6,774 Shares in International Flavors & Fragrances Inc (IFF) Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new position in International Flavors & Fragrances Inc (NYSE:IFF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,774 shares of the specialty chemicals company’s stock, valued at approximately $942,000.

Several other institutional investors have also modified their holdings of the business. Winder Investment Pte Ltd raised its position in shares of International Flavors & Fragrances by 27.7% during the 3rd quarter. Winder Investment Pte Ltd now owns 17,872,160 shares of the specialty chemicals company’s stock valued at $2,486,375,000 after acquiring an additional 3,872,160 shares during the last quarter. Vanguard Group Inc. raised its position in shares of International Flavors & Fragrances by 13.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,298,969 shares of the specialty chemicals company’s stock valued at $1,432,792,000 after acquiring an additional 1,239,892 shares during the last quarter. BlackRock Inc. raised its position in shares of International Flavors & Fragrances by 5.1% during the 3rd quarter. BlackRock Inc. now owns 5,936,388 shares of the specialty chemicals company’s stock valued at $825,870,000 after acquiring an additional 289,468 shares during the last quarter. Capital Research Global Investors raised its position in shares of International Flavors & Fragrances by 67.2% during the 3rd quarter. Capital Research Global Investors now owns 2,998,890 shares of the specialty chemicals company’s stock valued at $417,206,000 after acquiring an additional 1,205,000 shares during the last quarter. Finally, FMR LLC raised its position in shares of International Flavors & Fragrances by 17,389.6% during the 3rd quarter. FMR LLC now owns 2,290,964 shares of the specialty chemicals company’s stock valued at $318,718,000 after acquiring an additional 2,277,865 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Several analysts have commented on the stock. Raymond James cut shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 target price for the company. in a research report on Friday, November 16th. ValuEngine upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Citigroup assumed coverage on shares of International Flavors & Fragrances in a research report on Friday, November 16th. They set a “neutral” rating and a $152.00 target price for the company. Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the company from $126.00 to $154.00 in a research report on Tuesday, October 16th. Finally, Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and an average price target of $145.00.

IFF opened at $138.76 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 8.21. International Flavors & Fragrances Inc has a 12 month low of $122.11 and a 12 month high of $157.40. The firm has a market capitalization of $14.74 billion, a P/E ratio of 23.56, a PEG ratio of 2.45 and a beta of 0.85.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, November 5th. The specialty chemicals company reported $1.54 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.54. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The business had revenue of $907.50 million during the quarter, compared to analysts’ expectations of $886.15 million. During the same quarter in the prior year, the company earned $1.47 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that International Flavors & Fragrances Inc will post 6.27 earnings per share for the current fiscal year.

In related news, EVP Francisco Fortanet sold 439 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total value of $62,469.70. Following the completion of the transaction, the executive vice president now directly owns 15,754 shares of the company’s stock, valued at approximately $2,241,794.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 100,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Tuesday, October 16th. The stock was bought at an average cost of $136.75 per share, with a total value of $13,675,000.00. Following the completion of the purchase, the insider now owns 17,913,631 shares in the company, valued at approximately $2,449,689,039.25. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 357,000 shares of company stock valued at $49,370,717. 0.48% of the stock is owned by corporate insiders.

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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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