Winder Investment Pte Ltd Acquires 49,807 Shares of International Flavors & Fragrances, Inc. (IF

International Flavors & Fragrances, Inc. (NYSE:IFF) major shareholder Winder Investment Pte Ltd bought 49,807 shares of the business’s stock in a transaction on Wednesday, May 16th. The stock was bought at an average price of $124.16 per share, with a total value of $6,184,037.12. Following the transaction, the insider now owns 11,800,000 shares in the company, valued at $1,465,088,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Winder Investment Pte Ltd also recently made the following trade(s):

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On Monday, May 14th, Winder Investment Pte Ltd bought 150,000 shares of International Flavors & Fragrances stock. The stock was bought at an average price of $126.47 per share, with a total value of $18,970,500.00. On Wednesday, May 9th, Winder Investment Pte Ltd bought 150,000 shares of International Flavors & Fragrances stock. The stock was bought at an average price of $129.22 per share, with a total value of $19,383,000.00. On Monday, May 7th, Winder Investment Pte Ltd bought 289,195 shares of International Flavors & Fragrances stock. The stock was bought at an average price of $132.78 per share, with a total value of $38,399,312.10. On Monday, April 9th, Winder Investment Pte Ltd bought 300 shares of International Flavors & Fragrances stock. The stock was bought at an average price of $134.97 per share, with a total value of $40,491.00. On Friday, April 6th, Winder Investment Pte Ltd bought 5,705 shares of International Flavors & Fragrances stock. The stock was bought at an average price of $134.85 per share, with a total value of $769,319.25. On Wednesday, April 4th, Winder Investment Pte Ltd bought 4,800 shares of International Flavors & Fragrances stock. The stock was bought at an average price of $134.59 per share, with a total value of $646,032.00. On Monday, April 2nd, Winder Investment Pte Ltd purchased 55,596 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.01 per share, for a total transaction of $7,450,419.96. On Wednesday, March 28th, Winder Investment Pte Ltd purchased 1,100 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.99 per share, for a total transaction of $148,489.00. On Monday, March 26th, Winder Investment Pte Ltd purchased 23,304 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.54 per share, for a total transaction of $3,135,320.16. On Thursday, March 22nd, Winder Investment Pte Ltd purchased 50,000 shares of International Flavors & Fragrances stock. The shares were acquired at an average price of $134.17 per share, for a total transaction of $6,708,500.00.

Shares of International Flavors & Fragrances opened at $124.06 on Thursday, according to Marketbeat.com. The firm has a market capitalization of $9.79 billion, a P/E ratio of 20.45, a PEG ratio of 2.21 and a beta of 1.12. International Flavors & Fragrances, Inc. has a one year low of $123.22 and a one year high of $125.00. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 7th. The specialty chemicals company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.59 by $0.10. The firm had revenue of $930.93 million for the quarter, compared to the consensus estimate of $911.57 million. International Flavors & Fragrances had a net margin of 8.83% and a return on equity of 27.89%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. research analysts expect that International Flavors & Fragrances, Inc. will post 6.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Monday, June 25th will be issued a $0.69 dividend. The ex-dividend date is Friday, June 22nd. This represents a $2.76 annualized dividend and a yield of 2.22%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.86%.

A number of research firms have recently weighed in on IFF. Evercore ISI upgraded shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 17th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a report on Wednesday, April 18th. KeyCorp cut their price target on shares of International Flavors & Fragrances from $162.00 to $156.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Deutsche Bank cut their price target on shares of International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. Finally, JPMorgan Chase downgraded shares of International Flavors & Fragrances from a “neutral” rating to an “underweight” rating and cut their price target for the company from $140.00 to $130.00 in a report on Friday, March 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $147.56.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wexford Capital LP acquired a new stake in International Flavors & Fragrances in the 1st quarter worth $479,000. TLP Group LLC grew its position in International Flavors & Fragrances by 78.3% in the 1st quarter. TLP Group LLC now owns 2,341 shares of the specialty chemicals company’s stock worth $321,000 after purchasing an additional 1,028 shares during the last quarter. Verition Fund Management LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter worth $469,000. Guggenheim Capital LLC grew its position in International Flavors & Fragrances by 7.9% in the 1st quarter. Guggenheim Capital LLC now owns 345,410 shares of the specialty chemicals company’s stock worth $47,289,000 after purchasing an additional 25,415 shares during the last quarter. Finally, United Capital Financial Advisers LLC grew its position in International Flavors & Fragrances by 6.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 118,882 shares of the specialty chemicals company’s stock worth $16,276,000 after purchasing an additional 6,808 shares during the last quarter. Hedge funds and other institutional investors own 84.03% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors 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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