Executive Wealth Management LLC Has $3.76 Million Holdings in International Flavors & Fragrances Inc (NYSE:IFF)

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Executive Wealth Management LLC raised its holdings in shares of International Flavors & Fragrances Inc (NYSE:IFF) by 34,445.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,909 shares of the specialty chemicals company’s stock after purchasing an additional 25,834 shares during the period. Executive Wealth Management LLC’s holdings in International Flavors & Fragrances were worth $3,759,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. raised its position in shares of International Flavors & Fragrances by 24.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,096 shares of the specialty chemicals company’s stock valued at $594,000 after acquiring an additional 809 shares during the period. Great West Life Assurance Co. Can raised its position in shares of International Flavors & Fragrances by 42.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 80,963 shares of the specialty chemicals company’s stock valued at $10,404,000 after acquiring an additional 24,014 shares during the period. Norinchukin Bank The raised its position in shares of International Flavors & Fragrances by 3.3% in the 1st quarter. Norinchukin Bank The now owns 116,439 shares of the specialty chemicals company’s stock valued at $14,996,000 after acquiring an additional 3,687 shares during the period. FIL Ltd raised its position in shares of International Flavors & Fragrances by 45.3% in the 1st quarter. FIL Ltd now owns 24,968 shares of the specialty chemicals company’s stock valued at $3,216,000 after acquiring an additional 7,784 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of International Flavors & Fragrances by 15.0% in the 1st quarter. TD Asset Management Inc. now owns 60,909 shares of the specialty chemicals company’s stock valued at $7,844,000 after acquiring an additional 7,962 shares during the period. Institutional investors own 88.90% of the company’s stock.

In other news, insider Nicolas Mirzayantz sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $142.00, for a total transaction of $355,000.00. Following the sale, the insider now directly owns 40,858 shares in the company, valued at $5,801,836. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 10,508 shares of company stock worth $1,496,115. Company insiders own 0.39% of the company’s stock.

A number of brokerages recently weighed in on IFF. JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and cut their price target for the company from $127.00 to $125.00 in a research report on Wednesday, August 7th. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price target for the company in a research note on Monday, August 5th. Stifel Nicolaus set a $120.00 price target on International Flavors & Fragrances and gave the company a “hold” rating in a research note on Wednesday, August 7th. ValuEngine downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, UBS Group boosted their price target on International Flavors & Fragrances from $168.00 to $172.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $143.00.

NYSE:IFF opened at $118.71 on Wednesday. The company has a market capitalization of $13.08 billion, a PE ratio of 18.90 and a beta of 0.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.59 and a current ratio of 2.60. The business’s 50-day moving average price is $140.51. International Flavors & Fragrances Inc has a 1-year low of $116.87 and a 1-year high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 earnings per share. Equities analysts forecast that International Flavors & Fragrances Inc will post 6.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.75 per share. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s payout ratio is 46.50%.

International Flavors & Fragrances Company 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.

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

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