MML Investors Services LLC Raises Holdings in International Flavors & Fragrances Inc (IFF)

MML Investors Services LLC grew its position in International Flavors & Fragrances Inc (NYSE:IFF) by 47.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,815 shares of the specialty chemicals company’s stock after buying an additional 1,544 shares during the quarter. MML Investors Services LLC’s holdings in International Flavors & Fragrances were worth $670,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Piedmont Investment Advisors LLC purchased a new stake in shares of International Flavors & Fragrances during the 2nd quarter worth $113,000. IFP Advisors Inc lifted its stake in shares of International Flavors & Fragrances by 40.0% during the 3rd quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock worth $195,000 after purchasing an additional 400 shares during the last quarter. IBM Retirement Fund purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $201,000. Raymond James Trust N.A. purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $203,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $209,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Shares of NYSE:IFF opened at $141.63 on Friday. International Flavors & Fragrances Inc has a 1 year low of $122.11 and a 1 year high of $157.40. The stock has a market cap of $15.10 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.51 and a beta of 0.88. The company has a current ratio of 9.16, a quick ratio of 8.21 and a debt-to-equity ratio of 1.07.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.54. International Flavors & Fragrances had a return on equity of 21.76% and a net margin of 7.86%. The company had revenue of $907.50 million for the quarter, compared to analyst estimates of $886.15 million. During the same period in the prior year, the company posted $1.47 EPS. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts expect that International Flavors & Fragrances Inc will post 6.27 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. Stifel Nicolaus restated a “hold” rating and set a $139.00 price objective (up from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. ValuEngine lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Raymond James lowered International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 target price on the stock. in a research report on Friday, November 16th. Finally, Deutsche Bank raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their target price for the company from $126.00 to $154.00 in a research report on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $145.00.

In other news, major shareholder Winder Investment Pte Ltd acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were acquired at an average cost of $136.75 per share, with a total value of $13,675,000.00. Following the completion of the acquisition, the insider now owns 17,913,631 shares of the company’s stock, valued at $2,449,689,039.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Francisco Fortanet sold 1,389 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $140.00, for a total value of $194,460.00. Following the completion of the transaction, the executive vice president now directly owns 16,193 shares in the company, valued at $2,267,020. The disclosure for this sale can be found here. Insiders have purchased a total of 357,000 shares of company stock worth $49,370,717 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

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International Flavors & Fragrances Company Profile

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