Chesapeake Asset Management LLC boosted its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 148.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,208 shares of the specialty chemicals company’s stock after purchasing an additional 4,900 shares during the period. International Flavors & Fragrances comprises 1.3% of Chesapeake Asset Management LLC’s portfolio, making the stock its 29th largest holding. Chesapeake Asset Management LLC’s holdings in International Flavors & Fragrances were worth $1,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. IFP Advisors Inc grew its position in shares of International Flavors & Fragrances by 40.0% during the third quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock worth $195,000 after acquiring an additional 400 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of International Flavors & Fragrances by 2.8% during the third quarter. Public Employees Retirement Association of Colorado now owns 14,837 shares of the specialty chemicals company’s stock worth $2,064,000 after acquiring an additional 410 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of International Flavors & Fragrances by 3.9% during the second quarter. GHP Investment Advisors Inc. now owns 11,203 shares of the specialty chemicals company’s stock worth $1,389,000 after acquiring an additional 422 shares during the last quarter. Arizona State Retirement System grew its position in shares of International Flavors & Fragrances by 0.8% during the third quarter. Arizona State Retirement System now owns 50,483 shares of the specialty chemicals company’s stock worth $7,023,000 after acquiring an additional 423 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in shares of International Flavors & Fragrances by 11.7% during the second quarter. Riverhead Capital Management LLC now owns 4,306 shares of the specialty chemicals company’s stock worth $534,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 63.60% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. 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. ValuEngine upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $139.00 price objective (up from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. Finally, Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the company from $126.00 to $154.00 in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $145.43.

In other International Flavors & Fragrances news, EVP Francisco Fortanet sold 1,389 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $140.00, for a total transaction of $194,460.00. Following the sale, the executive vice president now directly owns 16,193 shares in the company, valued at approximately $2,267,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 100,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were bought at an average price of $136.75 per share, for a total transaction of $13,675,000.00. Following the completion of the transaction, the insider now directly owns 17,913,631 shares in the company, valued at approximately $2,449,689,039.25. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 357,000 shares of company stock worth $49,370,717. 0.48% of the stock is currently owned by insiders.

NYSE:IFF opened at $145.85 on Monday. International Flavors & Fragrances Inc has a 1-year low of $122.11 and a 1-year high of $157.40. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.90 and a current ratio of 9.16. The firm has a market capitalization of $15.55 billion, a P/E ratio of 23.19, a PEG ratio of 2.60 and a beta of 0.88.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.54. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The firm had revenue of $907.50 million for the quarter, compared to analyst estimates of $886.15 million. During the same period last year, the firm posted $1.47 EPS. International Flavors & Fragrances’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that International Flavors & Fragrances Inc will post 6.22 earnings per share for the current fiscal year.

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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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