Meiji Yasuda Life Insurance Co raised its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 34.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,169 shares of the specialty chemicals company’s stock after acquiring an additional 2,369 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in International Flavors & Fragrances were worth $1,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. JOYN Advisors Inc. increased its position in shares of International Flavors & Fragrances by 65.5% during the fourth quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 74 shares during the period. Lenox Wealth Management Inc. acquired a new stake in shares of International Flavors & Fragrances during the first quarter worth $26,000. Fort L.P. increased its position in shares of International Flavors & Fragrances by 365.3% during the fourth quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 179 shares during the period. Kaizen Advisory LLC increased its position in shares of International Flavors & Fragrances by 50.3% during the fourth quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 91 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

NYSE:IFF traded down $0.20 during trading hours on Wednesday, reaching $151.95. The company had a trading volume of 21,023 shares, compared to its average volume of 949,065. The company has a current ratio of 2.56, a quick ratio of 1.58 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 24.15 and a beta of 0.74. International Flavors & Fragrances Inc has a twelve month low of $121.85 and a twelve month high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. International Flavors & Fragrances had a net margin of 7.29% and a return on equity of 12.74%. The business’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the company posted $1.79 earnings per share. Equities analysts predict that International Flavors & Fragrances Inc will post 6.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 24th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s payout ratio is 46.50%.

Several equities research analysts have recently weighed in 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 Tuesday, April 23rd. KeyCorp increased their price objective on shares of International Flavors & Fragrances from $143.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. ValuEngine upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research report on Monday, February 18th. Finally, Citigroup decreased their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $150.25.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $142.00, for a total value of $355,000.00. Following the completion of the sale, the insider now directly owns 40,858 shares in the company, valued at $5,801,836. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 8,608 shares of company stock valued at $1,217,219 over the last 90 days. Corporate insiders own 0.39% of the company’s stock.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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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