Andra AP fonden Has $7.08 Million Position in International Flavors & Fragrances Inc (IFF)

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Andra AP fonden lowered its holdings in International Flavors & Fragrances Inc (NYSE:IFF) by 15.3% in the third quarter, HoldingsChannel reports. The firm owned 50,900 shares of the specialty chemicals company’s stock after selling 9,200 shares during the quarter. Andra AP fonden’s holdings in International Flavors & Fragrances were worth $7,081,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cape Cod Five Cents Savings Bank grew its position in shares of International Flavors & Fragrances by 10.0% in the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 8,599 shares of the specialty chemicals company’s stock valued at $1,196,000 after acquiring an additional 780 shares during the period. World Asset Management Inc grew its position in shares of International Flavors & Fragrances by 16.4% in the 3rd quarter. World Asset Management Inc now owns 5,836 shares of the specialty chemicals company’s stock valued at $812,000 after acquiring an additional 821 shares during the period. Swedbank grew its position in shares of International Flavors & Fragrances by 14.2% in the 3rd quarter. Swedbank now owns 1,135,671 shares of the specialty chemicals company’s stock valued at $157,995,000 after acquiring an additional 141,179 shares during the period. Heritage Way Advisors LLC grew its position in shares of International Flavors & Fragrances by 4.8% in the 3rd quarter. Heritage Way Advisors LLC now owns 16,295 shares of the specialty chemicals company’s stock valued at $2,267,000 after acquiring an additional 750 shares during the period. Finally, DNB Asset Management AS grew its position in shares of International Flavors & Fragrances by 14.2% in the 3rd quarter. DNB Asset Management AS now owns 24,666 shares of the specialty chemicals company’s stock valued at $3,432,000 after acquiring an additional 3,063 shares during the period. 73.67% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Francisco Fortanet sold 1,389 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $140.00, for a total transaction of $194,460.00. Following the completion of the sale, the executive vice president now owns 16,193 shares in the company, valued at approximately $2,267,020. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd bought 100,000 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were bought at an average price of $136.75 per share, with a total value of $13,675,000.00. Following the purchase, the insider now owns 17,913,631 shares in the company, valued at approximately $2,449,689,039.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 856,608 shares of company stock valued at $113,787,626. 0.48% of the stock is currently owned by corporate insiders.

NYSE IFF opened at $139.12 on Friday. The company has a quick ratio of 1.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.98. The stock has a market cap of $14.74 billion, a PE ratio of 23.62, a P/E/G ratio of 2.43 and a beta of 1.02. International Flavors & Fragrances Inc has a 52-week low of $122.11 and a 52-week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.05. The company had revenue of $920.02 million during the quarter, compared to analysts’ expectations of $899.62 million. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. During the same quarter last year, the company posted $1.50 EPS. As a group, equities research analysts expect that International Flavors & Fragrances Inc will post 6.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Monday, September 24th were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, September 21st. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 49.58%.

A number of research analysts have recently commented on IFF shares. Stifel Nicolaus reissued a “hold” rating and issued a $139.00 price objective (up previously from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Finally, Deutsche Bank raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price objective for the company from $126.00 to $154.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. International Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $149.33.

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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Want to see what other hedge funds are holding IFF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Flavors & Fragrances Inc (NYSE:IFF).

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

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