Guggenheim Capital LLC Has $48.83 Million Holdings in International Flavors & Fragrances, Inc. (NYSE:IFF)

Guggenheim Capital LLC increased its stake in International Flavors & Fragrances, Inc. (NYSE:IFF) by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 319,995 shares of the specialty chemicals company’s stock after acquiring an additional 36,919 shares during the period. Guggenheim Capital LLC owned about 0.41% of International Flavors & Fragrances worth $48,834,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in IFF. Prudential Financial Inc. grew its position in International Flavors & Fragrances by 0.5% in the third quarter. Prudential Financial Inc. now owns 110,007 shares of the specialty chemicals company’s stock worth $15,721,000 after acquiring an additional 520 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in shares of International Flavors & Fragrances by 21.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,404 shares of the specialty chemicals company’s stock worth $344,000 after purchasing an additional 417 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of International Flavors & Fragrances by 37.4% during the third quarter. BNP Paribas Arbitrage SA now owns 39,530 shares of the specialty chemicals company’s stock worth $5,649,000 after purchasing an additional 10,758 shares during the period. Sei Investments Co. boosted its holdings in shares of International Flavors & Fragrances by 9.9% during the third quarter. Sei Investments Co. now owns 14,399 shares of the specialty chemicals company’s stock worth $2,058,000 after purchasing an additional 1,300 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of International Flavors & Fragrances by 10.2% during the third quarter. Toronto Dominion Bank now owns 35,145 shares of the specialty chemicals company’s stock worth $5,024,000 after purchasing an additional 3,260 shares during the period. Institutional investors own 83.58% of the company’s stock.

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Shares of IFF traded down $2.95 during mid-day trading on Friday, hitting $135.33. The company’s stock had a trading volume of 274,094 shares, compared to its average volume of 403,929. International Flavors & Fragrances, Inc. has a 52-week low of $128.42 and a 52-week high of $157.40. The stock has a market capitalization of $10,681.33, a PE ratio of 22.98, a PEG ratio of 2.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.62 and a current ratio of 2.47.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Wednesday, February 14th. The specialty chemicals company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The firm had revenue of $854.60 million during the quarter, compared to analysts’ expectations 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 company earned $1.22 EPS. equities research analysts forecast that International Flavors & Fragrances, Inc. will post 6.29 EPS for the current year.

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

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Evercore ISI raised shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 17th. KeyCorp reduced their price target on shares of International Flavors & Fragrances from $162.00 to $156.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Deutsche Bank dropped their target price on shares of International Flavors & Fragrances from $150.00 to $147.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. Finally, JPMorgan Chase cut shares of International Flavors & Fragrances from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $140.00 to $130.00 in a report on Friday, March 16th. Two investment 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 an average rating of “Hold” and a consensus target price of $150.13.

In related news, major shareholder Winder Investment Pte Ltd purchased 55,596 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was acquired at an average cost of $134.01 per share, for a total transaction of $7,450,419.96. Following the completion of the transaction, the insider now directly owns 10,630,193 shares in the company, valued at $1,424,552,163.93. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Francisco Fortanet sold 603 shares of the firm’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders bought a total of 134,800 shares of company stock worth $18,088,761 over the last ninety days. Insiders own 0.48% of the company’s stock.

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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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