Trillium Asset Management LLC lifted its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 8.3% in the third quarter, Holdings Channel reports. The institutional investor owned 111,343 shares of the specialty chemicals company’s stock after buying an additional 8,545 shares during the period. Trillium Asset Management LLC’s holdings in International Flavors & Fragrances were worth $15,490,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of IFF. BlackRock Inc. boosted its stake in shares of International Flavors & Fragrances by 5.9% during the 2nd quarter. BlackRock Inc. now owns 5,646,920 shares of the specialty chemicals company’s stock worth $699,992,000 after buying an additional 315,418 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at about $33,886,000. Rovida Advisors Inc. bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at about $29,124,000. Arrowgrass Capital Partners US LP bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at about $28,538,000. Finally, Engadine Partners LLP raised its holdings in shares of International Flavors & Fragrances by 118.4% in the 3rd quarter. Engadine Partners LLP now owns 402,959 shares of the specialty chemicals company’s stock valued at $56,060,000 after purchasing an additional 218,422 shares during the period. Institutional investors own 70.86% of the company’s stock.
Several research firms have weighed in on IFF. Raymond James cut shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 price target on the stock. in a report on Friday. ValuEngine raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Citigroup began coverage on shares of International Flavors & Fragrances in a report on Friday. They issued a “neutral” rating and a $152.00 price target on the stock. Deutsche Bank raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the company from $126.00 to $154.00 in a report on Tuesday, October 16th. Finally, Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $145.00.
In other International Flavors & Fragrances news, EVP Francisco Fortanet sold 1,389 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $140.00, for a total value of $194,460.00. Following the sale, the executive vice president now owns 16,193 shares in the company, valued at $2,267,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd bought 64,500 shares of the business’s stock in a transaction on Friday, October 19th. The stock was bought at an average price of $139.05 per share, for a total transaction of $8,968,725.00. Following the transaction, the insider now directly owns 18,080,291 shares of the company’s stock, valued at $2,514,064,463.55. The disclosure for this purchase can be found here. Insiders acquired 357,000 shares of company stock worth $49,370,717 in the last 90 days. Company insiders own 0.50% of the company’s stock.
Shares of NYSE IFF traded down $0.24 during trading hours on Monday, hitting $143.07. 1,634 shares of the stock were exchanged, compared to its average volume of 878,335. International Flavors & Fragrances Inc has a 1-year low of $122.11 and a 1-year high of $157.40. The company has a current ratio of 9.16, a quick ratio of 8.21 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.54 and a beta of 0.88.
International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.54. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The firm had revenue of $907.50 million for the quarter, compared to analyst estimates of $886.15 million. During the same quarter last year, the business posted $1.47 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts forecast that International Flavors & Fragrances Inc will post 6.27 earnings per share for the current year.
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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.
Further Reading: How mutual funds make money
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