Fairfield Bush & CO. Continues to Hold Holdings in Internationa Flavors & Fragrances, Inc. (IFF)

Fairfield Bush & CO. continued to hold its stake in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,647 shares of the specialty chemicals company’s stock at the end of the second quarter. Internationa Flavors & Fragrances accounts for approximately 2.5% of Fairfield Bush & CO.’s portfolio, making the stock its 14th largest holding. Fairfield Bush & CO. owned 0.07% of Internationa Flavors & Fragrances worth $7,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its position in Internationa Flavors & Fragrances by 5.7% during the second quarter. YorkBridge Wealth Partners LLC now owns 764 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of Internationa Flavors & Fragrances by 30.2% during the second quarter. Cornerstone Advisors Inc. now owns 1,056 shares of the specialty chemicals company’s stock worth $143,000 after buying an additional 245 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Internationa Flavors & Fragrances by 0.5% during the second quarter. D.A. Davidson & CO. now owns 1,073 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 5 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Internationa Flavors & Fragrances by 7.2% during the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 78 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its holdings in shares of Internationa Flavors & Fragrances by 6.3% during the second quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock worth $171,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Several research analysts have recently issued reports on the stock. KeyCorp reiterated a “buy” rating and set a $148.00 price target on shares of Internationa Flavors & Fragrances in a report on Wednesday, October 4th. Zacks Investment Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Barclays PLC reiterated a “sell” rating and set a $123.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and set a $139.00 price target (up from $135.00) on shares of Internationa Flavors & Fragrances in a report on Thursday, August 10th. Finally, BidaskClub upgraded shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $134.35.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $133.76, for a total value of $164,926.08. Following the transaction, the insider now owns 46,274 shares in the company, valued at $6,189,610.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Winder Investment Pte Ltd purchased 40,000 shares of Internationa Flavors & Fragrances stock in a transaction that occurred on Thursday, July 13th. The shares were bought at an average price of $132.80 per share, for a total transaction of $5,312,000.00. Following the transaction, the insider now directly owns 9,330,793 shares of the company’s stock, valued at $1,239,129,310.40. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,149,400 shares of company stock worth $154,143,873 and sold 6,998 shares worth $962,952. 0.48% of the stock is currently owned by insiders.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded up 0.65% during mid-day trading on Tuesday, reaching $147.33. 118,258 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $141.46 and a 200-day moving average price of $136.63. Internationa Flavors & Fragrances, Inc. has a one year low of $113.16 and a one year high of $148.06. The stock has a market cap of $11.64 billion, a PE ratio of 29.73 and a beta of 1.11.

Internationa Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The firm had revenue of $842.86 million for the quarter, compared to analysts’ expectations of $845.89 million. During the same quarter in the previous year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Monday, September 25th were given a $0.69 dividend. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. The ex-dividend date was Friday, September 22nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.89%. Internationa Flavors & Fragrances’s payout ratio is presently 55.76%.

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Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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

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