Internationa Flavors & Fragrances, Inc. (IFF) Position Decreased by White Pine Capital LLC

White Pine Capital LLC trimmed its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,932 shares of the specialty chemicals company’s stock after selling 150 shares during the period. White Pine Capital LLC’s holdings in Internationa Flavors & Fragrances were worth $531,000 at the end of the most recent reporting period.

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

Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded up 0.74% during trading on Monday, hitting $142.88. The company had a trading volume of 56,360 shares. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 28.83 and a beta of 1.09. The stock has a 50-day moving average of $135.92 and a 200 day moving average of $134.13. Internationa Flavors & Fragrances, Inc. has a one year low of $113.16 and a one year high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, beating 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 company had revenue of $842.86 million during the quarter, compared to analysts’ expectations of $845.89 million. During the same period in the prior year, the company earned $1.47 EPS. Internationa Flavors & Fragrances’s revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 25th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s dividend payout ratio is presently 51.72%.

IFF has been the topic of a number of research analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. BidaskClub raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC reaffirmed a “sell” rating and issued a $123.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Finally, Zacks Investment Research raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $138.91.

In related news, insider Nicolas Mirzayantz sold 1,233 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total transaction of $169,192.26. Following the completion of the transaction, the insider now directly owns 45,041 shares of the company’s stock, valued at approximately $6,180,526.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 20,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were bought at an average cost of $136.80 per share, with a total value of $2,736,000.00. Following the completion of the transaction, the insider now owns 9,170,793 shares in the company, valued at $1,254,564,482.40. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,269,400 shares of company stock valued at $170,403,273 and sold 5,766 shares valued at $786,086. 0.48% of the stock is currently owned by corporate insiders.

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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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