Mercer Global Advisors Inc. ADV bought a new stake in International Flavors & Fragrances Inc (NYSE:IFF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,033 shares of the specialty chemicals company’s stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IFF. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of International Flavors & Fragrances during the 1st quarter worth approximately $438,000. Gradient Investments LLC acquired a new stake in International Flavors & Fragrances in the 1st quarter valued at $7,692,000. Bell Asset Management Ltd boosted its stake in International Flavors & Fragrances by 34.9% in the 1st quarter. Bell Asset Management Ltd now owns 72,579 shares of the specialty chemicals company’s stock valued at $9,347,000 after buying an additional 18,783 shares in the last quarter. Fenimore Asset Management Inc. boosted its stake in International Flavors & Fragrances by 11.4% in the 1st quarter. Fenimore Asset Management Inc. now owns 46,740 shares of the specialty chemicals company’s stock valued at $6,020,000 after buying an additional 4,775 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in International Flavors & Fragrances by 2.2% in the 1st quarter. State of Alaska Department of Revenue now owns 23,178 shares of the specialty chemicals company’s stock valued at $2,983,000 after buying an additional 503 shares in the last quarter. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on IFF shares. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 8th. ValuEngine lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Barclays reaffirmed a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. Citigroup cut their price objective on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, February 21st. Finally, Seaport Global Securities assumed coverage on International Flavors & Fragrances in a research report on Thursday, February 21st. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $144.33.

In other news, major shareholder Winder Investment Pte Ltd bought 50,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was bought at an average price of $129.04 per share, for a total transaction of $6,452,000.00. Following the completion of the transaction, the insider now directly owns 20,210,193 shares in the company, valued at approximately $2,607,923,304.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 165,588 shares of company stock valued at $21,637,048. Corporate insiders own 0.39% of the company’s stock.

Shares of IFF opened at $136.00 on Friday. The company has a quick ratio of 1.65, a current ratio of 2.61 and a debt-to-equity ratio of 0.75. International Flavors & Fragrances Inc has a 52-week low of $121.85 and a 52-week high of $150.57. The firm has a market capitalization of $14.50 billion, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.07). International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The company’s revenue for the quarter was up 42.6% compared to the same quarter last year. On average, equities research analysts forecast that International Flavors & Fragrances Inc will post 6.36 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 25th were given a $0.73 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $2.92 annualized dividend and a yield of 2.15%. International Flavors & Fragrances’s payout ratio is 46.50%.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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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