Royal Bank of Canada Has $2.50 Million Position in Internationa Flavors & Fragrances, Inc. (IFF)

Royal Bank of Canada decreased its holdings in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,499 shares of the specialty chemicals company’s stock after selling 2,649 shares during the period. Royal Bank of Canada’s holdings in Internationa Flavors & Fragrances were worth $2,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IFF. FMR LLC boosted its position in shares of Internationa Flavors & Fragrances by 11.4% in the first quarter. FMR LLC now owns 34,976 shares of the specialty chemicals company’s stock valued at $4,636,000 after acquiring an additional 3,592 shares during the period. Teachers Advisors LLC boosted its position in shares of Internationa Flavors & Fragrances by 5.0% in the first quarter. Teachers Advisors LLC now owns 95,701 shares of the specialty chemicals company’s stock valued at $12,683,000 after acquiring an additional 4,535 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Internationa Flavors & Fragrances by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 241,998 shares of the specialty chemicals company’s stock valued at $32,071,000 after acquiring an additional 1,870 shares during the period. Barings LLC bought a new position in shares of Internationa Flavors & Fragrances in the first quarter valued at approximately $1,058,000. Finally, HighTower Advisors LLC boosted its position in shares of Internationa Flavors & Fragrances by 83.1% in the first quarter. HighTower Advisors LLC now owns 5,523 shares of the specialty chemicals company’s stock valued at $729,000 after acquiring an additional 2,507 shares during the period. Hedge funds and other institutional investors own 84.46% of the company’s stock.

In other Internationa Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $137.22, for a total transaction of $411,660.00. Following the transaction, the executive vice president now directly owns 42,157 shares of the company’s stock, valued at $5,784,783.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicolas Mirzayantz sold 1,232 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.56, for a total transaction of $176,865.92. Following the transaction, the insider now directly owns 43,809 shares in the company, valued at $6,289,220.04. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 123,708 shares of company stock worth $16,853,579 and have sold 5,465 shares worth $757,718. Company insiders own 0.48% of the company’s stock.

A number of research firms have recently commented on IFF. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “buy” rating and set a $168.00 price objective for the company in a research report on Thursday. Berenberg Bank restated a “buy” rating and issued a $160.00 price objective on shares of Internationa Flavors & Fragrances in a research report on Friday. BidaskClub upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research 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 research report on Friday, August 11th. Finally, 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 research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $141.68.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded up $0.03 during trading on Friday, reaching $146.77. 282,200 shares of the company’s stock traded hands, compared to its average volume of 474,129. The company has a market capitalization of $11,589.11, a price-to-earnings ratio of 25.70, a PEG ratio of 2.91 and a beta of 1.18. Internationa Flavors & Fragrances, Inc. has a twelve month low of $113.16 and a twelve month high of $153.97. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.92.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.42 by $0.05. The firm had revenue of $872.90 million for the quarter, compared to the consensus estimate of $847.63 million. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. analysts anticipate that Internationa Flavors & Fragrances, Inc. will post 5.79 EPS for the current year.

Internationa Flavors & Fragrances declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 1st that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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About Internationa Flavors & Fragrances

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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