World Asset Management Inc Buys 392 Shares of International Flavors & Fragrances Inc (IFF)

World Asset Management Inc boosted its position in International Flavors & Fragrances Inc (NYSE:IFF) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,228 shares of the specialty chemicals company’s stock after purchasing an additional 392 shares during the quarter. World Asset Management Inc’s holdings in International Flavors & Fragrances were worth $836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co increased its stake in shares of International Flavors & Fragrances by 10.5% in the 3rd quarter. Diversified Trust Co now owns 2,003 shares of the specialty chemicals company’s stock worth $279,000 after acquiring an additional 190 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of International Flavors & Fragrances by 1.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,377 shares of the specialty chemicals company’s stock worth $2,333,000 after acquiring an additional 200 shares during the last quarter. Townsend & Associates Inc increased its stake in shares of International Flavors & Fragrances by 1.9% in the 4th quarter. Townsend & Associates Inc now owns 16,036 shares of the specialty chemicals company’s stock worth $2,153,000 after acquiring an additional 298 shares during the last quarter. Advisory Research Inc. increased its stake in shares of International Flavors & Fragrances by 1.5% in the 3rd quarter. Advisory Research Inc. now owns 23,941 shares of the specialty chemicals company’s stock worth $3,331,000 after acquiring an additional 357 shares during the last quarter. Finally, Keybank National Association OH increased its stake in shares of International Flavors & Fragrances by 9.6% in the 3rd quarter. Keybank National Association OH now owns 4,452 shares of the specialty chemicals company’s stock worth $619,000 after acquiring an additional 390 shares during the last quarter. 78.65% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Raymond James downgraded International Flavors & Fragrances from a “market perform” rating to an “underperform” rating and set a $135.00 target price for the company. in a research note on Friday, November 16th. ValuEngine raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. Citigroup assumed coverage on International Flavors & Fragrances in a research note on Friday, November 16th. They issued a “neutral” rating and a $152.00 target price for the company. Finally, Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. International Flavors & Fragrances presently has a consensus rating of “Hold” and an average target price of $145.00.

NYSE IFF opened at $145.22 on Thursday. The firm has a market cap of $15.55 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.80 and a beta of 0.83. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 8.21. International Flavors & Fragrances Inc has a twelve month low of $122.11 and a twelve month high of $150.57.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 81,636 shares of the stock in a transaction dated Wednesday, January 16th. The stock was acquired at an average cost of $134.06 per share, for a total transaction of $10,944,122.16. Following the acquisition, the insider now owns 19,947,404 shares in the company, valued at approximately $2,674,148,980.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have bought 1,064,120 shares of company stock valued at $140,361,465. Company insiders own 0.50% of the company’s stock.

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About International Flavors & Fragrances

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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