Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Shares Sold by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC decreased its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 73.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,555 shares of the specialty chemicals company’s stock after selling 4,285 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Internationa Flavors & Fragrances were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Internationa Flavors & Fragrances by 2,877.1% in the first quarter. BlackRock Inc. now owns 4,920,948 shares of the specialty chemicals company’s stock valued at $652,173,000 after buying an additional 4,755,656 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Internationa Flavors & Fragrances by 131.6% in the first quarter. UBS Asset Management Americas Inc. now owns 887,276 shares of the specialty chemicals company’s stock valued at $117,591,000 after buying an additional 504,228 shares during the period. Vanguard Group Inc. increased its stake in shares of Internationa Flavors & Fragrances by 4.4% in the first quarter. Vanguard Group Inc. now owns 8,099,453 shares of the specialty chemicals company’s stock valued at $1,073,421,000 after buying an additional 340,539 shares during the period. Victory Capital Management Inc. increased its stake in shares of Internationa Flavors & Fragrances by 48.3% in the first quarter. Victory Capital Management Inc. now owns 644,954 shares of the specialty chemicals company’s stock valued at $85,476,000 after buying an additional 210,177 shares during the period. Finally, Champlain Investment Partners LLC acquired a new stake in shares of Internationa Flavors & Fragrances during the first quarter valued at about $22,463,000. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Internationa Flavors & Fragrances, Inc. (IFF) opened at 134.83 on Friday. The stock’s 50 day moving average price is $134.37 and its 200 day moving average price is $132.10. The company has a market cap of $10.65 billion, a P/E ratio of 27.21 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. The firm had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. Internationa Flavors & Fragrances’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. Analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 dividend on an annualized basis and a yield of 2.05%. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is 51.72%.

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Several brokerages recently issued reports on IFF. Zacks Investment Research downgraded Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Barclays PLC reissued a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, August 11th. Deutsche Bank AG reissued a “hold” rating and set a $139.00 target price (up previously from $135.00) on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 10th. BidaskClub raised Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $136.00 target price on shares of Internationa Flavors & Fragrances in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $138.08.

In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 1,233 shares of Internationa Flavors & Fragrances stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total transaction of $169,192.26. Following the completion of the sale, the insider now directly owns 45,041 shares of the company’s stock, valued at approximately $6,180,526.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anne Chwat sold 3,000 shares of Internationa Flavors & Fragrances stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total value of $411,660.00. Following the sale, the executive vice president now directly owns 42,157 shares of the company’s stock, valued at $5,784,783.54. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,167,682 shares of company stock valued at $156,538,355 and sold 5,766 shares valued at $786,086. Company insiders own 0.48% of the company’s stock.

Internationa Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Institutional Ownership by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)

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