, a P/E/G ratio of 2.43 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.04. The firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%. International Flavors & Fragrances's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. On average, equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.5%. International Flavors & Fragrances's dividend payout ratio is presently -103.23%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IFF. Wells Fargo & Company cut their price objective on shares of International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday. Mizuho decreased their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Morgan Stanley decreased their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Barclays decreased their price objective on International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating for the company in a report on Friday. Finally, Robert W. Baird decreased their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.36.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Banque Transatlantique SA purchased a new position in International Flavors & Fragrances in the first quarter worth $32,000. American National Bank & Trust raised its stake in shares of International Flavors & Fragrances by 11,975.0% during the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company's stock worth $36,000 after buying an additional 479 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth $42,000. Geneos Wealth Management Inc. raised 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 worth $46,000 after buying an additional 210 shares during the last quarter. Finally, Eastern Bank raised its stake in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company's stock worth $47,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

International Flavors & Fragrances Company Profile

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.