International Flavors & Fragrances Inc (IFF) Shares Bought by DnB Asset Management AS

DnB Asset Management AS grew its position in International Flavors & Fragrances Inc (NYSE:IFF) by 12.1% during the fourth quarter, HoldingsChannel reports. The firm owned 19,403 shares of the specialty chemicals company’s stock after buying an additional 2,100 shares during the quarter. DnB Asset Management AS’s holdings in International Flavors & Fragrances were worth $2,961,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IFF. YorkBridge Wealth Partners LLC lifted its holdings in shares of International Flavors & Fragrances by 5.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 41 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in shares of International Flavors & Fragrances in the third quarter valued at about $118,000. D.A. Davidson & CO. lifted its holdings in shares of International Flavors & Fragrances by 0.5% in the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 5 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of International Flavors & Fragrances by 6.3% in the second quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 76 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in shares of International Flavors & Fragrances in the second quarter valued at about $202,000. Institutional investors own 82.67% of the company’s stock.

In related news, EVP Anne Chwat sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $149.61, for a total transaction of $448,830.00. Following the sale, the executive vice president now owns 39,157 shares in the company, valued at $5,858,278.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

A number of analysts have recently commented on the company. Berenberg Bank restated a “buy” rating and issued a $160.00 price target on shares of International Flavors & Fragrances in a report on Friday, November 10th. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. KeyCorp boosted their price target on International Flavors & Fragrances from $148.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Finally, UBS Group restated a “buy” rating and issued a $166.00 price target (up from $151.00) on shares of International Flavors & Fragrances in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. International Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $147.50.

Shares of International Flavors & Fragrances Inc (NYSE:IFF) opened at $153.70 on Friday. International Flavors & Fragrances Inc has a twelve month low of $114.81 and a twelve month high of $157.22. The stock has a market capitalization of $12,140.00, a PE ratio of 29.44, a P/E/G ratio of 2.81 and a beta of 1.19. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. International Flavors & Fragrances had a return on equity of 27.13% and a net margin of 12.57%. The business had revenue of $872.90 million for the quarter, compared to analyst estimates of $847.63 million. During the same quarter in the prior year, the company posted $1.34 earnings per share. International Flavors & Fragrances’s revenue was up 12.3% on a year-over-year basis. analysts expect that International Flavors & Fragrances Inc will post 5.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 29th were issued a dividend of $0.69 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.76 annualized dividend and a yield of 1.80%. International Flavors & Fragrances’s payout ratio is presently 52.87%.

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

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