Aviva PLC boosted its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 49,703 shares of the specialty chemicals company’s stock after buying an additional 400 shares during the period. Aviva PLC owned about 0.06% of Internationa Flavors & Fragrances worth $6,709,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of IFF. YorkBridge Wealth Partners LLC raised its stake in shares of 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 period. TrimTabs Asset Management LLC bought a new stake in shares of Internationa Flavors & Fragrances during the first quarter worth about $122,000. Cornerstone Advisors Inc. raised its stake in shares of 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 period. Van ECK Associates Corp raised its stake in shares of 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 period. Finally, IFP Advisors Inc raised its stake in shares of Internationa Flavors & Fragrances by 15.1% in 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. Hedge funds and other institutional investors own 82.43% of the company’s stock.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at 136.22 on Thursday. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 27.49 and a beta of 1.11. The company has a 50 day moving average of $134.54 and a 200 day moving average of $132.75. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. The company had revenue of $842.86 million for the quarter, compared to the consensus estimate of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. On average, equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be issued a $0.69 dividend. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is 51.72%.

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A number of equities research analysts have issued reports on the stock. KeyCorp reissued a “buy” rating and set a $148.00 target price on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 24th. Zacks Investment Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Barclays PLC reissued a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Deutsche Bank AG reissued a “hold” rating and set a $139.00 target price (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. Finally, BidaskClub raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $138.91.

In related news, EVP Anne Chwat sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total value of $411,660.00. Following the transaction, the executive vice president now directly owns 42,157 shares of the company’s stock, valued at approximately $5,784,783.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Winder Investment Pte Ltd purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was bought at an average cost of $136.80 per share, for a total transaction of $2,736,000.00. Following the completion of the acquisition, the insider now directly owns 9,170,793 shares in the company, valued at approximately $1,254,564,482.40. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,234,628 shares of company stock worth $165,576,091 and sold 5,766 shares worth $786,086. 0.48% of the stock is currently owned by insiders.

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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