Richard O’leary, Controller at International Flavors and Fragrances Inc (NYSE:IFF), sold last September 2nd through an open market transaction 1,523 shares of Common Stock. The sale reported was effected pursuant to a 10b5-1 trading plan adopted by Mr. O’leary on June 9th, 2014. These shares were sold a at a price of $101.60 each, for a total value of $154,736. Following the filing, Mr. O’leary directly owns 20,033 shares.
In the same way, two of International Flavors and Fragrances Inc (NYSE:IFF)’s largest hedge fund investors on record have also decided to diminish their participation in the $8.20 billion company. Paul Marshall and Ian Wace’s fund, Marshall Wave Llp –owner of 334,528 shares- and David Harding’s fund, Winton Capital Management –owner of 275,828 shares- have done so by a 51% and 24% respectively. However, Mario Gabelli’s Gamco Investors –owner of over 1.2 million shares- has decided in the contrary, by increasing its stake in the company by a 22%
Disclosure: Pamela Gaviño holds no position in any of the stocks or funds mentioned.
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