Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Stake Held by Delta Asset Management LLC TN

Delta Asset Management LLC TN held its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,300 shares of the specialty chemicals company’s stock at the end of the second quarter. Delta Asset Management LLC TN’s holdings in Internationa Flavors & Fragrances were worth $581,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC increased 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 in the last quarter. TrimTabs Asset Management LLC purchased a new stake in Internationa Flavors & Fragrances during the first quarter worth $122,000. Van ECK Associates Corp increased 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 in the last quarter. Cohen Capital Management Inc. purchased a new stake in Internationa Flavors & Fragrances during the first quarter worth $172,000. Finally, Pacer Advisors Inc. increased 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 in the last quarter. 84.53% of the stock is owned by institutional investors and hedge funds.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded down 1.07% during trading on Friday, hitting $135.38. The company had a trading volume of 371,990 shares. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64. The company’s 50 day moving average is $134.23 and its 200 day moving average is $131.49. The firm has a market capitalization of $10.69 billion, a P/E ratio of 27.32 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million for the quarter, compared to analysts’ expectations of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 earnings per share. Analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.04%. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

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IFF has been the topic of a number of research analyst reports. BidaskClub upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays PLC restated a “sell” rating and set a $123.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday. Deutsche Bank AG restated a “hold” rating and set a $139.00 price target (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday. Stifel Nicolaus restated a “hold” rating and set a $136.00 price target (up from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday, June 16th. Finally, Zacks Investment Research cut Internationa Flavors & Fragrances from a “buy” rating to a “sell” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $140.61.

In related news, major shareholder Winder Investment Pte Ltd bought 18,084 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $135.33 per share, with a total value of $2,447,307.72. Following the completion of the acquisition, the insider now owns 10,296,485 shares of the company’s stock, valued at approximately $1,393,423,315.05. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicolas Mirzayantz sold 1,233 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $133.76, for a total value of $164,926.08. Following the completion of the sale, the insider now directly owns 46,274 shares in the company, valued at $6,189,610.24. The disclosure for this sale can be found here. Insiders acquired 1,234,682 shares of company stock worth $165,428,363 over the last three months. Corporate insiders own 0.48% of the company’s stock.

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.

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

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