International Flavors & Fragrances Inc (IFF) Holdings Reduced by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 24.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,677 shares of the specialty chemicals company’s stock after selling 556 shares during the period. Advisors Asset Management Inc.’s holdings in International Flavors & Fragrances were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. lifted its position in shares of International Flavors & Fragrances by 3.9% during the second quarter. GHP Investment Advisors Inc. now owns 11,203 shares of the specialty chemicals company’s stock worth $1,389,000 after purchasing an additional 422 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 11.7% during the second quarter. Riverhead Capital Management LLC now owns 4,306 shares of the specialty chemicals company’s stock worth $534,000 after purchasing an additional 450 shares during the last quarter. Creative Planning lifted its position in shares of International Flavors & Fragrances by 7.6% during the second quarter. Creative Planning now owns 6,499 shares of the specialty chemicals company’s stock worth $806,000 after purchasing an additional 457 shares during the last quarter. Granite Investment Advisors LLC lifted its position in shares of International Flavors & Fragrances by 3.8% during the second quarter. Granite Investment Advisors LLC now owns 13,678 shares of the specialty chemicals company’s stock worth $1,695,000 after purchasing an additional 501 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its position in shares of International Flavors & Fragrances by 21.9% during the second quarter. United Asset Strategies Inc. now owns 3,410 shares of the specialty chemicals company’s stock worth $423,000 after purchasing an additional 613 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

In related news, major shareholder Winder Investment Pte Ltd acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were bought at an average price of $136.75 per share, for a total transaction of $13,675,000.00. Following the acquisition, the insider now owns 17,913,631 shares in the company, valued at approximately $2,449,689,039.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Francisco Fortanet sold 439 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $142.30, for a total transaction of $62,469.70. Following the completion of the sale, the executive vice president now directly owns 15,754 shares in the company, valued at approximately $2,241,794.20. The disclosure for this sale can be found here. Insiders purchased a total of 357,000 shares of company stock valued at $49,370,717 in the last ninety days. Company insiders own 0.50% of the company’s stock.

A number of equities analysts have issued reports on IFF shares. Stifel Nicolaus reissued a “hold” rating and issued a $139.00 target price (up previously from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, August 13th. ValuEngine cut International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their price objective for the company from $126.00 to $154.00 in a research note on Tuesday, October 16th. Finally, Citigroup assumed coverage on shares of International Flavors & Fragrances in a research note on Friday, November 16th. They set a “neutral” rating and a $152.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $145.00.

International Flavors & Fragrances stock traded up $0.16 during mid-day trading on Monday, hitting $141.79. The company’s stock had a trading volume of 1,140,300 shares, compared to its average volume of 771,945. The company has a debt-to-equity ratio of 1.07, a quick ratio of 8.21 and a current ratio of 9.16. The firm has a market cap of $15.10 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 2.51 and a beta of 0.85. International Flavors & Fragrances Inc has a twelve month low of $122.11 and a twelve month high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.54. The firm had revenue of $907.50 million for the quarter, compared to analyst estimates of $886.15 million. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances Inc will post 6.27 EPS for the current fiscal year.

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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 two segments, Flavors and Fragrances. The Flavors 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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