International Flavors & Fragrances Inc (IFF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 16.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,394,094 shares of the specialty chemicals company’s stock after selling 264,561 shares during the period. Bank of New York Mellon Corp owned 1.76% of International Flavors & Fragrances worth $172,811,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $113,000. Psagot Investment House Ltd. bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $148,000. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $200,000. Global Trust Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $203,000. Finally, Visionary Asset Management Inc. bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $213,000. Institutional investors own 63.52% of the company’s stock.

IFF stock opened at $145.98 on Friday. International Flavors & Fragrances Inc has a twelve month low of $122.11 and a twelve month high of $157.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.90 and a current ratio of 2.90. The company has a market capitalization of $15.57 billion, a PE ratio of 23.47, a P/E/G ratio of 2.67 and a beta of 0.88.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.05. The company had revenue of $920.02 million during the quarter, compared to the consensus estimate of $899.62 million. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. During the same period last year, the business posted $1.50 earnings per share. Equities research analysts anticipate that International Flavors & Fragrances Inc will post 6.07 EPS for the current fiscal year.

A number of research analysts have recently weighed in on IFF shares. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. ValuEngine upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Stifel Nicolaus restated a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Finally, Deutsche Bank upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their target price for the company from $126.00 to $154.00 in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. International Flavors & Fragrances presently has a consensus rating of “Hold” and a consensus target price of $149.33.

In related news, EVP Francisco Fortanet sold 1,389 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $140.00, for a total transaction of $194,460.00. Following the completion of the sale, the executive vice president now directly owns 16,193 shares of the company’s stock, valued at $2,267,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Winder Investment Pte Ltd purchased 2,800 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average cost of $139.91 per share, with a total value of $391,748.00. Following the completion of the transaction, the insider now directly owns 18,472,160 shares of the company’s stock, valued at approximately $2,584,439,905.60. The disclosure for this purchase can be found here. Insiders have purchased 682,000 shares of company stock valued at $92,954,317 over the last ninety days. 0.48% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company 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.

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

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