Russell Investments Group Ltd. Boosts Position in Internationa Flavors & Fragrances, Inc. (IFF)

Russell Investments Group Ltd. lifted its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,147 shares of the specialty chemicals company’s stock after acquiring an additional 2,630 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Internationa Flavors & Fragrances worth $11,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Winder Investment Pte Ltd increased its position 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 buying an additional 1,169,400 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Internationa Flavors & Fragrances by 3.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,843 shares of the specialty chemicals company’s stock worth $5,109,000 after buying an additional 1,327 shares during the period. Janus Henderson Group PLC increased its position in Internationa Flavors & Fragrances by 1,096.1% in the second quarter. Janus Henderson Group PLC now owns 103,621 shares of the specialty chemicals company’s stock worth $13,989,000 after buying an additional 94,958 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Internationa Flavors & Fragrances by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 256,602 shares of the specialty chemicals company’s stock valued at $34,639,000 after purchasing an additional 14,604 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Internationa Flavors & Fragrances during the second quarter valued at $428,000. 83.00% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Winder Investment Pte Ltd purchased 3,672 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was acquired at an average price of $138.44 per share, for a total transaction of $508,351.68. Following the transaction, the insider now directly owns 10,419,493 shares of the company’s stock, valued at approximately $1,442,474,610.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anne Chwat sold 3,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 39,157 shares of the company’s stock, valued at approximately $5,858,278.77. The disclosure for this sale can be found here. Insiders have purchased 32,072 shares of company stock valued at $4,456,176 in the last ninety days. Company insiders own 0.48% of the company’s stock.

IFF has been the topic of a number of research analyst reports. UBS reissued a “buy” rating and set a $166.00 price target (up from $151.00) on shares of Internationa Flavors & Fragrances in a report on Tuesday, November 7th. KeyCorp reissued a “buy” rating and set a $148.00 price target on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Zacks Investment Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Berenberg Bank reissued a “buy” rating and set a $160.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, November 10th. Finally, Barclays reissued a “sell” rating and set a $123.00 price target on shares of Internationa Flavors & Fragrances in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Internationa Flavors & Fragrances has a consensus rating of “Hold” and an average price target of $143.70.

Shares of Internationa Flavors & Fragrances, Inc. (IFF) traded down $0.74 during mid-day trading on Monday, reaching $154.70. The company had a trading volume of 280,900 shares, compared to its average volume of 460,112. Internationa Flavors & Fragrances, Inc. has a fifty-two week low of $113.16 and a fifty-two week high of $156.64. The company has a market capitalization of $12,217.77, a PE ratio of 27.09, a P/E/G ratio of 3.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.66 and a quick ratio of 1.77.

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

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About Internationa Flavors & Fragrances

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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