Private Advisor Group LLC Takes $549,000 Position in International Flavors & Fragrances Inc (IFF)

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Private Advisor Group LLC bought a new position in International Flavors & Fragrances Inc (NYSE:IFF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,445 shares of the specialty chemicals company’s stock, valued at approximately $549,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Winder Investment Pte Ltd boosted its position in shares of International Flavors & Fragrances by 32.4% in the second quarter. Winder Investment Pte Ltd now owns 14,000,000 shares of the specialty chemicals company’s stock worth $1,735,440,000 after buying an additional 3,425,403 shares during the period. Obermeyer Wood Investment Counsel Lllp acquired a new stake in shares of International Flavors & Fragrances in the second quarter worth $33,886,000. Swedbank boosted its position in shares of International Flavors & Fragrances by 35.5% in the second quarter. Swedbank now owns 994,492 shares of the specialty chemicals company’s stock worth $123,277,000 after buying an additional 260,542 shares during the period. Rovida Advisors Inc. acquired a new stake in shares of International Flavors & Fragrances in the second quarter worth $29,124,000. Finally, Wells Fargo & Company MN boosted its position in shares of International Flavors & Fragrances by 11.8% in the first quarter. Wells Fargo & Company MN now owns 1,533,410 shares of the specialty chemicals company’s stock worth $209,939,000 after buying an additional 161,663 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

In other news, Director Dale F. Morrison acquired 4,010 shares of International Flavors & Fragrances stock in a transaction that occurred on Tuesday, June 12th. The stock was purchased at an average price of $124.60 per share, with a total value of $499,646.00. Following the completion of the transaction, the director now owns 4,010 shares in the company, valued at $499,646. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd acquired 180,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average cost of $134.13 per share, with a total value of $24,143,400.00. Following the transaction, the insider now owns 15,380,000 shares of the company’s stock, valued at approximately $2,062,919,400. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,347,810 shares of company stock valued at $175,076,967. Insiders own 0.50% of the company’s stock.

IFF opened at $129.59 on Wednesday. The firm has a market cap of $10.30 billion, a P/E ratio of 20.95, a PEG ratio of 2.30 and a beta of 1.04. International Flavors & Fragrances Inc has a 1 year low of $122.11 and a 1 year high of $157.40. The company has a quick ratio of 1.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.98.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. The firm had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. During the same quarter last year, the firm earned $1.50 earnings per share. analysts predict that International Flavors & Fragrances Inc will post 6.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Monday, September 24th will be given a dividend of $0.73 per share. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, September 21st. This represents a $2.92 dividend on an annualized basis and a yield of 2.25%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.86%.

Several brokerages have recently commented on IFF. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. ValuEngine raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Argus cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Finally, JPMorgan Chase & Co. cut International Flavors & Fragrances from a “neutral” rating to an “underweight” rating in a research report on Monday, May 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $146.67.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors 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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