Dundas Partners LLP Buys 1,025 Shares of International Flavors & Fragrances Inc (NYSE:IFF)

Dundas Partners LLP raised its stake in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,775 shares of the specialty chemicals company’s stock after purchasing an additional 1,025 shares during the quarter. International Flavors & Fragrances accounts for about 2.6% of Dundas Partners LLP’s holdings, making the stock its 19th biggest holding. Dundas Partners LLP owned approximately 0.07% of International Flavors & Fragrances worth $11,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in IFF. Winder Investment Pte Ltd lifted its holdings in shares of International Flavors & Fragrances by 3.9% in the 1st quarter. Winder Investment Pte Ltd now owns 20,300,000 shares of the specialty chemicals company’s stock worth $2,614,437,000 after acquiring an additional 763,142 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of International Flavors & Fragrances by 1,731.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 399,509 shares of the specialty chemicals company’s stock worth $51,452,000 after acquiring an additional 377,695 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of International Flavors & Fragrances by 212.3% in the second quarter. Menora Mivtachim Holdings LTD. now owns 535,000 shares of the specialty chemicals company’s stock worth $77,623,000 after buying an additional 363,704 shares during the period. Alecta Pensionsforsakring Omsesidigt purchased a new position in shares of International Flavors & Fragrances in the second quarter worth $43,533,000. Finally, First Trust Advisors LP increased its stake in shares of International Flavors & Fragrances by 2,214.1% in the first quarter. First Trust Advisors LP now owns 270,523 shares of the specialty chemicals company’s stock worth $34,841,000 after buying an additional 258,833 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

A number of brokerages have issued reports on IFF. BNP Paribas downgraded shares of International Flavors & Fragrances from a “neutral” rating to an “underperform” rating in a research report on Friday, June 21st. Stifel Nicolaus set a $120.00 price objective on shares of International Flavors & Fragrances and gave the company a “hold” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective on the stock in a research report on Monday, August 5th. Berenberg Bank downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $133.00 in a research report on Thursday, August 8th. Finally, ValuEngine cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. International Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $143.00.

In related news, insider Nicolas Mirzayantz sold 3,472 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $136.73, for a total value of $474,726.56. Following the transaction, the insider now owns 45,858 shares in the company, valued at approximately $6,270,164.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 10,508 shares of company stock worth $1,496,115. 0.39% of the stock is currently owned by company insiders.

Shares of IFF stock opened at $118.71 on Wednesday. International Flavors & Fragrances Inc has a 12 month low of $116.87 and a 12 month high of $152.95. The company has a market cap of $13.08 billion, a PE ratio of 18.90 and a beta of 0.75. The company has a current ratio of 2.60, a quick ratio of 1.59 and a debt-to-equity ratio of 0.71. The firm’s fifty day simple moving average is $140.51.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.61. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The company’s quarterly revenue was up 41.3% on a year-over-year basis. Equities research analysts expect that International Flavors & Fragrances Inc will post 6.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be paid a $0.75 dividend. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Friday, September 20th. This represents a $3.00 dividend on an annualized basis and a yield of 2.53%. International Flavors & Fragrances’s payout ratio is presently 46.50%.

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 three segments: Taste, Scent, and Frutarom. The Taste 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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