State Street Corp Has $467.88 Million Stake in Internationa Flavors & Fragrances, Inc. (IFF)

State Street Corp lessened its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,465,474 shares of the specialty chemicals company’s stock after selling 33,908 shares during the period. State Street Corp owned 4.39% of Internationa Flavors & Fragrances worth $467,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in shares of Internationa Flavors & Fragrances by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock worth $144,000 after acquiring an additional 5 shares during the period. Cleararc Capital Inc. raised its holdings in shares of Internationa Flavors & Fragrances by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock worth $258,000 after acquiring an additional 11 shares during the period. Ironwood Investment Management LLC raised its holdings in shares of Internationa Flavors & Fragrances by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock worth $397,000 after acquiring an additional 20 shares during the period. Intrust Bank NA raised its holdings in shares of Internationa Flavors & Fragrances by 1.2% during the 2nd quarter. Intrust Bank NA now owns 2,937 shares of the specialty chemicals company’s stock worth $396,000 after acquiring an additional 36 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of Internationa Flavors & Fragrances by 5.7% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 147.374 on Friday. The stock has a market capitalization of $11.64 billion, a price-to-earnings ratio of 29.736 and a beta of 1.11. The company has a 50-day moving average of $142.54 and a 200 day moving average of $136.90. Internationa Flavors & Fragrances, Inc. has a one year low of $113.16 and a one year high of $148.49.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm had revenue of $842.86 million for the quarter, compared to analyst estimates of $845.89 million. During the same period last year, the company earned $1.47 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, September 25th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.87%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is presently 55.76%.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,232 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $143.56, for a total value of $176,865.92. Following the sale, the insider now directly owns 43,809 shares of the company’s stock, valued at approximately $6,289,220.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Anne Chwat sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total value of $411,660.00. Following the completion of the sale, the executive vice president now directly owns 42,157 shares in the company, valued at $5,784,783.54. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,049,400 shares of company stock worth $140,816,873 and sold 6,998 shares worth $962,952. 0.48% of the stock is currently owned by company insiders.

IFF has been the topic of several analyst reports. KeyCorp reiterated a “buy” rating and set a $148.00 price target on shares of Internationa Flavors & Fragrances in a report on Wednesday, October 4th. Zacks Investment Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus reiterated a “hold” rating and set a $136.00 price target (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday, June 16th. Raymond James Financial, Inc. initiated coverage on Internationa Flavors & Fragrances in a report on Friday, July 7th. They set a “market perform” rating on the stock. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $134.35.

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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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