Copeland Capital Management LLC Sells 17,045 Shares of Internationa Flavors & Fragrances, Inc. (IFF)

Copeland Capital Management LLC lowered its holdings in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,602 shares of the specialty chemicals company’s stock after selling 17,045 shares during the period. Copeland Capital Management LLC owned about 0.12% of Internationa Flavors & Fragrances worth $13,234,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Internationa Flavors & Fragrances by 3.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,843 shares of the specialty chemicals company’s stock worth $5,109,000 after purchasing an additional 1,327 shares during the last quarter. Caxton Associates LP acquired a new position in shares of Internationa Flavors & Fragrances in the 2nd quarter worth approximately $4,050,000. Zurich Insurance Group Ltd FI acquired a new position in shares of Internationa Flavors & Fragrances in the 2nd quarter worth approximately $1,465,000. Janus Henderson Group PLC grew its stake in shares of Internationa Flavors & Fragrances by 1,096.1% in the 2nd quarter. Janus Henderson Group PLC now owns 103,621 shares of the specialty chemicals company’s stock worth $13,989,000 after purchasing an additional 94,958 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Internationa Flavors & Fragrances in the 2nd quarter worth approximately $428,000. 84.64% of the stock is currently owned by institutional investors.

Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded up 0.322% on Wednesday, hitting $147.895. 9,118 shares of the stock traded hands. Internationa Flavors & Fragrances, Inc. has a 12-month low of $113.16 and a 12-month high of $151.04. The stock has a market capitalization of $11.68 billion, a P/E ratio of 29.842 and a beta of 1.11. The company’s 50 day moving average price is $146.23 and its 200-day moving average price is $138.47.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. The company had revenue of $842.86 million during the quarter, compared to analysts’ expectations of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. Internationa Flavors & Fragrances’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS. Analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.75 EPS for the current year.

IFF has been the topic of several recent research reports. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research note on Monday, July 24th. KeyCorp reaffirmed a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 24th. Raymond James Financial, Inc. initiated coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They issued a “market perform” rating on the stock. BidaskClub cut shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $136.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Internationa Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $135.15.

In related news, insider Nicolas Mirzayantz sold 1,232 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $143.56, for a total transaction of $176,865.92. Following the completion of the sale, the insider now directly owns 43,809 shares of the company’s stock, valued at approximately $6,289,220.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anne Chwat sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total value of $411,660.00. Following the sale, the executive vice president now directly owns 42,157 shares of the company’s stock, valued at $5,784,783.54. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 500,982 shares of company stock valued at $67,578,044 and sold 5,465 shares valued at $757,718. Corporate insiders own 0.48% of the company’s stock.

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Internationa Flavors & Fragrances 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.

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

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