Municipal Employees Retirement System of Michigan reduced its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 19.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,040 shares of the specialty chemicals company’s stock after selling 490 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Internationa Flavors & Fragrances were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its position in Internationa Flavors & Fragrances by 5.7% in 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 last quarter. D.A. Davidson & CO. lifted its position 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 purchasing an additional 5 shares during the last quarter. Commonwealth Bank of Australia lifted its position 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 purchasing an additional 76 shares during the last quarter. IFP Advisors Inc lifted its position in shares of 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 purchasing an additional 177 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new stake in shares of Internationa Flavors & Fragrances during the second quarter worth $189,000. 83.00% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. KeyCorp restated a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. UBS reiterated a “buy” rating and issued a $166.00 target price (up previously from $151.00) on shares of Internationa Flavors & Fragrances in a research note on Tuesday, November 7th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $143.70.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded down $0.74 during mid-day trading on Tuesday, hitting $152.30. The stock had a trading volume of 253,800 shares, compared to its average volume of 455,343. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92. The firm has a market cap of $12,086.66, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 3.04 and a beta of 1.19. Internationa Flavors & Fragrances, Inc. has a twelve month low of $113.16 and a twelve month high of $156.64.

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

In other Internationa Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $149.61, for a total value of $448,830.00. Following the sale, the executive vice president now owns 39,157 shares of the company’s stock, valued at approximately $5,858,278.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicolas Mirzayantz sold 1,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $143.56, for a total value of $176,865.92. Following the completion of the sale, the insider now directly owns 43,809 shares in the company, valued at approximately $6,289,220.04. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Internationa Flavors & Fragrances, Inc. (IFF) Holdings Reduced by Municipal Employees Retirement System of Michigan” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/internationa-flavors-fragrances-inc-iff-holdings-reduced-by-municipal-employees-retirement-system-of-michigan/1759435.html.

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.

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

Receive News & Ratings for Internationa Flavors & Fragrances Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internationa Flavors & Fragrances Inc. and related companies with MarketBeat.com's FREE daily email newsletter.