Edmond DE Rothschild Holding S.A. raised its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 37.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,895 shares of the specialty chemicals company’s stock after purchasing an additional 520 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in International Flavors & Fragrances were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. JOYN Advisors Inc. grew its position in shares of International Flavors & Fragrances by 65.5% in the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 74 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $27,000. Fort L.P. grew its position in shares of International Flavors & Fragrances by 365.3% in the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 179 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $37,000. Finally, Rational Advisors LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.

In related news, major shareholder Winder Investment Pte Ltd acquired 79,300 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, December 19th. The stock was acquired at an average price of $132.17 per share, for a total transaction of $10,481,081.00. Following the transaction, the insider now directly owns 18,913,558 shares of the company’s stock, valued at approximately $2,499,804,960.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have purchased a total of 1,102,910 shares of company stock valued at $144,811,615 in the last 90 days. Insiders own 0.50% of the company’s stock.

Several brokerages have recently commented on IFF. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. ValuEngine lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Citigroup decreased their target price on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, February 21st. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research report on Monday, February 18th. Finally, KeyCorp decreased their target price on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research report on Monday, February 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $143.50.

NYSE:IFF opened at $124.59 on Friday. International Flavors & Fragrances Inc has a 12-month low of $122.11 and a 12-month high of $150.57. The company has a market cap of $13.29 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.20 and a beta of 0.75. The company has a quick ratio of 1.65, a current ratio of 2.61 and a debt-to-equity ratio of 0.75.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The company’s revenue for the quarter was up 42.6% compared to the same quarter last year. Equities analysts expect that International Flavors & Fragrances Inc will post 6.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Monday, March 25th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 2.34%. International Flavors & Fragrances’s dividend payout ratio is currently 46.50%.

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International Flavors & Fragrances Company 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.

Read More: SEC Filing

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

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