Latest Insider moments: Fortanet Francisco, International Flavors & Fragrances Inc. [IFF] EVP, Operations sold 10,000 shares


International Flavors & Fragrances Inc.’s recent filing unveils that its EVP, Operations Fortanet Francisco unloaded Company’s shares for reported $1.25 million on Aug 11. In the deal valued at $125.00 per share,10,000 shares were sold. As a result of this transaction, Fortanet Francisco now holds 17,237 shares worth roughly $ 1.66 million.

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Then, Fauchon de Villeplee Christoph sold 629 shares, generating $83,399 in total proceeds. Upon selling the shares at $132.59, the President, Scent now owns 8,180 shares.

Before that, Fauchon de Villeplee Christoph sold 630 shares. International Flavors & Fragrances Inc. shares valued at $76,658 were divested by the President, Scent at a price of $121.68 per share. As a result of the transaction, Fauchon de Villeplee Christoph now holds 8,809 shares, worth roughly $0.85 million.

Credit Suisse initiated its International Flavors & Fragrances Inc. [IFF] rating to an Outperform in a research note published on Monday, June 27, 2022; the price target was $145. PT values the company’s stock at a premium of 33.67 to its Monday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Hold”. Berenberg also remained covering IFF and has decreased its forecast on March 24, 2022 with a “Hold” recommendation from previously “Buy” rating. Stifel revised its rating on January 26, 2022. It rated IFF as “a Buy” which previously was an “a Hold”.

Price Performance Review of IFF

On Monday, International Flavors & Fragrances Inc. [NYSE:IFF] saw its stock jump 1.42% to $96.18. On the same session, the stock had its day’s lowest price of $94.40, but rose to a high of $96.32. Over the last five days, the stock has lost -1.47%. International Flavors & Fragrances Inc. shares have fallen nearly -36.16% since the year began. Nevertheless, the stocks have fallen -33.02% over the past one year. While a 52-week high of $155.00 was reached on 01/03/22, a 52-week low of $83.14 was recorded on 10/13/22. SMA at 50 days reached $98.34, while 200 days put it at $118.52. A total of 1.31 million shares were traded, compared to the trading of 0.1 million shares in the previous session.

Levels Of Support And Resistance For IFF Stock

The 24-hour chart illustrates a support level at 94.95, which if violated will result in even more drops to 93.71. On the upside, there is a resistance level at 96.87. A further resistance level may holdings at 97.55. The Relative Strength Index (RSI) on the 14-day chart is 52.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.35%. Stochastics %K at 56.75% indicates the stock is a holding.

How much short interest is there in International Flavors & Fragrances Inc.?

A steep rise in short interest was recorded in International Flavors & Fragrances Inc. stocks on Jul 14, 2022, dropping by -0.36 million shares to a total of 3.08 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.44 million shares. There was a decline of -11.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.37% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.18.

International Flavors & Fragrances Inc. [IFF] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 30,287,855 shares, or roughly 11.88% of the outstanding IFF shares. In other words, the investor’s shares have risen by 552,384 from its previous 13-F filing of 29735471.0. Over the last quarter, T. Rowe Price Associates, Inc. sold -616,242 shares of International Flavors & Fragrances Inc., while SSgA Funds Management, Inc. sold -153,690 shares. At present, Massachusetts Financial Services is holding 6,874,192 shares valued at $624.38 million. Sachem Head Capital Management LP owned 6,256,239 shares of the company at the time of its most recent 13F filing, worth $568.25 million.

According to FactSet, International Flavors & Fragrances Inc.’s share price will average $127.53 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.03 percent from its previous closing price of $94.83. Analysts expect International Flavors & Fragrances Inc. stock to reach the higher price of $170.00, while the lowest price estimate is $80.00. However, 22 analysts have rated IFF stock as an Overweight in their predictions for 2022. The most recent change occurred on January 13, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $180 price target.


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