Riverbridge Partners LLC Buys 1,937 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

Riverbridge Partners LLC boosted its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,643 shares of the specialty chemicals company’s stock after purchasing an additional 1,937 shares during the period. Riverbridge Partners LLC owned about 0.32% of International Flavors & Fragrances worth $41,916,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IFF. First Trust Advisors LP lifted its position in International Flavors & Fragrances by 2,214.1% during the first quarter. First Trust Advisors LP now owns 270,523 shares of the specialty chemicals company’s stock valued at $34,841,000 after purchasing an additional 258,833 shares during the period. Envestnet Asset Management Inc. lifted its position in International Flavors & Fragrances by 14.7% during the first quarter. Envestnet Asset Management Inc. now owns 43,206 shares of the specialty chemicals company’s stock valued at $5,565,000 after purchasing an additional 5,533 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in International Flavors & Fragrances by 141.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 655 shares of the specialty chemicals company’s stock valued at $84,000 after purchasing an additional 384 shares during the period. FIL Ltd lifted its position in International Flavors & Fragrances by 45.3% during the first quarter. FIL Ltd now owns 24,968 shares of the specialty chemicals company’s stock valued at $3,216,000 after purchasing an additional 7,784 shares during the period. Finally, GWM Advisors LLC lifted its position in International Flavors & Fragrances by 4.0% during the first quarter. GWM Advisors LLC now owns 4,997 shares of the specialty chemicals company’s stock valued at $644,000 after purchasing an additional 193 shares during the period. Institutional investors own 93.88% of the company’s stock.

Shares of NYSE IFF opened at $118.15 on Friday. The firm has a fifty day moving average price of $117.10 and a 200-day moving average price of $132.12. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.60 and a quick ratio of 1.59. The stock has a market cap of $12.29 billion, a PE ratio of 18.81 and a beta of 0.84. International Flavors & Fragrances Inc has a 1 year low of $104.86 and a 1 year high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.61. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 earnings per share. On average, research analysts expect that International Flavors & Fragrances Inc will post 6.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 23rd were paid a $0.75 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.54%. International Flavors & Fragrances’s dividend payout ratio is 47.77%.

IFF has been the topic of a number of research analyst reports. BNP Paribas downgraded shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a research report on Friday, June 21st. UBS Group reduced their target price on shares of International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Stifel Nicolaus set a $120.00 target price on shares of International Flavors & Fragrances and gave the company a “hold” rating in a report on Wednesday, August 7th. Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $133.00 in a report on Thursday, August 8th. Finally, Citigroup reduced their target price on shares of International Flavors & Fragrances from $129.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus target price of $140.73.

In other news, insider Nicolas Mirzayantz sold 928 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $144.69, for a total value of $134,272.32. Following the completion of the sale, the insider now directly owns 36,322 shares of the company’s stock, valued at $5,255,430.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 2,785 shares of company stock valued at $354,208. Corporate insiders own 0.39% of the company’s stock.

International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily 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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