FIL Ltd lowered its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 72.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,323 shares of the specialty chemicals company’s stock after selling 16,559 shares during the period. FIL Ltd’s holdings in Internationa Flavors & Fragrances were worth $838,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its stake in shares of 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 in the last quarter. TrimTabs Asset Management LLC acquired a new stake in Internationa Flavors & Fragrances during the first quarter valued at $122,000. Van ECK Associates Corp boosted its position in shares of Internationa Flavors & Fragrances by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 1,089 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 53 shares during the last quarter. Cohen Capital Management Inc. purchased a new position in shares of Internationa Flavors & Fragrances during the first quarter worth approximately $172,000. Finally, Pacer Advisors Inc. boosted its position in shares of 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. 86.53% of the stock is currently owned by institutional investors.
Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded up 0.40% on Tuesday, reaching $136.69. 129,976 shares of the company were exchanged. The firm’s 50 day moving average price is $136.10 and its 200 day moving average price is $127.52. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 27.19 and a beta of 1.07. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $143.64.
Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.01. The company had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $833.73 million. Internationa Flavors & Fragrances had a net margin of 12.72% and a return on equity of 26.75%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. Equities research analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Monday, June 26th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, June 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is currently 50.89%.
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IFF has been the subject of several research reports. Zacks Investment Research downgraded Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Vertical Research cut shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Deutsche Bank AG lifted their target price on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. BidaskClub cut shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $136.00 price target (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $139.83.
In other Internationa Flavors & Fragrances news, EVP Francisco Fortanet sold 300 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $138.65, for a total transaction of $41,595.00. Following the completion of the transaction, the executive vice president now owns 20,294 shares of the company’s stock, valued at $2,813,763.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Winder Investment Pte Ltd bought 36,500 shares of the stock in a transaction on Wednesday, April 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $4,910,345.00. Following the purchase, the insider now owns 8,716,933 shares of the company’s stock, valued at $1,172,688,996.49. The disclosure for this purchase can be found here. Insiders purchased 495,140 shares of company stock valued at $67,691,529 in the last three months. 0.48% of the stock is currently owned by insiders.
About Internationa Flavors & Fragrances
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.
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