Jefferies Group LLC Raises Stake in International Flavors & Fragrances Inc (IFF)

Jefferies Group LLC lifted its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 108.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,918 shares of the specialty chemicals company’s stock after purchasing an additional 15,049 shares during the quarter. Jefferies Group LLC’s holdings in International Flavors & Fragrances were worth $4,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Winder Investment Pte Ltd lifted its position in shares of International Flavors & Fragrances by 27.7% during the third quarter. Winder Investment Pte Ltd now owns 17,872,160 shares of the specialty chemicals company’s stock worth $2,486,375,000 after purchasing an additional 3,872,160 shares in the last quarter. BlackRock Inc. lifted its position in shares of International Flavors & Fragrances by 5.1% during the third quarter. BlackRock Inc. now owns 5,936,388 shares of the specialty chemicals company’s stock worth $825,870,000 after purchasing an additional 289,468 shares in the last quarter. FMR LLC lifted its position in shares of International Flavors & Fragrances by 17,389.6% during the third quarter. FMR LLC now owns 2,290,964 shares of the specialty chemicals company’s stock worth $318,718,000 after purchasing an additional 2,277,865 shares in the last quarter. Swedbank lifted its position in shares of International Flavors & Fragrances by 14.2% during the third quarter. Swedbank now owns 1,135,671 shares of the specialty chemicals company’s stock worth $157,995,000 after purchasing an additional 141,179 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of International Flavors & Fragrances by 5.0% during the third quarter. Allianz Asset Management GmbH now owns 933,083 shares of the specialty chemicals company’s stock worth $129,810,000 after purchasing an additional 44,771 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on IFF. Raymond James cut shares of International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 target price on the stock. in a report on Friday, November 16th. ValuEngine raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Citigroup began coverage on shares of International Flavors & Fragrances in a report on Friday, November 16th. They issued a “neutral” rating and a $152.00 target price on the stock. Deutsche Bank raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their target price for the company from $126.00 to $154.00 in a report on Tuesday, October 16th. Finally, Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $145.00.

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

Shares of NYSE:IFF opened at $137.00 on Friday. The company has a market capitalization of $14.79 billion, a P/E ratio of 23.26, a PEG ratio of 2.46 and a beta of 0.85. International Flavors & Fragrances Inc has a fifty-two week low of $122.11 and a fifty-two week high of $157.40. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16.

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

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International Flavors & Fragrances 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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