Crossmark Global Holdings Inc. acquired a new position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,208 shares of the specialty chemicals company’s stock, valued at approximately $1,173,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake 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 worth $103,000 after buying an additional 41 shares during the period. Cornerstone Advisors Inc. boosted its stake in 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 buying an additional 245 shares during the period. D.A. Davidson & CO. boosted its stake in 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 buying an additional 5 shares during the period. Commonwealth Bank of Australia boosted its stake in 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 buying an additional 76 shares during the period. Finally, IFP Advisors Inc boosted its stake in Internationa Flavors & Fragrances by 15.1% during the second quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock worth $183,000 after buying an additional 177 shares during the period. 84.46% of the stock is owned by institutional investors.

In other news, EVP Anne Chwat sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total transaction of $411,660.00. Following the completion of the sale, the executive vice president now directly owns 42,157 shares of the company’s stock, valued at $5,784,783.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Winder Investment Pte Ltd acquired 33,235 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $134.75 per share, with a total value of $4,478,416.25. Following the completion of the acquisition, the insider now directly owns 10,329,720 shares of the company’s stock, valued at $1,391,929,770. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 123,708 shares of company stock valued at $16,853,579 and have sold 5,465 shares valued at $757,718. 0.48% of the stock is currently owned by insiders.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at $146.77 on Friday. The stock has a market cap of $11,589.11, a price-to-earnings ratio of 25.70, a PEG ratio of 2.91 and a beta of 1.18. Internationa Flavors & Fragrances, Inc. has a one year low of $113.16 and a one year high of $153.97. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.59 and a current ratio of 2.66.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $872.90 million during the quarter, compared to analyst estimates of $847.63 million. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. sell-side analysts predict that Internationa Flavors & Fragrances, Inc. will post 5.79 EPS for the current fiscal year.

Internationa Flavors & Fragrances announced that its board has authorized a stock repurchase plan on Wednesday, November 1st that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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Several research analysts have commented on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a $139.00 price objective (up from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. BidaskClub raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC reaffirmed a “sell” rating and set a $123.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Friday, July 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $160.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Friday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $141.68.

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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