Envestnet Asset Management Inc. lifted its stake in International Flavors & Fragrances Inc (NYSE:IFF) by 947.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,482 shares of the specialty chemicals company’s stock after purchasing an additional 108,985 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of International Flavors & Fragrances worth $14,935,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of International Flavors & Fragrances by 11.8% in the 1st quarter. Wells Fargo & Company MN now owns 1,533,410 shares of the specialty chemicals company’s stock valued at $209,939,000 after acquiring an additional 161,663 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in International Flavors & Fragrances by 28.3% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,211 shares of the specialty chemicals company’s stock worth $2,630,000 after buying an additional 4,237 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in International Flavors & Fragrances by 1.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 220,593 shares of the specialty chemicals company’s stock worth $30,201,000 after buying an additional 2,178 shares in the last quarter. SG Americas Securities LLC lifted its position in International Flavors & Fragrances by 46.3% in the 1st quarter. SG Americas Securities LLC now owns 29,338 shares of the specialty chemicals company’s stock worth $4,017,000 after buying an additional 9,282 shares in the last quarter. Finally, Mackay Shields LLC purchased a new stake in International Flavors & Fragrances in the 1st quarter worth approximately $1,820,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 82,122 shares of the company’s stock in a transaction dated Friday, June 8th. The shares were bought at an average price of $126.01 per share, for a total transaction of $10,348,193.22. Following the purchase, the insider now directly owns 13,503,322 shares in the company, valued at approximately $1,701,553,605.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dale F. Morrison purchased 4,010 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were acquired at an average price of $124.60 per share, for a total transaction of $499,646.00. Following the purchase, the director now owns 4,010 shares in the company, valued at $499,646. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,347,810 shares of company stock worth $175,076,967. 0.50% of the stock is currently owned by company insiders.

IFF has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $155.00 target price on shares of International Flavors & Fragrances and gave the stock a “buy” rating in a research report on Thursday, May 10th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. ValuEngine upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Argus downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $146.67.

IFF stock opened at $129.59 on Wednesday. International Flavors & Fragrances Inc has a 12-month low of $122.11 and a 12-month high of $157.40. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 2.30 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.05. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. The company had revenue of $920.02 million for the quarter, compared to analyst estimates of $899.62 million. During the same quarter in the prior year, the business posted $1.50 EPS. research analysts expect that International Flavors & Fragrances Inc will post 6.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Monday, September 24th will be paid a dividend of $0.73 per share. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, September 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.25%. International Flavors & Fragrances’s dividend payout ratio is 46.86%.

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.

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

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