International Flavors & Fragrances Inc (NYSE:IFF) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. decreased its position in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,717 shares of the specialty chemicals company’s stock after selling 4,900 shares during the period. APG Asset Management N.V. owned about 0.12% of International Flavors & Fragrances worth $15,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. PFG Advisors bought a new stake in International Flavors & Fragrances in the 4th quarter valued at $468,000. Psagot Investment House Ltd. increased its stake in International Flavors & Fragrances by 108.8% in the 4th quarter. Psagot Investment House Ltd. now owns 2,495 shares of the specialty chemicals company’s stock valued at $335,000 after buying an additional 1,300 shares during the last quarter. Amalgamated Bank increased its stake in International Flavors & Fragrances by 11.4% in the 4th quarter. Amalgamated Bank now owns 13,574 shares of the specialty chemicals company’s stock valued at $1,823,000 after buying an additional 1,387 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in International Flavors & Fragrances by 6.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 36,303 shares of the specialty chemicals company’s stock valued at $4,874,000 after buying an additional 2,048 shares during the last quarter. Finally, CI Investments Inc. acquired a new stake in International Flavors & Fragrances in the 4th quarter valued at $1,056,000. 83.19% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Winder Investment Pte Ltd purchased 29,642 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average cost of $128.74 per share, with a total value of $3,816,111.08. Following the completion of the transaction, the insider now directly owns 20,300,000 shares of the company’s stock, valued at $2,613,422,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 165,588 shares of company stock worth $21,637,048 over the last three months. 0.39% of the stock is owned by insiders.

NYSE IFF traded down $0.09 on Wednesday, hitting $136.29. The company’s stock had a trading volume of 583,330 shares, compared to its average volume of 925,639. International Flavors & Fragrances Inc has a 1-year low of $121.85 and a 1-year high of $150.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.65 and a current ratio of 2.61. The stock has a market cap of $14.52 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.07). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. The company’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. Analysts predict that International Flavors & Fragrances Inc will post 6.36 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 25th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, March 22nd. International Flavors & Fragrances’s payout ratio is currently 46.50%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. ValuEngine lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. Citigroup cut their price objective on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, February 21st. Finally, Seaport Global Securities started coverage on shares of International Flavors & Fragrances in a report on Thursday, February 21st. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $144.33.

COPYRIGHT VIOLATION NOTICE: “International Flavors & Fragrances Inc (NYSE:IFF) Shares Sold by APG Asset Management N.V.” was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/24/apg-asset-management-n-v-sells-4900-shares-of-international-flavors-fragrances-inc-iff.html.

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.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.