KBC Group NV Purchases 1,599 Shares of Internationa Flavors & Fragrances, Inc. (IFF)

KBC Group NV lifted its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 89,917 shares of the specialty chemicals company’s stock after acquiring an additional 1,599 shares during the period. KBC Group NV owned 0.11% of Internationa Flavors & Fragrances worth $12,850,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Winder Investment Pte Ltd lifted its holdings in Internationa Flavors & Fragrances by 12.6% in the third quarter. Winder Investment Pte Ltd now owns 10,420,193 shares of the specialty chemicals company’s stock worth $1,489,150,000 after purchasing an additional 1,169,400 shares during the period. Vanguard Group Inc. lifted its holdings in Internationa Flavors & Fragrances by 8.2% in the second quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock worth $1,183,352,000 after purchasing an additional 666,120 shares during the period. BlackRock Inc. lifted its holdings in Internationa Flavors & Fragrances by 2.3% in the second quarter. BlackRock Inc. now owns 5,034,108 shares of the specialty chemicals company’s stock worth $679,605,000 after purchasing an additional 113,160 shares during the period. Wells Fargo & Company MN lifted its holdings in Internationa Flavors & Fragrances by 3.2% in the third quarter. Wells Fargo & Company MN now owns 1,299,631 shares of the specialty chemicals company’s stock worth $185,730,000 after purchasing an additional 40,746 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Internationa Flavors & Fragrances by 0.7% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 983,891 shares of the specialty chemicals company’s stock worth $140,608,000 after purchasing an additional 6,592 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

In other Internationa Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $149.61, for a total value of $448,830.00. Following the completion of the sale, the executive vice president now directly owns 39,157 shares of the company’s stock, valued at approximately $5,858,278.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Winder Investment Pte Ltd purchased 3,672 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of $138.44 per share, with a total value of $508,351.68. Following the completion of the acquisition, the insider now directly owns 10,419,493 shares in the company, valued at approximately $1,442,474,610.92. The disclosure for this purchase can be found here. Insiders acquired a total of 32,072 shares of company stock valued at $4,456,176 over the last three months. 0.48% of the stock is owned by corporate insiders.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded down $0.74 during midday trading on Friday, reaching $154.70. 280,919 shares of the company’s stock were exchanged, compared to its average volume of 273,168. Internationa Flavors & Fragrances, Inc. has a 52 week low of $113.16 and a 52 week high of $156.64. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92. The firm has a market cap of $12,217.74, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 3.07 and a beta of 1.19.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.05. Internationa Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The company had revenue of $872.90 million during the quarter, compared to the consensus estimate of $847.63 million. During the same period in the prior year, the company earned $1.34 EPS. Internationa Flavors & Fragrances’s revenue was up 12.3% on a year-over-year basis. sell-side analysts anticipate that Internationa Flavors & Fragrances, Inc. will post 5.79 EPS for the current year.

IFF has been the subject of several research analyst reports. UBS reaffirmed a “buy” rating and issued a $166.00 price objective (up previously from $151.00) on shares of Internationa Flavors & Fragrances in a report on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Berenberg Bank reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, November 10th. Finally, Barclays reaffirmed a “sell” rating and issued a $123.00 price objective on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $143.70.

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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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