IFM Investors Pty Ltd Invests $371,000 in Internationa Flavors & Fragrances, Inc. (IFF)

IFM Investors Pty Ltd purchased a new position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,594 shares of the specialty chemicals company’s stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of IFF. YorkBridge Wealth Partners LLC raised its holdings in shares of Internationa Flavors & Fragrances by 5.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 41 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in shares of Internationa Flavors & Fragrances in the third quarter worth $118,000. D.A. Davidson & CO. raised its holdings in shares of Internationa 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 worth $144,000 after buying an additional 5 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Internationa 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 worth $171,000 after buying an additional 76 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Internationa Flavors & Fragrances by 15.1% in the second quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock worth $183,000 after buying an additional 177 shares during the last quarter. 83.00% of the stock is owned by institutional investors and hedge funds.

IFF has been the subject of several recent research reports. KeyCorp reissued a “buy” rating and set a $148.00 target price on shares of Internationa Flavors & Fragrances in a report on Wednesday, October 4th. UBS reissued a “buy” rating and set a $166.00 target price (up previously from $151.00) on shares of Internationa Flavors & Fragrances in a report on Tuesday, November 7th. Zacks Investment Research cut shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Finally, Berenberg Bank reissued a “buy” rating and set a $160.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $143.70.

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) opened at $154.17 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92. Internationa Flavors & Fragrances, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $156.64. The stock has a market cap of $12,174.30, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.06 and a beta of 1.19.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The firm had revenue of $872.90 million during the quarter, compared to analysts’ expectations of $847.63 million. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. analysts forecast that Internationa Flavors & Fragrances, Inc. will post 5.79 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 29th will be given a dividend of $0.69 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.76 annualized dividend and a yield of 1.79%. Internationa Flavors & Fragrances’s dividend payout ratio is presently 52.87%.

In related news, EVP Anne Chwat sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were 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 document filed with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by company 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.

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

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