Today: Robeco Institutional Asset Management B.V. Reduces Position in International Flavors & Fragrances Inc. (IFF)

Today: Robeco Institutional Asset Management B.V. Reduces Position in International Flavors & Fragrances Inc. (IFF)

Robeco Institutional Asset Management B.V. decreased its position in shares of International Flavors & Fragrances Inc. (NYSE:IFF) by 51.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,995 shares of the company’s stock after selling 290,781 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.34% of International Flavors & Fragrances worth $39,031,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. AMP Capital Investors Ltd raised its stake in shares of International Flavors & Fragrances by 3.1% in the first quarter. AMP Capital Investors Ltd now owns 19,967 shares of the company’s stock worth $2,289,000 after buying an additional 600 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of International Flavors & Fragrances during the first quarter worth $636,000. First Republic Investment Management Inc. raised its stake in shares of International Flavors & Fragrances by 200.7% in the first quarter. First Republic Investment Management Inc. now owns 10,452 shares of the company’s stock worth $1,189,000 after buying an additional 6,976 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of International Flavors & Fragrances by 6.1% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 20,634 shares of the company’s stock worth $2,601,000 after buying an additional 1,188 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of International Flavors & Fragrances by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 68,095 shares of the company’s stock worth $8,585,000 after buying an additional 705 shares in the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.

International Flavors & Fragrances Inc. (NYSE:IFF) opened at 120.38 on Monday. International Flavors & Fragrances Inc. has a 1-year low of $97.24 and a 1-year high of $143.64. The stock’s 50 day moving average is $127.37 and its 200-day moving average is $131.32. The company has a market capitalization of $9.56 billion, a P/E ratio of 23.95 and a beta of 1.15.

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

IFF has been the subject of a number of recent research reports. Gabelli downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $153.00 target price on shares of International Flavors & Fragrances in a report on Sunday, August 14th. Argus increased their price objective on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Sanford C. Bernstein assumed coverage on shares of International Flavors & Fragrances in a report on Monday, September 19th. They set an “outperform” rating and a $160.00 price objective for the company. Finally, Berenberg Bank restated a “buy” rating and set a $163.40 target price on shares of International Flavors & Fragrances in a research report on Monday, September 26th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. International Flavors & Fragrances has a consensus rating of “Buy” and an average price target of $142.69.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 2,945 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were 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 approximately $6,709,266.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.55% of the company’s stock.

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