MARSHALL WACE ASIA Ltd Acquires Shares of 103,265 Internationa Flavors & Fragrances, Inc. (IFF)

MARSHALL WACE ASIA Ltd acquired a new position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the first quarter, according to its most recent filing with the SEC. The fund acquired 103,265 shares of the specialty chemicals company’s stock, valued at approximately $13,734,000.

Other institutional investors also recently bought and sold shares of the company. Cleararc Capital Inc. boosted its position in Internationa Flavors & Fragrances by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock worth $258,000 after buying an additional 11 shares during the last quarter. Albert D Mason Inc. boosted its position in Internationa Flavors & Fragrances by 0.4% in the first quarter. Albert D Mason Inc. now owns 8,135 shares of the specialty chemicals company’s stock worth $1,078,000 after buying an additional 30 shares during the last quarter. Pacer Advisors Inc. boosted its position in Internationa Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 44 shares during the last quarter. Genesee Valley Trust Co. boosted its position in Internationa Flavors & Fragrances by 1.9% in the first quarter. Genesee Valley Trust Co. now owns 2,756 shares of the specialty chemicals company’s stock worth $365,000 after buying an additional 51 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Internationa Flavors & Fragrances by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 1,089 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 53 shares during the last quarter. 86.53% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) traded up 0.53% during trading on Tuesday, reaching $136.86. 133,644 shares of the company’s stock traded hands. The stock has a 50-day moving average of $136.10 and a 200-day moving average of $127.52. Internationa Flavors & Fragrances, Inc. has a 1-year low of $113.16 and a 1-year high of $143.64. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 27.22 and a beta of 1.07.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.01. The business had revenue of $828.30 million during the quarter, compared to analyst estimates of $833.73 million. Internationa Flavors & Fragrances had a net margin of 12.72% and a return on equity of 26.75%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. On average, equities analysts predict that Internationa Flavors & Fragrances, Inc. will post $5.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Monday, June 26th will be given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, June 22nd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is 50.89%.

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A number of research firms recently weighed in on IFF. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Vertical Research cut shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Deutsche Bank AG increased their price objective on shares of Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Barclays PLC reaffirmed a “sell” rating on shares of Internationa Flavors & Fragrances in a research report on Friday, May 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $136.00 price objective (up previously from $129.00) on shares of Internationa Flavors & Fragrances in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $139.83.

In related news, major shareholder Winder Investment Pte Ltd purchased 36,500 shares of Internationa Flavors & Fragrances stock in a transaction dated Wednesday, April 19th. The stock was acquired at an average cost of $134.53 per share, with a total value of $4,910,345.00. Following the completion of the transaction, the insider now directly owns 8,716,933 shares of the company’s stock, valued at $1,172,688,996.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Francisco Fortanet sold 300 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $138.65, for a total transaction of $41,595.00. Following the completion of the sale, the executive vice president now directly owns 20,294 shares of the company’s stock, valued at $2,813,763.10. The disclosure for this sale can be found here. Insiders bought 495,140 shares of company stock valued at $67,691,529 over the last three months. 0.48% of the stock is owned by insiders.

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.

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