Ameriprise Financial Inc. Sells 6,168 Shares of Internationa Flavors & Fragrances, Inc. (IFF)

Ameriprise Financial Inc. reduced its stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,233 shares of the specialty chemicals company’s stock after selling 6,168 shares during the period. Ameriprise Financial Inc. owned approximately 0.06% of Internationa Flavors & Fragrances worth $6,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Cleararc Capital Inc. lifted its stake in Internationa Flavors & Fragrances by 0.6% during the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock worth $258,000 after purchasing an additional 11 shares during the last quarter. Ironwood Investment Management LLC lifted its stake in Internationa Flavors & Fragrances by 0.7% during the second quarter. Ironwood Investment Management LLC now owns 2,940 shares of the specialty chemicals company’s stock worth $397,000 after purchasing an additional 20 shares during the last quarter. Intrust Bank NA lifted its stake in Internationa Flavors & Fragrances by 1.2% during the second quarter. Intrust Bank NA now owns 2,937 shares of the specialty chemicals company’s stock worth $396,000 after purchasing an additional 36 shares during the last quarter. Rothschild Asset Management Inc. lifted its stake in Internationa Flavors & Fragrances by 1.2% during the second quarter. Rothschild Asset Management Inc. now owns 3,622 shares of the specialty chemicals company’s stock worth $489,000 after purchasing an additional 44 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in Internationa Flavors & Fragrances by 1.5% during the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the specialty chemicals company’s stock worth $416,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 82.17% of the company’s stock.

In other news, insider Nicolas Mirzayantz sold 1,232 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.56, for a total transaction of $176,865.92. Following the completion of the sale, the insider now owns 43,809 shares of the company’s stock, valued at $6,289,220.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Winder Investment Pte Ltd acquired 80,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $133.27 per share, with a total value of $10,661,600.00. Following the acquisition, the insider now directly owns 9,820,997 shares of the company’s stock, valued at approximately $1,308,844,270.19. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 679,196 shares of company stock valued at $91,404,985 and have sold 5,765 shares valued at $798,026. 0.48% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on the stock. Deutsche Bank AG restated a “hold” rating and issued a $139.00 price objective (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. BidaskClub upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC restated a “sell” rating and issued a $123.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Stifel Nicolaus reiterated a “hold” rating and set a $136.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Internationa Flavors & Fragrances currently has a consensus rating of “Hold” and an average price target of $135.15.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) opened at 148.56 on Friday. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $151.04. The stock’s 50 day moving average is $145.44 and its 200 day moving average is $138.03. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 29.98 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) 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 business had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Monday, September 25th were issued a dividend of $0.69 per share. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date was Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.86%. Internationa Flavors & Fragrances’s dividend payout ratio is presently 55.76%.

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Internationa Flavors & Fragrances 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.

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

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