International Flavors & Fragrances Inc (IFF) Stake Lifted by Trillium Asset Management LLC

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Trillium Asset Management LLC lifted its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 1.7% during the first quarter, HoldingsChannel.com reports. The fund owned 122,742 shares of the specialty chemicals company’s stock after acquiring an additional 2,020 shares during the quarter. Trillium Asset Management LLC’s holdings in International Flavors & Fragrances were worth $15,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of International Flavors & Fragrances by 8.0% during the fourth quarter. Principal Financial Group Inc. now owns 150,181 shares of the specialty chemicals company’s stock worth $20,165,000 after acquiring an additional 11,172 shares during the period. Psagot Investment House Ltd. increased its stake in shares of International Flavors & Fragrances by 108.8% during the fourth quarter. Psagot Investment House Ltd. now owns 2,495 shares of the specialty chemicals company’s stock worth $335,000 after acquiring an additional 1,300 shares during the period. American International Group Inc. increased its stake in shares of International Flavors & Fragrances by 34.4% during the fourth quarter. American International Group Inc. now owns 44,668 shares of the specialty chemicals company’s stock worth $5,998,000 after acquiring an additional 11,425 shares during the period. Robecosam AG increased its stake in shares of International Flavors & Fragrances by 48.4% during the fourth quarter. Robecosam AG now owns 18,334 shares of the specialty chemicals company’s stock worth $2,424,000 after acquiring an additional 5,983 shares during the period. Finally, FMR LLC increased its stake in shares of International Flavors & Fragrances by 32.4% during the fourth quarter. FMR LLC now owns 3,032,597 shares of the specialty chemicals company’s stock worth $406,944,000 after acquiring an additional 741,633 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 50,000 shares of International Flavors & Fragrances stock in a transaction on Tuesday, February 19th. The shares were bought at an average price of $129.04 per share, with a total value of $6,452,000.00. Following the completion of the acquisition, the insider now directly owns 20,210,193 shares of the company’s stock, valued at $2,607,923,304.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 165,588 shares of company stock worth $21,637,048 in the last ninety days. Insiders own 0.39% of the company’s stock.

A number of brokerages have recently issued reports on IFF. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. UBS Group upped their target price on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Goldman Sachs Group upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their target price for the stock from $137.00 to $151.00 in a research report on Thursday, March 21st. KeyCorp lowered their target price on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, February 25th. Finally, Seaport Global Securities began coverage on shares of International Flavors & Fragrances in a research report on Thursday, February 21st. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $148.25.

Shares of NYSE IFF traded down $0.85 on Wednesday, hitting $135.16. The company’s stock had a trading volume of 3,331 shares, compared to its average volume of 928,141. International Flavors & Fragrances Inc has a 12-month low of $121.85 and a 12-month high of $150.57. The company has a market capitalization of $14.44 billion, a PE ratio of 21.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.58.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.05. International Flavors & Fragrances had a net margin of 7.29% and a return on equity of 12.74%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $1.79 earnings per share. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, analysts forecast that International Flavors & Fragrances Inc will post 6.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 24th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.50%.

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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 three segments: Taste, Scent, and Frutarom. The Taste 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.

Further Reading: What is a Tariff?

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

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