Trading Report: Today, DUPONT CAPITAL MANAGEMENT Corp decides to keep it stake in International Flavors & Fragrances Inc. (IFF) to the level of $602,000

Today, DUPONT CAPITAL MANAGEMENT Corp decides to keep it stake in International Flavors & Fragrances Inc. (IFF) to the level of $602,000

DUPONT CAPITAL MANAGEMENT Corp lowered its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 4,208 shares of the company’s stock after selling 179 shares during the period. DUPONT CAPITAL MANAGEMENT Corp’s holdings in International Flavors & Fragrances were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dearborn Partners LLC raised its position in International Flavors & Fragrances by 6.4% in the second quarter. Dearborn Partners LLC now owns 96,646 shares of the company’s stock valued at $12,184,000 after buying an additional 5,777 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in International Flavors & Fragrances by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 16,177 shares of the company’s stock valued at $2,039,000 after buying an additional 50 shares in the last quarter. GWM Advisors LLC bought a new stake in International Flavors & Fragrances during the second quarter valued at $414,000. Capstone Asset Management Co. raised its stake in International Flavors & Fragrances by 5.9% in the second quarter. Capstone Asset Management Co. now owns 9,745 shares of the company’s stock valued at $1,229,000 after buying an additional 540 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. bought a new stake in International Flavors & Fragrances during the second quarter valued at $31,518,000. Hedge funds and other institutional investors own 78.92% of the company’s stock.

International Flavors & Fragrances Inc. (NYSE:IFF) traded down 0.01% during trading on Thursday, reaching $120.33. 623,879 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $128.18 and a 200-day moving average of $131.32. International Flavors & Fragrances Inc. has a 12 month low of $97.24 and a 12 month high of $143.64. The stock has a market cap of $9.56 billion, a PE ratio of 23.94 and a beta of 1.15.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, November 7th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by $0.08. The company had revenue of $777 million for the quarter, compared to analysts’ expectations of $785.05 million. International Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.39 EPS. On average, equities research analysts anticipate that International Flavors & Fragrances Inc. will post $5.45 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Argus lifted their price objective on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Gabelli lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. assumed coverage on shares of International Flavors & Fragrances in a research note on Monday. They issued a “neutral” rating and a $121.50 price objective for the company. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $153.00 price objective on shares of International Flavors & Fragrances in a research note on Sunday, August 14th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. International Flavors & Fragrances currently has a consensus rating of “Buy” and an average target price of $142.69.

In related news, insider Nicolas Mirzayantz sold 2,945 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $117.56, for a total transaction of $346,214.20. Following the completion of the transaction, the insider now owns 57,071 shares in the company, valued at $6,709,266.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

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