Capital International Investors continued to hold its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,030,000 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. Capital International Investors owned approximately 1.30% of Internationa Flavors & Fragrances worth $139,050,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its position in Internationa Flavors & Fragrances by 5.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after acquiring an additional 41 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Internationa Flavors & Fragrances by 30.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after acquiring an additional 245 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Internationa Flavors & Fragrances by 0.5% during the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock worth $144,000 after acquiring an additional 5 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Internationa Flavors & Fragrances by 7.2% during the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after acquiring an additional 78 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in shares of Internationa Flavors & Fragrances by 6.3% during the second quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock worth $171,000 after acquiring an additional 76 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on IFF shares. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a report on Monday, July 24th. KeyCorp reaffirmed a “buy” rating and set a $148.00 target price on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Deutsche Bank AG reiterated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research report on Thursday, August 10th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $134.35.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $133.76, for a total transaction of $164,926.08. Following the completion of the transaction, the insider now owns 46,274 shares in the company, valued at $6,189,610.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd bought 20,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were acquired at an average price of $133.29 per share, with a total value of $2,665,800.00. Following the transaction, the insider now directly owns 9,290,793 shares of the company’s stock, valued at $1,238,369,798.97. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,169,400 shares of company stock valued at $156,795,273 and have sold 6,998 shares valued at $962,952. 0.48% of the stock is owned by insiders.

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Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded up 0.35% during midday trading on Tuesday, reaching $144.97. 51,250 shares of the company’s stock traded hands. The company has a 50-day moving average of $140.06 and a 200-day moving average of $136.22. Internationa Flavors & Fragrances, Inc. has a one year low of $113.16 and a one year high of $145.89. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 29.25 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million for the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. Internationa Flavors & Fragrances’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. Equities research analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current year.

The company also recently disclosed 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. This represents a $2.76 annualized dividend and a yield of 1.91%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is presently 55.76%.

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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