KBC Group NV cut its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,318 shares of the specialty chemicals company’s stock after selling 5,211 shares during the period. KBC Group NV owned approximately 0.11% of Internationa Flavors & Fragrances worth $11,923,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in IFF. YorkBridge Wealth Partners LLC boosted its stake in shares of Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 146 shares during the period. TrimTabs Asset Management LLC acquired a new stake in shares of Internationa Flavors & Fragrances during the first quarter worth about $122,000. Cornerstone Advisors Inc. boosted its stake in shares of Internationa Flavors & Fragrances by 30.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after buying an additional 245 shares during the period. Van ECK Associates Corp boosted its stake in shares of Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 78 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Internationa Flavors & Fragrances by 15.1% in the second quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock worth $183,000 after buying an additional 177 shares during the period. 83.80% of the stock is owned by institutional investors.
Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 134.83 on Friday. The stock has a market capitalization of $10.65 billion, a PE ratio of 27.21 and a beta of 1.11. The stock has a 50 day moving average of $134.37 and a 200 day moving average of $132.10. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $143.64.
Internationa Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The company had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. During the same period in the prior year, the firm earned $1.47 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders 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 dividend yield of 2.05%. 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 dividend payout ratio is presently 51.72%.
A number of brokerages have recently issued reports on IFF. Zacks Investment Research cut shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Deutsche Bank AG reissued a “hold” rating and set a $139.00 price target (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research report on Thursday, August 10th. Barclays PLC reissued a “sell” rating and set a $123.00 price target on shares of Internationa Flavors & Fragrances in a research report on Friday, August 11th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $136.00 price target (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $138.08.
In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $133.76, for a total transaction of $164,926.08. Following the completion of the sale, the insider now directly owns 46,274 shares of the company’s stock, valued at $6,189,610.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, June 20th. The shares were purchased at an average cost of $136.80 per share, with a total value of $2,736,000.00. Following the completion of the transaction, the insider now owns 9,170,793 shares of the company’s stock, valued at approximately $1,254,564,482.40. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,167,682 shares of company stock valued at $156,538,355 and have sold 5,766 shares valued at $786,086. Corporate insiders own 0.48% of the company’s stock.
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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