International Flavors & Fragrances Inc (IFF): Nicolas Mirzayantz , Group President Fragrance of International Flavors & Fragrances Inc sold 2,194 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $126.17 per share for a total value of $276,816.97 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Nicolas Mirzayantz (Group President Fragrance) sold 2,194 shares at $119.31 per share price.On Oct 22, 2015, Francisco Fortanet (EVP, Operations) sold 1,150 shares at $113.42 per share price.Also, On Oct 14, 2015, Ahmet Baydar (EVP, Research & Development) sold 1,700 shares at $109.31 per share price.On Aug 18, 2015, Richard O’leary (Controller) sold 4,250 shares at $113.95 per share price.
International Flavors & Fragrances Inc: On Monday, May 16, 2016 heightened volatility was witnessed in International Flavors & Fragrances Inc which led to swings in the share price. The shares opened for trading at $126.17 and hit $128.13 on the upside , eventually ending the session at $127.8, with a gain of 1.23% or 1.55 points. The heightened volatility saw the trading volume jump to 7,47,181 shares. The 52-week high of the share price is $128.13 and the company has a market cap of $10,187 M . The 52-week low of the share price is at $97.24.
On May 4, 2016, International Flavors & Fragrances Inc announced a cash dividend of $0.5600. The company’s management has announced Jun 23, 2016 as the ex-dividend date and fixed the record date on Jun 27, 2016. The payable date has been fixed on Jul 7, 2016.
Company has been under the radar of several Street Analysts.International Flavors & Fragrances Inc is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 124 from a previous price target of $115 .The Rating was issued on May 11, 2016.
International Flavors & Fragrances Inc. (IFF) creates manufactures and supplies flavors and fragrances for the food beverage personal care and household products industries either in the form of compounds or individual ingredients. The company operates in two segments: Flavors and Fragrances. Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products such as prepared foods beverages dairy food and sweet products. Fragrances segment offers fragrance compounds including fine and fragrance ingredients. The Company’s products are sold principally to manufacturers of perfumes and cosmetics hair and other personal care products soaps and detergents cleaning products dairy meat and other processed foods beverages snacks and savory foods sweet and baked goods and pharmaceutical and oral care products.