We Are One Seven LLC bought a new stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,356 shares of the specialty chemicals company’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in International Flavors & Fragrances in the second quarter worth $113,000. Psagot Investment House Ltd. purchased a new stake in International Flavors & Fragrances in the second quarter worth $148,000. Point72 Hong Kong Ltd purchased a new stake in International Flavors & Fragrances in the second quarter worth $200,000. Global Trust Asset Management LLC purchased a new stake in International Flavors & Fragrances in the second quarter worth $203,000. Finally, Advisors Asset Management Inc. grew its stake in International Flavors & Fragrances by 516.2% in the second quarter. Advisors Asset Management Inc. now owns 13,759 shares of the specialty chemicals company’s stock worth $208,000 after purchasing an additional 11,526 shares during the period. 73.59% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances stock opened at $130.92 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.90 and a current ratio of 2.90. 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 $12.76 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.45 and a beta of 1.01.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.05. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. The business had revenue of $920.02 million for the quarter, compared to the consensus estimate of $899.62 million. During the same period in the previous year, the company posted $1.50 earnings per share. On average, research analysts predict that International Flavors & Fragrances Inc will post 6.31 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Monday, September 24th were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 2.23%. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, September 21st. International Flavors & Fragrances’s payout ratio is 49.58%.

In related news, major shareholder Winder Investment Pte Ltd bought 104,808 shares of the company’s stock in a transaction on Monday, July 23rd. The shares were acquired at an average cost of $127.58 per share, with a total value of $13,371,404.64. Following the completion of the acquisition, the insider now owns 14,600,000 shares of the company’s stock, valued at approximately $1,862,668,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Francisco Fortanet sold 1,389 shares of the business’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $140.00, for a total value of $194,460.00. Following the completion of the sale, the executive vice president now directly owns 16,193 shares in the company, valued at $2,267,020. The disclosure for this sale can be found here. Insiders acquired 1,005,400 shares of company stock worth $132,081,625 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $139.00 price target (up from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research note on Friday, September 28th. Finally, ValuEngine raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and an average price target of $146.00.

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.

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

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