Sumitomo Mitsui Trust Holdings Inc. raised its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,933 shares of the specialty chemicals company’s stock after buying an additional 323 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Internationa Flavors & Fragrances worth $29,556,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Cleararc Capital Inc. raised its stake in Internationa Flavors & Fragrances by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock worth $258,000 after buying an additional 11 shares during the last quarter. Ironwood Investment Management LLC raised its stake in Internationa Flavors & Fragrances by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock worth $397,000 after buying an additional 20 shares during the last quarter. Albert D Mason Inc. raised its stake in Internationa Flavors & Fragrances by 0.4% in the first quarter. Albert D Mason Inc. now owns 8,135 shares of the specialty chemicals company’s stock worth $1,078,000 after buying an additional 30 shares during the last quarter. Pacer Advisors Inc. raised its stake in Internationa Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 44 shares during the last quarter. Finally, Rothschild Asset Management Inc. raised its stake in Internationa Flavors & Fragrances by 1.2% in the second quarter. Rothschild Asset Management Inc. now owns 3,622 shares of the specialty chemicals company’s stock worth $489,000 after buying an additional 44 shares during the last quarter. 82.43% of the stock is owned by institutional investors and hedge funds.

Internationa Flavors & Fragrances, Inc. (IFF) opened at 135.95 on Wednesday. The stock’s 50 day moving average is $134.54 and its 200 day moving average is $132.75. The firm has a market cap of $10.74 billion, a PE ratio of 27.43 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 12 month low of $113.16 and a 12 month high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.05. The firm had revenue of $842.86 million for the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. Internationa Flavors & Fragrances’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 earnings per share. On average, equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.03%. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Friday, September 22nd. Internationa Flavors & Fragrances’s payout ratio is presently 51.72%.

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A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reaffirmed a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Finally, Vertical Research lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Internationa Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $138.91.

In other Internationa Flavors & Fragrances news, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $134.36, for a total value of $40,308.00. Following the transaction, the executive vice president now directly owns 19,994 shares of the company’s stock, valued at approximately $2,686,393.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 18,300 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average cost of $135.26 per share, for a total transaction of $2,475,258.00. Following the completion of the transaction, the insider now owns 10,364,921 shares in the company, valued at $1,401,959,214.46. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,214,128 shares of company stock worth $162,786,041 and have sold 5,766 shares worth $786,086. 0.48% of the stock is currently owned by insiders.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold 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 Internationa Flavors & Fragrances (NYSE:IFF)

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