Alpine Woods Capital Investors LLC continued to hold its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,550 shares of the specialty chemicals company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Internationa Flavors & Fragrances were worth $2,909,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IFF. YorkBridge Wealth Partners LLC raised its position in Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 146 shares during the last quarter. TrimTabs Asset Management LLC bought a new position in Internationa Flavors & Fragrances during the first quarter worth about $122,000. Cornerstone Advisors Inc. raised its position in Internationa Flavors & Fragrances by 30.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after buying an additional 245 shares during the last quarter. Van ECK Associates Corp raised its position in Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 78 shares during the last quarter. Finally, Cohen Capital Management Inc. bought a new position in Internationa Flavors & Fragrances during the first quarter worth about $172,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at 137.06 on Tuesday. The company’s 50-day moving average price is $134.26 and its 200-day moving average price is $131.79. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 27.66 and a beta of 1.11. 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 earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.05. The firm had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.47 EPS. On average, analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.76 annualized dividend and a yield of 2.01%. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s payout ratio is presently 51.72%.

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A number of research firms have recently issued reports on IFF. BidaskClub raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank AG reissued 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. Barclays PLC reissued a “sell” rating and issued a $123.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $136.00 target price (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $139.58.

In other Internationa Flavors & Fragrances news, EVP Francisco Fortanet sold 300 shares of Internationa Flavors & Fragrances stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total transaction of $40,308.00. Following the sale, the executive vice president now owns 19,994 shares of the company’s stock, valued at approximately $2,686,393.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Winder Investment Pte Ltd bought 5,300 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average cost of $133.02 per share, for a total transaction of $705,006.00. Following the purchase, the insider now directly owns 9,128,803 shares in the company, valued at $1,214,313,375.06. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,172,982 shares of company stock worth $157,243,361 in the last ninety days. 0.48% of the stock is owned by company insiders.

About Internationa Flavors & Fragrances

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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