Trade Report: The International Flavors & Fragrances Inc. (IFF) Stake Increased by Strs Ohio

The International Flavors & Fragrances Inc. (IFF) Stake Increased by Strs Ohio

Strs Ohio boosted its stake in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 18.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,063 shares of the company’s stock after buying an additional 1,430 shares during the period. Strs Ohio’s holdings in International Flavors & Fragrances were worth $1,142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Teachers Advisors Inc. increased its position in International Flavors & Fragrances by 4.6% in the first quarter. Teachers Advisors Inc. now owns 79,464 shares of the company’s stock valued at $9,041,000 after buying an additional 3,517 shares in the last quarter. Prudential Financial Inc. increased its position in International Flavors & Fragrances by 3.6% in the first quarter. Prudential Financial Inc. now owns 103,661 shares of the company’s stock valued at $11,794,000 after buying an additional 3,590 shares in the last quarter. JPMorgan Chase & Co. increased its position in International Flavors & Fragrances by 451.1% in the first quarter. JPMorgan Chase & Co. now owns 441,316 shares of the company’s stock valued at $50,209,000 after buying an additional 361,243 shares in the last quarter. M&T Bank Corp increased its position in International Flavors & Fragrances by 30.4% in the first quarter. M&T Bank Corp now owns 4,963 shares of the company’s stock valued at $565,000 after buying an additional 1,157 shares in the last quarter. Finally, Investec Asset Management LTD purchased a new position in International Flavors & Fragrances during the first quarter valued at about $524,000. 81.17% of the stock is owned by institutional investors.

International Flavors & Fragrances Inc. (NYSE:IFF) traded down 0.87% during trading on Thursday, hitting $130.21. The company’s stock had a trading volume of 851,242 shares. The firm has a 50 day moving average of $138.32 and a 200 day moving average of $129.57. The firm has a market cap of $10.36 billion, a P/E ratio of 24.92 and a beta of 1.03. International Flavors & Fragrances Inc. has a 12 month low of $97.24 and a 12 month high of $143.64.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.07. The firm earned $793.48 million during the quarter, compared to the consensus estimate of $785.60 million. International Flavors & Fragrances had a return on equity of 26.66% and a net margin of 13.52%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS. Equities research analysts predict that International Flavors & Fragrances Inc. will post $5.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Monday, September 26th were given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Thursday, September 22nd. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.56. International Flavors & Fragrances’s dividend payout ratio (DPR) is 49.90%.

Several research analysts have recently issued reports on IFF shares. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research note on Tuesday, July 5th. Berenberg Bank started coverage on International Flavors & Fragrances in a research note on Wednesday, July 20th. They issued a “buy” rating and a $163.40 price objective for the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $130.00 price objective (up previously from $124.00) on shares of International Flavors & Fragrances in a research note on Sunday, July 24th. Gabelli downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $153.00 target price on shares of International Flavors & Fragrances in a research report on Sunday, August 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $148.80.

In other news, insider Nicolas Mirzayantz sold 3,881 shares of International Flavors & Fragrances stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $135.84, for a total transaction of $527,195.04. Following the completion of the sale, the insider now owns 60,016 shares in the company, valued at approximately $8,152,573.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

About International Flavors & Fragrances

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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