Sphera Funds Management LTD. purchased a new position in shares of International Flavors & Fragrances Inc (NYSE:IFF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,450 shares of the specialty chemicals company’s stock, valued at approximately $5,071,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Research Inc. boosted its holdings in shares of International Flavors & Fragrances by 1.5% in the 3rd quarter. Advisory Research Inc. now owns 23,941 shares of the specialty chemicals company’s stock valued at $3,331,000 after buying an additional 357 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of International Flavors & Fragrances by 9.6% in the 3rd quarter. Keybank National Association OH now owns 4,452 shares of the specialty chemicals company’s stock valued at $619,000 after buying an additional 390 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of International Flavors & Fragrances by 40.0% in the 3rd quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock valued at $195,000 after buying an additional 400 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of International Flavors & Fragrances by 2.8% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 14,837 shares of the specialty chemicals company’s stock valued at $2,064,000 after buying an additional 410 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of International Flavors & Fragrances by 3.9% in the 2nd quarter. GHP Investment Advisors Inc. now owns 11,203 shares of the specialty chemicals company’s stock valued at $1,389,000 after buying an additional 422 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Several research analysts have recently issued reports on IFF shares. ValuEngine upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the company from $126.00 to $154.00 in a report on Tuesday, October 16th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a report on Friday, September 28th. Stifel Nicolaus restated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Finally, Citigroup started coverage on shares of International Flavors & Fragrances in a report on Friday, November 16th. They issued a “neutral” rating and a $152.00 target price for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. International Flavors & Fragrances presently has an average rating of “Hold” and an average target price of $145.00.

NYSE:IFF traded up $0.86 during trading hours on Friday, reaching $139.62. 100,009 shares of the company’s stock were exchanged, compared to its average volume of 733,737. The stock has a market cap of $14.74 billion, a P/E ratio of 23.70, 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 current ratio of 9.16 and a quick ratio of 8.21. International Flavors & Fragrances Inc has a 1-year low of $122.11 and a 1-year high of $157.40.

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

In other news, major shareholder Winder Investment Pte Ltd acquired 64,500 shares of the business’s stock in a transaction on Friday, October 19th. The stock was bought at an average price of $139.05 per share, for a total transaction of $8,968,725.00. Following the transaction, the insider now owns 18,080,291 shares in the company, valued at $2,514,064,463.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Francisco Fortanet sold 1,389 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $140.00, for a total transaction of $194,460.00. Following the transaction, the executive vice president now owns 16,193 shares of the company’s stock, valued at approximately $2,267,020. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 357,000 shares of company stock valued at $49,370,717. 0.48% of the stock is owned by company insiders.

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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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