Victory Capital Management Inc. Has $86.89 Million Stake in Internationa Flavors & Fragrances, Inc. (NYSE:IFF)

Victory Capital Management Inc. lowered its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 607,973 shares of the specialty chemicals company’s stock after selling 1,011 shares during the period. Victory Capital Management Inc. owned 0.77% of Internationa Flavors & Fragrances worth $86,885,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC grew its stake in shares of Internationa Flavors & Fragrances by 5.7% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 41 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Internationa Flavors & Fragrances by 30.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock valued at $143,000 after purchasing an additional 245 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Internationa Flavors & Fragrances by 0.5% during the 2nd quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock valued at $144,000 after purchasing an additional 5 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in Internationa Flavors & Fragrances by 6.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 76 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Internationa Flavors & Fragrances by 15.1% during the 2nd quarter. IFP Advisors Inc now owns 1,353 shares of the specialty chemicals company’s stock valued at $183,000 after purchasing an additional 177 shares during the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

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IFF has been the topic of several research analyst reports. KeyCorp reissued a “buy” rating and set a $148.00 price target on shares of Internationa Flavors & Fragrances in a report on Wednesday, October 4th. Zacks Investment Research cut Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Deutsche Bank AG restated a “hold” rating and set a $139.00 price objective (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research report on Thursday, August 10th. UBS AG restated a “buy” rating and set a $166.00 price objective (up previously from $151.00) on shares of Internationa Flavors & Fragrances in a research report on Tuesday, November 7th. Finally, Barclays PLC restated a “sell” rating and set a $123.00 price objective on shares of Internationa Flavors & Fragrances in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Internationa Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $141.68.

In other news, major shareholder Winder Investment Pte Ltd purchased 700 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was acquired at an average price of $139.32 per share, with a total value of $97,524.00. Following the purchase, the insider now directly owns 10,420,193 shares in the company, valued at approximately $1,451,741,288.76. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nicolas Mirzayantz sold 1,232 shares of the stock in a transaction that occurred 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 directly owns 43,809 shares of the company’s stock, valued at approximately $6,289,220.04. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 123,708 shares of company stock valued at $16,853,579 and have sold 5,465 shares valued at $757,718. 0.48% of the stock is owned by corporate insiders.

Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at $146.77 on Friday. The stock has a market cap of $11,591.45, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $153.97.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $872.90 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. sell-side analysts anticipate that Internationa Flavors & Fragrances, Inc. will post 5.79 EPS for the current fiscal year.

Internationa Flavors & Fragrances declared that its board has authorized a share buyback program on Wednesday, November 1st that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the specialty chemicals company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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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