Aberdeen Asset Management PLC UK Has $18.81 Million Stake in Internationa Flavors & Fragrances, Inc. (IFF)

Aberdeen Asset Management PLC UK decreased its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 30.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,317 shares of the specialty chemicals company’s stock after selling 61,741 shares during the quarter. Aberdeen Asset Management PLC UK owned 0.18% of Internationa Flavors & Fragrances worth $18,808,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its stake in shares of Internationa Flavors & Fragrances by 25.3% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock worth $100,000 after purchasing an additional 146 shares during the period. TrimTabs Asset Management LLC acquired a new stake in shares of Internationa Flavors & Fragrances during the 1st quarter worth approximately $122,000. Cornerstone Advisors Inc. grew its stake in shares of Internationa Flavors & Fragrances by 30.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 245 shares during the period. Van ECK Associates Corp grew its stake in shares of Internationa Flavors & Fragrances by 7.2% during the 1st quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after purchasing an additional 78 shares during the period. Finally, Commonwealth Bank of Australia grew its stake in shares of Internationa Flavors & Fragrances by 6.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock worth $171,000 after purchasing an additional 76 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total transaction of $40,308.00. Following the transaction, the executive vice president now owns 19,994 shares of the company’s stock, valued at $2,686,393.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Winder Investment Pte Ltd acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were acquired at an average cost of $136.63 per share, for a total transaction of $2,732,600.00. Following the acquisition, the insider now directly owns 9,190,793 shares of the company’s stock, valued at $1,255,738,047.59. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,269,400 shares of company stock worth $170,403,273 and have sold 5,766 shares worth $786,086. Corporate insiders own 0.48% of the company’s stock.

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A number of brokerages have recently commented on IFF. Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Friday, July 21st. Barclays PLC reaffirmed a “sell” rating and set a $123.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub cut shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Raymond James Financial, Inc. began coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $138.91.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 141.83 on Monday. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64. The company has a 50-day moving average of $135.84 and a 200-day moving average of $133.96. The firm has a market cap of $11.20 billion, a PE ratio of 28.62 and a beta of 1.09.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 quarter in the prior year, the company posted $1.47 earnings per share. Internationa Flavors & Fragrances’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, September 22nd. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s dividend payout ratio is currently 51.72%.

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

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