Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 50.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 78,744 shares of the specialty chemicals company’s stock after selling 79,234 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in International Flavors & Fragrances were worth $10,955,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in International Flavors & Fragrances during the second quarter worth $113,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in International Flavors & Fragrances by 6.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 233,865 shares of the specialty chemicals company’s stock worth $28,990,000 after buying an additional 13,272 shares in the last quarter. Comerica Bank grew its holdings in International Flavors & Fragrances by 62.3% during the second quarter. Comerica Bank now owns 32,833 shares of the specialty chemicals company’s stock worth $4,235,000 after buying an additional 12,600 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in International Flavors & Fragrances by 44.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 30,872 shares of the specialty chemicals company’s stock valued at $3,827,000 after purchasing an additional 9,548 shares during the period. Finally, Chevy Chase Trust Holdings Inc. bought a new position in International Flavors & Fragrances in the 2nd quarter valued at $8,317,000. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 2,800 shares of the stock in a transaction on Monday, October 29th. The shares were purchased at an average price of $139.91 per share, with a total value of $391,748.00. Following the acquisition, the insider now directly owns 18,472,160 shares in the company, valued at approximately $2,584,439,905.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Francisco Fortanet sold 439 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total value of $62,469.70. Following the completion of the sale, the executive vice president now directly owns 15,754 shares in the company, valued at approximately $2,241,794.20. The disclosure for this sale can be found here. Insiders have purchased a total of 357,000 shares of company stock worth $49,370,717 in the last three months. 0.48% of the stock is currently owned by insiders.

A number of research analysts have issued reports on the company. Stifel Nicolaus restated a “hold” rating and issued a $139.00 price objective (up previously from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Raymond James downgraded International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price objective for the company. in a research note on Friday, November 16th. Finally, Citigroup assumed coverage on International Flavors & Fragrances in a research note on Friday, November 16th. They issued a “neutral” rating and a $152.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $145.00.

Shares of IFF opened at $138.25 on Thursday. The stock has a market cap of $14.74 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.45 and a beta of 0.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16. International Flavors & Fragrances Inc has a 52-week low of $122.11 and a 52-week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.54. The business had revenue of $907.50 million for the quarter, compared to analysts’ expectations of $886.15 million. International Flavors & Fragrances had a return on equity of 21.76% and a net margin of 7.86%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, research analysts expect that International Flavors & Fragrances Inc will post 6.27 EPS for the current year.

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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.

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

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