Internationa Flavors & Fragrances, Inc. (NYSE:IFF) Stake Decreased by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV reduced its position in shares of Internationa Flavors & Fragrances, Inc. (NYSE:IFF) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,650 shares of the specialty chemicals company’s stock after selling 50 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Internationa Flavors & Fragrances were worth $628,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IFF. Swiss National Bank raised its stake in Internationa Flavors & Fragrances by 24.7% in the first quarter. Swiss National Bank now owns 310,864 shares of the specialty chemicals company’s stock worth $41,199,000 after buying an additional 61,500 shares in the last quarter. BlackRock Inc. raised its stake in 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 worth $652,173,000 after buying an additional 4,755,656 shares in the last quarter. Sawtooth Solutions LLC purchased a new stake in Internationa Flavors & Fragrances during the first quarter worth approximately $238,000. Chevy Chase Trust Holdings Inc. raised its stake in Internationa Flavors & Fragrances by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 68,134 shares of the specialty chemicals company’s stock worth $9,030,000 after buying an additional 1,767 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Internationa Flavors & Fragrances by 6.0% in the first quarter. Bank of Montreal Can now owns 25,243 shares of the specialty chemicals company’s stock worth $3,346,000 after buying an additional 1,434 shares in the last quarter. 83.36% of the stock is currently owned by institutional investors.

Shares of Internationa Flavors & Fragrances, Inc. (NYSE IFF) traded up 0.11% on Monday, reaching $133.88. 385,600 shares of the company traded hands. The stock has a market capitalization of $10.57 billion, a P/E ratio of 26.63 and a beta of 1.12. The stock’s 50 day moving average price is $135.96 and its 200-day moving average price is $128.19. Internationa Flavors & Fragrances, Inc. has a one year low of $113.16 and a one year high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.01. Internationa Flavors & Fragrances had a net margin of 12.72% and a return on equity of 26.75%. The business had revenue of $828.30 million for the quarter, compared to analysts’ expectations of $833.73 million. During the same quarter in the previous year, the business posted $1.45 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts forecast that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Monday, June 26th were issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, June 22nd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is presently 50.89%.

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IFF has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Monday, May 1st. Stifel Nicolaus upped their price objective on shares of Internationa Flavors & Fragrances from $123.00 to $127.00 and gave the company a “hold” rating in a research note on Monday, March 27th. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Raymond James Financial, Inc. initiated coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They issued a “market perform” rating on the stock. Finally, Vertical Group lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Internationa Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $139.68.

In other news, EVP Francisco Fortanet sold 300 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $138.65, for a total transaction of $41,595.00. Following the sale, the executive vice president now owns 20,294 shares in the company, valued at approximately $2,813,763.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd bought 24,780 shares of the company’s stock in a transaction dated Tuesday, April 18th. The shares were acquired at an average price of $133.89 per share, for a total transaction of $3,317,794.20. Following the acquisition, the insider now owns 8,680,433 shares in the company, valued at approximately $1,162,223,174.37. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 675,140 shares of company stock worth $91,928,729. 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.

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

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