International Flavors & Fragrances, Inc. (NYSE:IFF) Shares Sold by Jefferies Group LLC

Jefferies Group LLC trimmed its position in shares of International Flavors & Fragrances, Inc. (NYSE:IFF) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,894 shares of the specialty chemicals company’s stock after selling 975 shares during the period. Jefferies Group LLC’s holdings in International Flavors & Fragrances were worth $1,357,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IFF. First Trust Advisors LP boosted its position in International Flavors & Fragrances by 2.3% in the 3rd quarter. First Trust Advisors LP now owns 44,986 shares of the specialty chemicals company’s stock valued at $6,429,000 after buying an additional 1,001 shares during the last quarter. State of Wisconsin Investment Board boosted its position in International Flavors & Fragrances by 5.7% in the 3rd quarter. State of Wisconsin Investment Board now owns 73,212 shares of the specialty chemicals company’s stock valued at $10,463,000 after buying an additional 3,933 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of International Flavors & Fragrances by 32.8% during the third quarter. State of Tennessee Treasury Department now owns 28,687 shares of the specialty chemicals company’s stock worth $4,100,000 after purchasing an additional 7,088 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of International Flavors & Fragrances by 0.5% during the third quarter. Prudential Financial Inc. now owns 110,007 shares of the specialty chemicals company’s stock worth $15,721,000 after purchasing an additional 520 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of International Flavors & Fragrances by 0.6% during the third quarter. Swiss National Bank now owns 320,564 shares of the specialty chemicals company’s stock worth $45,812,000 after purchasing an additional 1,800 shares during the last quarter. 83.58% of the stock is owned by hedge funds and other institutional investors.

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In related news, EVP Francisco Fortanet sold 603 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $141.94, for a total transaction of $85,589.82. Following the completion of the transaction, the executive vice president now directly owns 38,393 shares of the company’s stock, valued at approximately $5,449,502.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Winder Investment Pte Ltd purchased 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The shares were purchased at an average cost of $134.59 per share, with a total value of $646,032.00. Following the completion of the acquisition, the insider now directly owns 10,654,993 shares in the company, valued at $1,434,055,507.87. The disclosure for this purchase can be found here. Insiders have bought a total of 134,800 shares of company stock worth $18,088,761 in the last 90 days. 0.48% of the stock is owned by insiders.

IFF has been the topic of several research reports. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research note on Tuesday, January 9th. Deutsche Bank decreased their price objective on shares of International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating for the company in a report on Thursday, February 15th. Evercore ISI upgraded shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 17th. KeyCorp decreased their price objective on shares of International Flavors & Fragrances from $162.00 to $156.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Finally, Barclays set a $131.00 target price on shares of International Flavors & Fragrances and gave the stock a “sell” rating in a report on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus price target of $150.13.

IFF stock opened at $135.33 on Friday. International Flavors & Fragrances, Inc. has a 12-month low of $128.42 and a 12-month high of $157.40. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.47 and a quick ratio of 1.62. The company has a market capitalization of $10,814.67, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.56 and a beta of 1.12.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Wednesday, February 14th. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The company had revenue of $854.60 million during the quarter, compared to the consensus estimate of $832.26 million. International Flavors & Fragrances had a net margin of 8.70% and a return on equity of 27.69%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. research analysts expect that International Flavors & Fragrances, Inc. will post 6.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Monday, March 26th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, March 23rd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.04%. International Flavors & Fragrances’s dividend payout ratio is currently 46.86%.

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International Flavors & Fragrances Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily 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 International Flavors & Fragrances (NYSE:IFF)

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