ETF Managers Group LLC Boosts Holdings in International Flavors & Fragrances Inc (IFF)

Share on StockTwits

ETF Managers Group LLC raised its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 969 shares of the specialty chemicals company’s stock after buying an additional 147 shares during the quarter. ETF Managers Group LLC’s holdings in International Flavors & Fragrances were worth $130,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of International Flavors & Fragrances by 8.0% in the third quarter. Swiss National Bank now owns 322,464 shares of the specialty chemicals company’s stock worth $44,861,000 after buying an additional 24,000 shares during the period. Aperio Group LLC boosted its position in shares of International Flavors & Fragrances by 16.4% in the third quarter. Aperio Group LLC now owns 46,184 shares of the specialty chemicals company’s stock worth $6,425,000 after buying an additional 6,515 shares during the period. FMR LLC boosted its position in shares of International Flavors & Fragrances by 17,389.6% in the third quarter. FMR LLC now owns 2,290,964 shares of the specialty chemicals company’s stock worth $318,718,000 after buying an additional 2,277,865 shares during the period. Prudential Financial Inc. boosted its position in shares of International Flavors & Fragrances by 3.2% in the third quarter. Prudential Financial Inc. now owns 90,692 shares of the specialty chemicals company’s stock worth $12,617,000 after buying an additional 2,807 shares during the period. Finally, Oakbrook Investments LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $1,382,000. 78.65% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on IFF shares. Zacks Investment Research downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Deutsche Bank raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the stock from $126.00 to $154.00 in a research report on Tuesday, October 16th. Citigroup assumed coverage on International Flavors & Fragrances in a research report on Friday, November 16th. They issued a “neutral” rating and a $152.00 target price for the company. Finally, Raymond James downgraded International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price target for the company. in a report on Friday, November 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $145.00.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 10,200 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, December 12th. The stock was purchased at an average price of $136.82 per share, with a total value of $1,395,564.00. Following the completion of the acquisition, the insider now owns 18,524,958 shares of the company’s stock, valued at approximately $2,534,584,753.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Francisco Fortanet sold 439 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total value of $62,469.70. Following the completion of the transaction, the executive vice president now directly owns 15,754 shares of the company’s stock, valued at approximately $2,241,794.20. The disclosure for this sale can be found here. Insiders purchased 1,064,120 shares of company stock valued at $140,361,465 in the last three months. 0.50% of the stock is currently owned by company insiders.

Shares of IFF opened at $143.19 on Tuesday. The stock has a market capitalization of $15.20 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83. International Flavors & Fragrances Inc has a one year low of $122.11 and a one year high of $150.57. The company has a quick ratio of 8.21, a current ratio of 9.16 and a debt-to-equity ratio of 1.07.

COPYRIGHT VIOLATION WARNING: “ETF Managers Group LLC Boosts Holdings in International Flavors & Fragrances Inc (IFF)” was first reported by Macon Daily and is the property of of Macon Daily. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://macondaily.com/2019/02/12/etf-managers-group-llc-boosts-holdings-in-international-flavors-fragrances-inc-iff.html.

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 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.

See Also: Earnings Per Share (EPS)

Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc (NYSE:IFF).

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply