Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Shares Bought by National Pension Service

National Pension Service raised its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 9.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,106 shares of the specialty chemicals company’s stock after buying an additional 7,741 shares during the period. National Pension Service owned approximately 0.11% of Internationa Flavors & Fragrances worth $11,627,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC raised its stake in Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 146 shares during the last quarter. TrimTabs Asset Management LLC acquired a new stake in Internationa Flavors & Fragrances during the first quarter worth about $122,000. Van ECK Associates Corp raised its stake in Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 78 shares during the last quarter. Cohen Capital Management Inc. acquired a new stake in Internationa Flavors & Fragrances during the first quarter worth about $172,000. Finally, Pacer Advisors Inc. raised its stake in Internationa Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 44 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at 137.06 on Tuesday. Internationa Flavors & Fragrances, Inc. has a 12-month low of $113.16 and a 12-month high of $143.64. The company has a market capitalization of $10.82 billion, a price-to-earnings ratio of 27.66 and a beta of 1.11. The firm’s 50-day moving average price is $134.26 and its 200 day moving average price is $131.79.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The firm had revenue of $842.86 million for the quarter, compared to analysts’ expectations of $845.89 million. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, September 22nd. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a yield of 2.01%. Internationa Flavors & Fragrances’s payout ratio is 51.72%.

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IFF has been the subject of a number of research analyst reports. BidaskClub lowered Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Monday, May 1st. Deutsche Bank AG increased their price objective on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Vertical Group lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Internationa Flavors & Fragrances currently has an average rating of “Hold” and a consensus price target of $139.58.

In other Internationa Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 40,000 shares of the business’s stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $132.30 per share, with a total value of $5,292,000.00. Following the transaction, the insider now directly owns 9,461,793 shares of the company’s stock, valued at approximately $1,251,795,213.90. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Francisco Fortanet sold 300 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total transaction of $40,308.00. Following the sale, the executive vice president now directly owns 19,994 shares in the company, valued at $2,686,393.84. The disclosure for this sale can be found here. Insiders have acquired a total of 1,172,982 shares of company stock worth $157,243,361 over the last three months. Insiders own 0.48% of the company’s stock.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The 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.

Institutional Ownership by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)




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